Betting chances (4)

I believe the answer is:

odds

'betting chances' is the definition.
(I've seen this in another clue)

This is all the clue.

(Other definitions for odds that I've seen before include "Betting ratio" , "Estimate of likelihood" , "Starting price" , "Variance" , "Ratios set by bookies" .)

I've seen this clue in the Evening Standard, the Sydney Morning Herald, The Independent, The Daily Mail and The Mirror.

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