Definition from Wiktionary, the free dictionary
- Having a chance of winning that is better than even
- In which the amount won on a bet is less than the amount staked
2015 May 25, Daniel Taylor, “Norwich reach Premier League after early blitz sees off Middlesbrough”, The Guardian (London):
- The trophy had barely been lifted before the first press release went out from the bookmakers announcing Norwich as odds-on to go down next season.