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likely2
1 probably
(as) likely as not spoken (=very probably) 
As likely as not, the meeting will take place in the village pub.
As likely as not, the meeting will take place in the village pub.2 used to disagree strongly, or to say that something will not happen : 'He said you'd be giving them a lift.' 'Not likely!'
not likely!
spoken especially British English'He said you'd be giving them a lift.' 'Not likely!'
