Odds is a term used to describe the LIKELIHOOD of an event occurring. EDGE (4 letters) is a term used to describe a slight ADVANTAGE or superiority. PROBABILITY (11 letters) is the measure of how likely it is that an event will occur. PROSPECT (8 letters) is the POSSIBILITY of something happening in the future. OUTLOOK (7 letters) is the expectation of what will happen in the future. DISPARITY (9 letters) is the DIFFERENCE between two things. HANDICAP (8 letters) is a disadvantage or impediment. ADVANTAGE (9 letters) is a BENEFIT or favorable circumstance. ALLOWANCE (9 letters) is a sum of money given regularly. BENEFIT (7 letters) is an ADVANTAGE or profit gained from something. CONTINGENCY (11 letters) is a potential event or occurrence that may or may not happen. CHANCE (6 letters) is an opportunity or POSSIBILITY. DIFFERENCE (10 letters) is the state of being different. FAVOR (5 letters) is an act of kindness beyond what is due or usual. POSSIBILITY (11 letters) is the potential for something to happen. CHANCES (7 letters) is the LIKELIHOOD of something happening. LIKELIHOOD (10 letters) is the PROBABILITY of something happening. RATIO (5 letters) is the comparison of two or more things.