In sports betting, odds-against indicate how much profit a bettor can make relative to their stake if their chosen outcome does not happen. For instance, if a team has odds-against of 5 to 1, this means that for every $1 wagered, the bettor could win $5 if that team loses. This reflects the perceived lower probability of that team winning compared to losing.
Odds-Against Example
For example, if a bettor places a $10 wager on a team with 5 to 1 odds-against and the team loses, they would not receive any payout, but they would lose their $10 stake.