How Do You Work Out Horse Bets?

Horse race bets are calculated the same as any other bet, by multiplying the stake by the odds. However, horse race bets placed on the Tote are calculated by the total value of the pool split evenly to the winning stakes.

How do I calculate how much I will win on a bet?

To calculate “+” odds, divide the odds by 100 and multiply that product by the amount of the wager. To calculate the payout of a $50 bet on the Buffalo Bills, divide 115/100 and multiply by $50 (1.15*$50=$57.50).

How is a win bet calculated in horse racing?

Horse Betting Win Odds and their Approximate Payoffs
The payoffs on straight win bets are your profit, based on the odds x your stake, plus the return of your stake money. So, a $10 bet on a successful 4-1 shot means you would receive $50 in total – $10 x 4 plus your $10 stake.

What’s 7 2 odds mean?

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. Similarly, if a horse is at even money (ie 1-1), it’s $2 profit for every $2 invested, or a total return of $4.

What do odds of 15 2 mean?

15-2 Betting Odds means that out of 17 possible outcomes, the 15/2 odds are that there will be 15 of one kind of outcome and 2 of another kind of outcome. The 15-2 odds calculation means for every 17 betting events your selection should win 2 times and on 15 occasions the selection will not win.

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.)

How do horse race payouts work?

In its simplest form, horse racing payouts are dictated by $2 win bets. If you make a $2 win bet on a horse that goes off at 2-to-1, you would profit $4 and collect $6 with your returned investment. If you make a $2 win bet on a horse that goes off at 5-to-1, you would profit $10 and collect $12.

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.

What bet wins the most in horse racing?

Trifecta Bet
A trifecta is more difficult than win, place and show wagers, as well as exacta wagers, so it yields a higher payout than any of those bets. These horses must finish first, second, and third, in that exact order, for you to win the wager.

What does 11 to 8 mean in odds?

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 are 9 to 5 odds?

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 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 do odds of 20 to 1 mean?

What does 20 to 1 odds mean? 20-1 Betting Odds means that out of 21 possible outcomes, the 20/1 odds are that there will be 20 of one kind of outcome and 1 of another kind of outcome.

What do odds 10 11 mean?

10-11 Betting Odds means that out of 21 possible outcomes, the 10/11 odds are that there will be 10 of one kind of outcome and 11 of another kind of outcome. The 10-11 odds calculation means for every 21 betting events your selection should win 11 times and on 10 occasions the selection will not win.

What do the odds 13/8 mean?

13-8 Betting Odds means that out of 21 possible outcomes, the 13/8 odds are that there will be 13 of one kind of outcome and 8 of another kind of outcome. The 13-8 odds calculation means for every 21 betting events your selection should win 8 times and on 13 occasions the selection will not win.

What does +8.5 mean in a bet?

By betting on the spread, you wager on whether you think that Team 1 will win by more than 8.5 points (so 9 points or more). Conversely, if you wanted to bet on Team 2 +8.5, you are wagering that Team 2 will either win or only lose by fewer than 8.5 points (so 8 points or fewer).

How do you figure out odds?

Odds = Probability / (1-probability). Odds ratio (OR) = ratio of odds of event occurring in exposed vs. unexposed group.

How do you read a bet?

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.

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.

What happens if you bet on every horse?

If you make a bet on every space on the board you’ll lose money every time. It’s mathematically impossible for you to make money in that way. This is because the odds are set by the house to make sure that – on average – the house wins.

Which bet is easiest to win?

What are the easiest bets to win?

• BTTS: BTTS bet demands the punters to predict if both teams will score a goal or not.
• Over/Under: This bet can work in your favor when you have chosen a smaller figure as reference.
• Double chance bet: In this bet, you win money when any two from the three outcomes are obtained.