Definition: Odds of less than even money, such as 4-5, so the win pay-off will be less than $4.
Examples:
Secretariat was the odds-on favorite in most of his races.
Odds-On
By Cindy Pierson Dulay, About.com Guide
Suggested Reading
Elsewhere on the Web
Explore Horse Racing
Must Reads
Most Popular
Also from About.com:
©2013 About.com. All rights reserved.