Match odds refer to the betting odds assigned to a specific sporting event, indicating the likelihood of various outcomes, such as a win, loss, or draw. These odds are determined by bookmakers based on factors like team performance, player statistics, and external conditions. They serve as a guide for bettors, helping them assess potential returns on their wagers. Understanding match odds is crucial for making informed betting decisions, as they reflect both the perceived probability of an outcome and the potential payout associated with it.