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Odds show how much money you will win, if you bet on an event to happen. The higher the odds are, the more you will win, relative to your stake. Low odds = lower win. High odds = higher win.
Odds are a ratio of your chances of losing to your chances of winning. Using the above raffle example, your chances of losing are 99 (the other  tickets) and your chances of winning are 1 (the ticket you purchased). Your odds are 99 to 1.
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    As an example, let's use a Yankees-Red Sox game with a total of 10.5 and odds (or juice ) of -120 to the Over and +100 to the Under. If you place aR$100 bet on Over 10.5, you stand to collectR$183.33 (originalR$100 bet, plusR$83.33 in winnings).
    This means that if both teams score 9 or more combined runs the result counts as Over. If less than 9 runs are scored, the result counts as Under. With odds of -110, you have to betR$110 on either team to winR$100 in profit. In this case, the payout (odds) for both the Over (O) and the Under (U) is the same: -110.
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                    Last updated 1/2018