How do horse bet payouts work?
How do horse bet 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.
How are horse 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.
How much do you win if your horse wins?
What it means is that you’ll receive $10 in winnings for every dollar you bet on that horse if it wins. So, if you place a standard $2 bet, you will walk off with $22 — $20 in winnings (2 times 10) plus the return of your original $2.
How do you read Win Place Show payouts?
Calculating the Payouts for the Win Place Show Bets
- From that odds ratio, you take the first number and multiply it by 2 (remember, if the odds is a whole number, place that over a 1 – for example, 7 would be 7/1)
- You take that number and divide it by the second number of the odds ratio.
What does 7 to 5 odds mean in horse racing?
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.
How much does 9 2 odds pay?
Example #2: A horse that wins at 9-2 will return $4.50 for every $1.00 wagered. If you had placed the minimum bet of $2 on that horse to win, your payoff will be: $9.00 (4.50 x 1 x $2) + your original bet of $2 – for a total of $11.
How are horse bets calculated?
To calculate the exact odds on your horse, just subtract the take from the total pool, then subtract the amount bet on your horse to give you the amount of cash to be paid out.
What happens if you bet a horse to place and it wins?
If your horse wins the race, you get win, place and show payoffs. If your horse finishes second you receive place and show payouts, and if your horse comes in third, you only get the show payout. This bet is named in reference to the tote board.
How do you read horse racing 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. This means when you bet $2, the total return if the bet is successful is $9.
What are Will pays in horse racing?
For example, in an exacta wheel in a six-horse field, a punter can select one horse to finish first, and cover any of the other runners finishing second. This bet with a $1 wagering unit will cost $5, meaning the punter gets a return provided the horse he selected to finish first is the winner of the race.
