Определение и Значение "short odds"

What are "short odds"?

Short odds refer to a betting situation where the likelihood of a particular outcome happening is high, meaning the potential payout is low. When a bet has short odds, it means the event is considered very likely to occur, and as a result, the winnings are relatively small. For example, in sports betting, a team that is favored to win will have short odds, offering a smaller payout for a successful bet. Short odds are less risky but also provide lower rewards compared to long odds.