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dollars to doughnuts 

A Comparison of something with worth to something without. Originated in ages past when doughnuts were extremely cheap. Chiefly used as a comparison for odds purposes as in the example.
Party A Betting "100 dollars to doughnuts" against Party B would pay a winning party B 100 Dollars, versus 100 doughnuts (vastly cheaper than one hundred dollars) paid to a winning Party A.
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Dollars to doughnuts 

used to bring/call/draw attention to one's confidence.
"I'd bet dollars to doughnuts he's a medical student"
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