Definitions for odds-on
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Random House Webster's College Dictionary
odds′-on′(adj.)
being the one more or most likely to attain or achieve something:
the odds-on favorite.
Origin of odds-on:
1885–90
Princeton's WordNet
odds-on(adj)
having a better than even chance of success
"the odds-on favorite"
Wiktionary
odds-on(Adjective)
Having a chance of winning that is better than even
odds-on(Adjective)
In which the amount won on a bet is less than the amount staked
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"odds-on." Definitions.net. STANDS4 LLC, 2013. Web. 19 May 2013. <http://www.definitions.net/definition/odds-on>.