How do you read horse racing odds?

The numbers displayed as 4-7 or 2-5 tell you what you pay and how much you get back if the horse you bet on wins. The first number tells you how much you could win, the second number is the amount you bet. So, if the odds are listed as 2-1, you'll get $2 for every $1 you bet. Odds are displayed in one of two formats.

What does 30 to 1 odds mean in horse racing?

For example, a $2 wager at odds of 30/1 would return $60 in profits ($2 x 30/1). Add in the return of your original stake, and the return would be $62. Likewise, a $2 bet placed at 10/1 would return $20 plus your initial wager.

What does 8 to 1 odds mean?

8-1 Betting Odds means that out of 9 possible outcomes, the 8/1 odds are that there will be 8 of one kind of outcome and 1 of another kind of outcome. The 8-1 odds calculation means for every 9 betting events your selection should win 1 time and on 8 occasions the selection will not win.

What does 7 to 1 odds mean?

7-1 Betting Odds means that out of 8 possible outcomes, the 7/1 odds are that there will be 7 of one kind of outcome and 1 of another kind of outcome. The 7-1 odds calculation means for every 8 betting events your selection should win 1 time and on 7 occasions the selection will not win.

What does 7 to 5 odds mean?

7-5 Betting Odds means that out of 12 potential outcomes, the 7/5 odds are that there will be 7 of one kind of outcome and 5 of another kind of outcome. The 7-5 odds calculation means for every 12 betting events your selection should win 5 times and on 7 occasions the selection will not win.

Understanding Odds In Horse Racing

What does 40 to 1 odds mean?

If you are betting on a longshot NFL futures bet at odds of 40/1 (these fractional odds convert to +4000 in American odds; decimal odds of 41.00), your implied chance of success is 2%.

What do 8 to 11 odds mean?

8-11 Betting Odds means that out of 19 possible outcomes, the 8/11 odds are that there will be 8 of one kind of outcome and 11 of another kind of outcome. The 8-11 odds calculation means for every 19 betting events your selection should win 11 times and on 8 occasions the selection will not win.

What does 9 to 5 odds mean?

9-5 Betting Odds means that out of 14 potential outcomes, the 9/5 odds are that there will be 9 of one kind of outcome and 5 of another kind of outcome. The 9-5 odds calculation means for every 14 betting events your selection should win 5 times and on 9 occasions the selection will not win.

What does 9 to 1 odds mean?

The 9-1 betting odds probability is a 90.00 per cent probability of a particular outcome and a 10.00 per cent probability of another outcome. The 9/1 odds implied probability means your selection has a 10.00% chance of winning and a 90.00% chance the selection will lose.

What does 9 2 odds mean in horse racing?

Sometimes, when a horse is below the odds of 5 to 1, you might see two numbers with a “-” between them. The odds of 9-2 or 8-5 are typical examples. In the case of 9-2 odds, this means that, for every $2 bet, you would win about $9 and get $11 back (maybe some change, too).

What does 10 to 1 odds mean?

10-1 Betting Odds means that out of 11 possible outcomes, the 10/1 odds are that there will be 10 of one kind of outcome and 1 of another kind of outcome. The 10-1 odds calculation means for every 11 betting events your selection should win 1 time and on 10 occasions the selection will not win.

What is the payout for 10 to 1 odds?

The first number (10) is the amount you'll win from wagering the second number (1). So for every £1 or $1 or €1 you spend, you will win 10 back. For instance, a £1 winning bet at 10/1 will payout £10 (plus your £1 stake is returned).

What does 80 to 1 odds pay kentucky derby?

Rich Strike, a late entrant in the grandest horse race, went off at 80-1 odds. Meaning a $10 Win bet on the Derby winner would've returned $818. He stunned the sports world on Saturday by winning by three-quarters of a length over second-place finisher Epicenter (4-1 favorite).

How do horse racing odds work for dummies?

The numbers displayed as 4-7 or 2-5 tell you what you pay and how much you get back if the horse you bet on wins. The first number tells you how much you could win, the second number is the amount you bet. So, if the odds are listed as 2-1, you'll get $2 for every $1 you bet. Odds are displayed in one of two formats.

Is 20 to 1 odds bad?

The 20-1 betting odds probability is a 95.24 per cent probability of a particular outcome and 4.76 per cent probability of another outcome. The 20/1 odds implied probability means your selection has a 4.76% chance of winning and a 95.24% chance the selection will lose.

What are the best odds on a horse?

The horse that customers have bet the most money on is called the "favourite". This horse will have the lowest odds. The "longshots" have the least amount of money wagered on them and therefore have the highest odds.

Is 12 to 1 odds good?

12 to 1 Implied Probability

The 12-1 betting odds probability is a 92.31 per cent probability of a particular outcome and a 7.69 per cent probability of another outcome. The 12/1 odds implied probability means your selection has a 7.69% chance of winning and a 92.31% chance the selection will lose.

What does 15 1 odds mean in horse racing?

Unlike sports betting, the odds change as it gets closer to the race. So if you put $2 down on a horse at 5-1, but at post time the odds change to 15-1, that is the payout you are going to get. The main wager types are win, place and show, which are are divided into different pools.

What odds are 100 to 1?

The 100/1 odds implied probability means your selection has a 0.99% chance of winning and a 99.01% chance the selection will lose.

What does 8 to 15 odds mean?

8-15 Betting Odds means that out of 23 possible outcomes, the 8/15 odds are that there will be 8 of one kind of outcome and 15 of another kind of outcome. The 8-15 odds calculation means for every 23 betting events your selection should win 15 times and on 8 occasions the selection will not win.

Is a higher or lower number better in odds?

Odds show how much money you will win, if you bet on an event to happen. The higher the odds are, the more you will win, relative to your stake.

How do you bet on horses for beginners?

For a beginner, I recommend sticking with straight wagers. They're simple and cheap. You simply pick one horse to come in first, second, or third. The minimum bet at most tracks for a straight wager is just $2.

What do odds +150 mean?

A moneyline is simply a bet type that only includes Odds, as in “Odds to win”. Example: a moneyline of +150, is just +150 odds ($100 to win $150) for the listed team to win. A moneyline of -150 is just -150 odds ($150 to win $100) for the listed team to win.

What does 12 to 5 odds mean?

12-5 Betting Odds means that out of 17 possible outcomes, the 12/5 odds are that there will be 12 of one kind of outcome and 5 of another kind of outcome. The 12-5 odds calculation means for every 17 betting events your selection should win 5 times and on 12 occasions the selection will not win.

What does +8.5 odds mean?

If it says “Hornets +8.5”, that means that you are betting on the Hornets to either win outright, or at least lose by fewer than 8.5 points. Here's how the results breakdown: If you bet on the Celtics: If they win by 8.5 points or more, you win your bet. If they lose or win by less than 8.5 points, you lose your bet.