From a set of eight marbles, five red and three white,

you choose one at random. What are the odds in favor
of choosing a red marble

5/8 is the probability of choosing red.

That is probabily what they want.

"Odds" (as stated at a horse race, for example), are 3:5. That is the ratio of failure (white) to success (red).

Betting odds are stated in various ways. It is important to state which method is being used.