How do you read horse racing bets?

How do you read a horse bet?

It reflects the amount of money bet on a horse; the more money that is invested, the shorter the odds. 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.

What does 1/2 odds mean in horse racing?

1/2: For every 2 units you stake, you will receive 1 unit if you win (plus your stake). Sometimes you will see Evens or EVS displayed. This is the equivalent of a 1/1 fraction. Again it means the horse in question is expected to win the race.

What is 5/2 odds 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. … If you had placed the minimum bet of $2 on that horse to win, your payoff will be: $10 (5 x 1 x $2) + your original bet of $2 – for a total of $12.

What does 4 to 5 odds mean in horse racing?

Traditional Odds in Online Horse Betting

This is why ‘odds-on’ horses still give you a profit, so if your horse goes off at 4-5 this is basically 0.8 to 1 which is a negative, but you would still return your stake too. So a winning $50 bet at 4-5 would return a total of $90, giving you a profit of $40.

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How do horse bets work?

A win bet means you bet on a specific horse to win the race. A place bet means the horse needs to finish second or first. A show bet means the horse you’re rooting for can place first, second or third. You win based on where the horse actually finishes, with exact selections paying out larger sums.

What is the best way to bet on horse racing?

If you’re comfortably knowing you can play the exotics and hit one with good consistency then bet types such as quinella, trifecta and first fours will be the way to go. There is no set strategy to suggest, but we believe betting to win and place is the best way to ensure consistent profits when betting horse racing.

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 payout. 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 Bets work?

You place a bet on a sporting event and win a set amount of money if the team or player you bet on wins. If the team or player you bet on doesn’t win you lose your bet. … Only a few people are able to make money in the long run betting on sports, but millions of people bet on events every year.

What does M mean in horse racing?

At most major racetracks, the morning-line favorite ends up as the public favorite at post time in more than 70% of races (Source). This doesn’t mean the morning-line favorite wins more than 70%, of course.

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What does PL mean in horse racing?

Profit Line odds represent each horse’s estimated probability of winning based on a rigorous computer study encompassing thousands of races. Profit Line odds incorporate numerous handicapping factors (speed, class, pace, form, weight, distance, surface, trainer, jockey, pedigree, recency, etc.).