How do you work out a racing bet?

How do you calculate race winnings?

Your payout is calculated by subtracting the amount of winning dollars from the total pool, then dividing the remaining pool by the amount of cash bet on the winner, and finally adding back in the winning bet amount.

How do you work out horse racing bets?

The amount paid out is normally calculated in the following way:

  1. Dividing your total stake by the number of horses included in the dead heat.
  2. Multiplying that figure by the odds at which the bet was placed.

How do race bets work?

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.

How are horse race payouts calculated?

How do you calculate the expected payout for a Win Bet? Win payouts are based on a $2 wager. Multiply the Tote-Board odds times $2 and then add the $2 wager back. For example, #8 is (7-1), so 7 x $2 = $14, Add $2 = $16 payout.

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What does 20 to 1 odds pay?

Reading the Win Odds

For example, 6-5 means you will get $6 in profit for every $5 you wager, while 20-1 means you get $20 in profit for every $1 you wager. In the latter example, a bet of $2 means you would get $42 back for a winning wager.

How much does 5’2 odds pay?

Odds with $2 Minimum Payoff for Horse Racing

Odds $2 Payoff
8/5 $5.20
9/5 $5.60
2/1 $6.00
5/2 $7.00

What are 11 to 2 odds?

As an example, 11-2 odds means you would receive $11 for every $2 invested. In addition, you get your original bet back.

What does a 10 3 bet mean?

Decimal odds allow you to calculate how much money you will be returned should your bet win. … For example, if your bet is placed at odds of 4.3333333 (this is 10/3 in fractional), a £/€ 10 bet would return £/€ 43.33 if it wins, but your odds would show as 4.33.

What does 9 2 odds mean in horse racing?

When odds are shown in the traditional fractions, i.e. 4-1 or 9-2, it shows the amount of profit there is to be gained versus the 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.

What do the odds 5 2 mean?

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.

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What does 6 to 1 odds pay?

A fractional listing of 6/1 (six-to-one) odds would mean that you win $6 against every $1 you wager, in addition to receiving your dollar back (i.e., the amount you wagered).