Short Odds
This indicates that a selection has a good chance of winning. Short odds will be where you wouldn't receive a large return for your investment. For example a horse at 6/4 would be considered short odds.
Long Odds
This indicates that a selection has a poor chance of winning. If you bet at long odds you will receive a good return on your investment if you are correct. For example, a horse at 50/1 would be considered Long Odds.
For explanations of other terms see our A-Z Guide of Betting Terminology
Now you understand odds its time to move on to How To Use Odds Comparison. At this rate you will be graduating from betting school in no time!