likelihood
How likely something is to happen.
impossible
It can NOT happen.
possible
It MIGHT happen. Some possible things are more likely, some are less likely.
certain
It WILL happen for sure.
event
Something that might happen, like "the spinner lands on red".
complementary events
An event and its opposite, like "lands on red" and "does NOT land on red". One of the two will always happen.
more likely / less likely
Words to compare two possible events. "Likely" means it will probably happen. "Unlikely" means it probably will not happen, but it still could.
prediction
A smart guess about what will happen, using what you know.