Crossword Genius

Chances, probability (4)

Ross

I believe the answer is:

odds

I believe this clue is a double definition.

'chances' is the first definition.
(the odds of something happening)

'probability' is the second definition.
(I know that odds is a type of likelihood)

(Other definitions for odds that I've seen before include "ten to one?" , "The likelihood of something occurring rather than not" , "Scraps" , "Betting ratio" , "(In betting) chances" .)

I've seen this clue in The Sun.
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