How do you calculate odds in horse racing?

To calculate the exact odds on your horse, just subtract the take from the total pool, then subtract the amount bet on your horse to give you the amount of cash to be paid out.

What does 9 2 odds mean in horse racing?

Example #2: A horse that wins at 9-2 will return $4.50 for every $1.00 wagered. If you had placed the minimum bet of $2 on that horse to win, your payoff will be: $9.00 (4.50 x 1 x $2) + your original bet of $2 – for a total of $11.

What does 1/2 odds mean in horse racing?

1/2: For every 2 units you stake, you will receive 1 unit if you win (plus your stake). Sometimes you will see Evens or EVS displayed. This is the equivalent of a 1/1 fraction. Again it means the horse in question is expected to win the race.

How do you calculate odds of winning?

To calculate winnings on fractional odds, multiply your bet by the top number (numerator), then divide the result by the bottom (denominator). So a $10 bet at 5/2 odds is (10 * 5) / 2, which equals $25. A $10 bet at 2/5 odds is (10 * 2) / 5, which is $4.

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What does 4/5 mean in horse racing odds?

Traditional Odds in Online Horse Betting

This is why ‘odds-on’ horses still give you a profit, so if your horse goes off at 4-5 this is basically 0.8 to 1 which is a negative, but you would still return your stake too. So a winning $50 bet at 4-5 would return a total of $90, giving you a profit of $40.

What does 1 to 5 odds pay?

Odds with $2 Minimum Payoff for Horse Racing

Odds $2 Payoff
1/5 $2.40
2/5 $2.80
1/2 $3.00
3/5 $3.20

What are 11 to 4 odds?

Common Betting Odds Conversion Table

Fractional American Implied Prob
12/5 240 29.41%
11/4 275 26.67%
14/5 280 26.32%
7/2 350 22.22%

What does 12 to 1 odds pay?

Conversion Table for common Odds

UK EU Bet
11/1 12.00 $100
12/1 13.00 $100
13/1 14.00 $100
14/1 15.00 $100

What does 15 to 1 odds pay?

The odds and what they mean

Odds Payoff range
10-1 $22.00-$23.90
15-1 $32.00-$33.90
20-1 $42.00-$43.90
30-1 $62.00-$63.90

What are good horse odds?

Odds with $2 Minimum Payoff for Horse Racing

Odds $2 Payoff
1/9 $2.20
1/5 $2.40
2/5 $2.80
1/2 $3.00

How do I win a bet every time?

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How do you convert odds to percentage?

The general formula for turning decimal odds to probability is this: 100/odds. If a team’s odds of winning are 5.00, their estimated chance of winning is 20%.

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What does it mean 4 to 5 odds?

So, for example, a $10 win bet on a 4-5 favorite returns $18 (5 x $2 (the base unit)=$10, the amount of the original bet, plus 4 x $2=$8). Essentially, the example above is showing that a winning bettor will receive a return of four units on every five wagered.

What are 7 5 odds?

Standard Win Bets and Payouts

Odds $ Payout Odds
4/5 $3.60 12/1
1/1 $4.00 13/1
6/5 $4.40 14/1
7/5 $4.80 15/1

What are 7 to 2 odds?

When horse racing odds are shown in the form of 7-2, 5-1, etc, it expresses the amount of profit to the amount invested. So odds of 7-2 mean that for every $2 invested, the punter gets $7 profit in return. This means when you bet $2, the total return if the bet is successful is $9.