# What Does It Mean If the Odds Are -140?

What does it mean if the odds are -140 that your next poker game will end in a loss?

Or perhaps more importantly: What does it mean if the opposite is true?

Before answering that question, let’s discuss some poker terminology.

## The Basics

To begin with, let’s define a few terms that will be used throughout this article. When playing poker, there are a lot of variables that one has to consider to ensure victory. However, there are some terms that are essential in understanding why your cards don’t value as highly as you think they should.

Firstly, there are the concepts of “odds” and “benefits”. The former are the probabilities of an event occurring. For example, the odds of drawing a queen in the next card are 1 in 13. The benefits of drawing a queen are that you get to replace one of your cards with a much stronger one, or at least that’s what you might think. The truth is that the king gives you no benefits at all in this case. It is purely a matter of chance that you drew a queen.

The concept of “expected value” is related to odds and benefits. When you put all the odds together and multiply them by the benefits, you get your expected value. For example, given the probabilities of drawing a Queen and King as well as the benefits of each, the expected value of drawing a Queen is 13 X 2, or 26. The expected value of drawing a King is 0, since there are no benefits to be gained from drawing one.

Let’s return to our topic at hand: what does it mean if the odds are -140 that your next poker game will end in a loss? It means that the probability of you losing is 140%. Alternatively, it could mean that the probability of you winning is only 6.25%. That would be extremely profitable! To put it into perspective: That’s a 22.5% chance of winning for each \$100 you spend on poker chips. Not bad, huh?