Refers to the probabilities of an event occurring or to the amount a particular wager will pay off. For example you might get 10 to 1 odds on a horse winning a race.
Odds On Gaming
One of the big online casino software providers. Has recently been re-named to Vegas Technology.
One Roll Bets (Craps)
Any bet that either wins or loses with a single roll of the dice. For example the pass line bet is a one roll bet.
Outside Bets (Roulette)
Any bet that is not on a particular number or numbers. Includes the bets such as red / black, odd / even and high low.
Outside Straight Draw (Poker)
A hand where you have two chances of making a straight with another card. For example if you had 6, 7, 8, 9 you could make a straight with either 5 or 10.
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