Horse Betting Payouts
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These are the latest Morning Line odds for almost all racetracks worldwide.
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The easiest information on the board is the win odds quoted on each horse. They don't tell you what the horse will pay, but the amount of profit you will get and the amount you have to bet to get it. 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. SHOW (S) bets require that a horse finishes in 1 st, 2 nd, or 3 rd place. I’m going to use the diagram (of the finish of a race) below to answer some common questions on the Win, Place, Show bets. The Tote-Board Win odds are above each horse in parenthesis. How do you calculate the expected payout for a Win Bet? Win payouts are based on a $2. You’re betting on horse races and want to know how much your winning bet will give you. To compute your $2 win price, take the odds of your horse and multiply the first number by 2, divide that by the second number, and then add $2 — simple as that! Following is a list of. Calculating horse betting odds can be tricky, especially when it comes to a pari-mutuel system where the win odds and payouts are constantly changing. For further help understanding bets, check out this guide on how horse betting payouts work, look at win rates displayed at.
Latest Horse Racing Odds
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How to Calculate Betting Odds and Payoffs
Betting on the outcome of horse racing can be fun and profitable and, if you know what you're doing, you might even be able to beat the odds.
The horse racing betting odds for each horse are displayed on a tote board at the track or on the betting ticket online. The basic information on the betting ticket window is the 'odds to win' for each horse. Although it won't tell you how much the horse will pay, it does show the amount of profit you will get if you win and the amount you have to bet to get it. For example, 3-5 odds means that for every $5.00 you wager, you'll win $3.00.
Payouts are determined by how much is in the total pool (all the money bet on all the horses to win) minus the 'take' which is usually between 14%-20% depending on the track. The take varies from state to state and the money is used to pay taxes, purse money for the horsemen, expenses at the track, and the track's profit.
Most tracks require a $2.00 minimum bet, here are the pay-offs for $2 win bets:
Horse Betting Payouts Calculator
| ODDS | ODDS | Payout | ODDS | |
| 1-5 | $2.40 | 8-5 | 6-1 | $14.00 |
| 2-5 | 9-5 | $5.60 | 7-1 | |
| 1-2 | $3.00 | 2-1 | 8-1 | $18.00 |
| 3-5 | 5-2 | $7.00 | 9-1 | |
| 4-5 | $3.60 | 3-1 | 10-1 | $22.00 |
| 1-1 | 7-2 | $9.00 | 15-1 | |
| 6-5 | $4.40 | 4-1 | 20-1 | $42.00 |
| 7-5 | 9-2 | $11.00 | 30-1 | |
| 3-2 | $5.00 | 5-1 | 50-1 | $102.00 |