This document defines key terms used to estimate risk and potential for disease prevention. It discusses probability, risk, and odds, and how they differ. It then describes three main ways to estimate risk: absolute risk, relative risk, and odds ratio. Absolute risk is the probability of an outcome in a population without comparison. Relative risk compares risks between groups, such as exposed vs unexposed. Odds ratio specifically estimates the association between an exposure and outcome using case-control study designs. The document provides examples and interpretations for each term to demonstrate how to calculate and understand risk estimation.