What does odds of 165/1 mean? If you were to bet $10 on 165/1 odds you would receive $1650.00 in profit if this outcome won. The implied win probability of 165/1 odds is 0.60%. If you'd like to see the implied win probability of other odds values you can check our Moneyline Converter.

The term bet  can be used in a few different ways, but generally means "agreed" or "okay". For example, if someone says "Wanna grab lunch later?" and the other person responds "Bet", it means they agree to the plan. Bet" can also be used as a response to confirm that a statement is true.