How Do You Read Horse Racing Payouts?

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.

How do you read payout odds?

American odds
For favored bets, the bet odds will start with a negative number and they tell you how much you need to bet to win $100. If the odds are -110, a common number for a bet involving a spread, you would need to bet $110 to win $100. If your odds are -200, you would need to bet $200 to win $100.

How does money work in horse racing?

The purse is paid out to the winner of the race. Most of the money goes to the owner of the horse, but the jockey receives a percentage of the purse, as well as a riding fee, place fee, and salary if they are retained by one owner. The better the performance of the horse, the more a jockey can earn from a race.

Are horse race payouts based of $2?

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.

What do the odds 8 5 mean?

8-5 Betting Odds means that out of 13 possible outcomes, the 8/5 odds are that there will be 8 of one kind of outcome and 5 of another kind of outcome. The 8-5 odds calculation means for every 13 betting events your selection should win 5 times and on 8 occasions the selection will not win.

Whats +400 odds mean?

This means that if you risk $100, you would profit $195 if they win. The Redskins are even heavier underdogs and are +400 on the moneyline. This means if you bet $100 you would profit $400.

What does +2.5 mean on odds?

A +2.5 spread means the underdog will need to win outright or lose by 1 or 2 points to cover. Similar to what we explained in the previous section, a spread of +2.5 in football and basketball indicates a matchup of two fairly evenly matched squads. Example: Milwaukee Bucks +2.5.

How do you read a horse bet?

In a win/place bet, you’re betting your horse to win AND place. If he wins, you collect both the win and place money. If he finishes second, you collect just the place money. In a place/show bet, you’re betting that your horse will place and show.

What is the most profitable bet in horse racing?

The Accumulator and other multiple horse bets (pick 6) are the most profitable horse racing bets and the riskiest. To win an Accumulator bet, you have to correctly forecast the winner of six races before the start of the first race.

How is racehorse prize money split?

Typically, the first-placed horse will get around 60% to 70% of the total purse while the second-placed horse will receive a percentage of the purse money that goes between 15% and 20%. The rest of the purse money will be split among the remaining horses, according to their finishing position.

How much money would you win if you bet $100?

A winning $100 stake could win up to $150 in profit, for a total payout of $250. At +250 odds, a pick is a definite underdog. A $100 wager stands to win $250 in profits, for a total payout of $350.

How do you read horse racing stats?

Adjacent to the jockey’s name you will find his statistics in parenthesis. The first number is the Jockey’s total number of starts for the meet, followed by first, second, and third-place finishes. The final number in parenthesis is the jockey’s win percentage.

What is a $1 double in horse racing?

Nowadays, doubles are offered on all consecutive two-race sequences. The minimum wager on a double is $1. In a double, you are not limited to using just one horse in a race. You have the option to use multiple horses in each race, albeit at a higher cost.

What does 7 to 5 odds mean in horse racing?

7 to 5 odds payout
If you wager a bet on a 7/5 betting odds selection and you win, your total payout will be 2.4 which is your stake back plus 1.4 profit.

What are 11 to 4 odds?

11-4 Betting Odds means that out of 15 possible outcomes, the 11/4 odds are that there will be 11 of one kind of outcome and 4 of another kind of outcome. The 11-4 odds calculation means for every 15 betting events your selection should win 4 times and on 11 occasions the selection will not win.

What does 9 to 2 odds mean in horse racing?

What does 9 to 2 odds mean? 9-2 Betting Odds means that out of 11 possible outcomes, the 9/2 odds are that there will be 9 of one kind of outcome and 2 of another kind of outcome. The 9-2 odds calculation means for every 11 betting events your selection should win 2 times and on 9 occasions the selection will not win.

What does +600 mean in a bet?

What does +600 mean in betting: If a team you are looking to bet on has odds at +600 this means they are big underdogs. But, a $100 bet on them would return $600 for the risk of taking a team 6/1.

What does +2000 mean on a bet?

If the odds are minus (–), then that amount of money must be wagered to win $100. (e.g. –150 means you must bet $150 to win $100.) If the odds are plus (+), that amount of money would be earned on a successful $100 wager. (e.g. +150 means you make $150 on a $100 wager.)

What does plus 5000 odds mean?

Higher numbers like +400, +500, +5000, etc. represent how much of an underdog the team is in the game. The higher the number the more likely the team is expected to lose in the eyes of the oddsmakers. The number also indicates how much money would win in comparison to every $100 you wager.

What does under 3.5 odds mean?

Betting under 3.5 goals means a player predicts that the total goals scored will be 3 or fewer goals. If the game ends in a draw or both teams score 4 or more goals, then the bet is lost.

What does +3 spread mean?

The point spread is the expected final score difference between two teams. It is represented as both a negative and positive number; if the spread is 3 points, you’ll see that as both -3 and +3. The team that is the favorite to win gets the minus-number (-3); the underdog gets the plus-number (+3).