Favourites: Each race has a favourite. This is the horse most likely to win, which is reflected in having the shortest price displayed with betting operators. You will see an F alongside the horse’s odds when they are the favourite.
Winning TAB numbers: TAB number 1 is the most dominant number in trifectas, appearing in 40 per cent of all trifectas. TAB number two is next with 35 per cent, number three with 33 per cent, number four with 31 per cent. The smaller the TAB number the better your chances of getting a successful trifecta collect.
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
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.
A horse priced at even money, is 50% chance to win, so in your $100 stake, you bet $50 on that, and so on. So you don’t bet like this. If you bet equal amounts on all horses, then you will win if the long prised horse wins, but lose if the short priced one wins. … So you don’t back every horse.
If you bet $2 on a horse to Win with 2-1 odds, you’ll more than double your money to $6. In other words, multiply $2 x 2/1 + your $2 initial bet. Third-grade math skills go a long way in adult life. At the track, beginners should place bets at a betting window, manned by a human being.
Standard Win Bets and PayoutsOdds$ Payout$2 Payout1/1$4.00$10.006/5$4.40$11.007/5$4.80$12.003/2$5.00$14.00
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.
In simple terms, this means that favourites are more likely to lose races than to win them. So if you back the favourite on a regular basis, you’ll lose more often than you’ll win over the long term. If you lay the favourite, you stand a better chance of winning more than you lose.
Traditional Odds in Online Horse Betting
So if you bet a horse at 4-1 for $5 and it wins, you will return $25 ($5 x 4 + original stake). Seeing any other number than a 1 means you can simply divide the amounts, so odds of 9-2 are basically 4½ to 1 then the same sums apply.