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## 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:**

- Dividing your total stake by the number of horses included in the dead heat.
- 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.

## 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.

## 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).