Transfer odds refer to the betting markets that speculate on the likelihood of a player moving from one club to another during transfer windows. These odds fluctuate based on various factors, including player performance, club interest, and media reports. Fans and bettors often follow these odds closely, as they can provide insights into potential signings and departures in the football world. Bookmakers adjust the odds in real-time, reflecting the dynamic nature of player transfers and the influence of social media and insider information.