Odds ratio compares the odds (probability) of something happening in 1 group with the odds of it happening in another. An odds ratio of 1 shows that the odds of the event happening (for example, a person developing a disease or a treatment working) is the same for both groups. An odds ratio of greater than 1 means that the event is more likely in the first group than the second. An odds ratio of less than 1 means that the event is less likely in the first group than in the second group. See also confidence interval, relative risk, risk ratio.
NICE glossary