Gambling chances refer to the possibility of winning or losing a bet in a game of chance. There are several synonyms that describe gambling chances, such as odds, probability, possibility, opportunity, likelihood, and potential. The odds of winning or losing in a game of chance can be expressed as a ratio, for example, 2:1 odds means that there are two chances of winning for every one chance of losing. The probability of winning a bet is the chance of winning expressed as a percentage. The use of synonyms for gambling chances allows for clearer communication about the chances of winning or losing in a game of chance.