What does 5 to 2 odds mean in horse racing?

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 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. So if you bet a horse at 4-1 for $5 and it wins, you will return $25 ($5 x 4 + original stake).

What does 3 to 1 odds mean in horse racing?

In betting, odds represent the ratio between the amounts staked by parties to a wager or bet. Thus, odds of 3 to 1 mean the first party (the bookmaker) stakes three times the amount staked by the second party (the bettor).

What are 7 to 2 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 do 9/4 odds mean?

9/4: For every 4 units you stake, you will receive 9 units if you win (plus your stake). If you see fractional odds the other way round – such as 1/4 – this is called odds-on and means the horse in question is a hot favourite to win the race. Again it means the horse in question is expected to win the race.

Are higher odds better?

Odds show how much money you will win, if you bet on an event to happen. The higher the odds are, the more you will win, relative to your stake. The lower the odds for a participant are, the less money you will win.

What are 15 to 1 odds?

This means that out of 16 possible outcomes, odds are that there will be 15 of one kind of outcome and 1 of another kind of outcome. For every 16, odds are that 15 will be a particular event and 1 will be another event.

What is the safest bet in horse racing?

Again, if the horse comes in first or second, you will not win any more money than if the horse finishes third. This is the safest of the straight bets but also offers the smallest return. If you are confident the horse will finish better than third, you would have a larger return placing a Win or Place bet.

How do you bet on a horse successfully?

Here are some simple tactics which may be helpful to a new bettor:

1. Wager on the favorite. The favorite is the horse with the lowest odds or the one on which the most money has been wagered.
2. Purchase a tip sheet or handicapping aid.
3. View the horses.
4. Class.
5. Pace.
6. Trainers and Jockeys.
7. Changes in equipment.
8. Trip.

What are 7 to 4 odds?

For every 11, odds are that 7 will be a particular event and 4 will be another event. There is a 63.64 percent probability of a particular outcome and 36.36 percent probability of another outcome. If you bet 1 on a game with 7 to 4 odds and you win, your total payout will be 2.75 which is your bet plus 1.75 profit.

What do odds 1/3 mean?

This means that out of 4 possible outcomes, odds are that there will be 1 of one kind of outcome and 3 of another kind of outcome. For every 4, odds are that 1 will be a particular event and 3 will be another event.

What does 12 to 1 odds pay?

For every 13, odds are that 12 will be a particular event and 1 will be another event. There is a 92.31 percent probability of a particular outcome and 7.69 percent probability of another outcome. If you bet 1 on a game with 12 to 1 odds and you win, your total payout will be 13.00 which is your bet plus 12.00 profit.

What does 20 to 1 odds pay?

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.