Could anyone explain to me in detail or in layman terms what "odds on favorite" means?
2007-07-06 14:05:31 · 6 answers · asked by BoxSuit 1 in Education & Reference ➔ Words & Wordplay
It doesn't just mean the most likely to win -- that would be covered by "favorite." It means that they are more likely to win than not . That is, the odds are better than one to one (greater than 50%).
2007-07-06 14:14:46 · answer #1 · answered by Ranto 7 · 1⤊ 0⤋
"Odds-on favorite" means more likely to win than not.
If your horse is 5-1, the track will pay you $5 for every $1 you bet (plus giving your original dollar back for a total of $6).
If the horse is an odds-on favorite, then it's odds are something like 3-5, which means the track will pay you $3 for every $5 dollars you wager (plus giving your original $5 back for a total of $8).
In an odd-on favorite, your return is smaller than your bet (not counting getting your bet back).
2007-07-06 14:14:13 · answer #2 · answered by Steve A 7 · 1⤊ 0⤋
Cherry picking is the act of pointing at individual cases or data that seem to confirm a particular position, while ignoring a significant portion of related cases or data that may contradict that position. The term is based on the perceived process of harvesting fruit, such as cherries. The picker would be expected to only select the ripest and healthiest fruits. An observer who only sees the selected fruit may thus wrongly conclude that most, or even all, of the fruit is in such good condition. Cherry picking can be found in many logical fallacies. For example, the "fallacy of anecdotal evidence" tends to overlook large amounts of data in favor of that known personally, while a false dichotomy picks only two options when more are available.
2016-03-13 08:53:55 · answer #3 · answered by Anonymous · 0⤊ 0⤋
odds-on (dzn, -ôn)
adj. Informal
More likely than others to win; having a good chance of success: "I was the odds-on favorite to become the next president of the Ford Motor Company" Lee Iacocca.
2007-07-06 14:09:46 · answer #4 · answered by Anonymous · 0⤊ 0⤋
This Site Might Help You.
RE:
What does the term "odds on favorite" mean?
Could anyone explain to me in detail or in layman terms what "odds on favorite" means?
2015-08-10 13:16:35 · answer #5 · answered by Danyel 1 · 0⤊ 0⤋
For the best answers, search on this site https://shorturl.im/foM4r
Ahh memories, memories!
2016-03-27 02:02:35 · answer #6 · answered by Anonymous · 0⤊ 0⤋