Horse racing odds are essentially the return you can expect on your investment if your wager is successful, the odds or the payout reflecting to some degree the percentage chance your horse has of winning the race.
Types of Horse Racing Wagers (and Your Chances of Winning)Bet TypeYour Chances of WinningSuggested Plays (Based upon a $100 Bankroll)ShowVery good$6 per horsePlaceGood$5 per horseWinAverage$4 per horseQuinellaAverage$2 quinella box using three horses costs $6
An Each Way (EW, E/W) bet is essentially two separate bets: one for the horse to win, the other for the horse to place in any of the place positions offered in that race. … So if you place £5 each way, you’ll be placing £5 on the win and £5 on the place, a total of £10.
The tote board does not show decimals, therefore, 5/2 odds means that the odds on a horse are 5 divided by 2, or 2.5-1. Win payoffs are calculated based on a $2.00 wager because at most tracks this is the minimum bet. Example #1: A horse that wins at 5-1 will return $5.00 for every $1.00 wagered.
Standard Win Bets and PayoutsOdds$ Payout$2 Payout1/1$4.00$10.006/5$4.40$11.007/5$4.80$12.003/2$5.00$14.00
This means that out of 4 possible outcomes, odds are that there will be 1 of one kind of outcome and 3 of another kind of outcome. For every 4, odds are that 1 will be a particular event and 3 will be another event.
If you bet $2 to win on each of those horses in every race you will have bet a total of $10. … You will need to win 2 out of 5 races to show a profit. By being right 40% of the time you can make money betting on 2:1 shots at the racetrack. Of course things don’t always line up that simply in the real world.
Take a look at our beginner’s guide to winning at horse racing to put yourself on the right path!
We, can sum up, then’ a few rules about each-way betting. The longer the each-way price, the better it is for the bookmaker. … Bet for a win if your winners are usually at 4/1 or longer. If you want to play safe’ it might be wiser to bet two horses for a win in the race, rather than bet each-way.
Win: £5 at 20/1 pays £105 (£5 x 20 = £100 plus your £5 stake back). Place: A fifth of 20/1 is 4/1 (20 divided by 5) so the place part of the bet is paid as £5 at 4/1 = £25 (£5 x 4 = £20 plus your £5 stake back). Total Returns: WIN plus PLACE = £105 plus £25 = £130.
A bad each way race is where there is an odds on favourite and the other horses in the race (usually 2nd or 3rd Favourite) would still be profitable for the bunter if the horse is placed. For Example A 5 horse race where the Favourite is 4/9, the 2nd fav may be 8/1.
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.
“What does 7 to 5 odds mean?” Here we will tell you what 7 to 5 odds mean, what 7 to 5 probability means, and show you what a 7 to 5 odds payout would be. 7 to 5 odds. This means that out of 12 possible outcomes, odds are that there will be 7 of one kind of outcome and 5 of another kind of outcome.