In spoken form this is “Four-to-one” and sometimes this can be written as: Odds are just Again it means the horse in question is expected to win the race. Therefore, a wager on his winning would have very low odds ; a wager on his . What this means is that the odds that a bookmaker sets for a wager aren't. On + odds, I would make $ profit off of a winning bet. Ex. If I spend $ on . When I see a whole number alone on an odds sheet, what does it mean?.