UNDERSTANDING ODDS
Skrevet av Even Elvenes | 22. november, 2019
The odds listed in the race program are the”morning ” odds. These are the odds placed on the horses from the monitor’s handicapper once the race program is published, until the wagering begins. At the monitor, the odds will be posted on the tote board before the race; they switch up until post time, based on how clients are betting on every horse in the race.
The horse that customers have wager the most money on is called the”favorite”. This horse will have the lowest odds.
Even the”longshots” have the smallest amount of money wagered on these and thus have the highest odds. The racetrack manages the money, keeps a percent (called a”take-out”) and computes the horses’ chances based on the amount of money wagered on each horse. The remaining money is then paid back to the players who have winning tickets.
Win odds on the tote board are displayed based on $1.00 unless otherwise noted. A”3″ exhibited next to a horse’s number indicates that the horse is 3-1. A good instance of an exception to this general rule is when”5/2″ is revealed. The tote board does not show decimals, so, 5/2 odds means the odds on a horse are divided by 2, or 2.5-1. Win payoffs are calculated based on a $2.00 bet because at most monitors this is actually the minimum wager. Hint #1: A horse that wins at 5-1 will yield $5.00 for every $1.00 wagered. In the event that you had put the minimum bet of $2 on that horse to win, your payoff will be: $10 (5 x 1 x $2) + your original bet of $ two — for a total of $12.
Example #2: A horse that wins 9-2 will yield $4.50 for every $1.00 wagered. In the event that you had placed the minimum wager of $2 on this horse to win, your payoff will be$9.00 (4.50 x 1 x $2) + your original wager of $2 — for a total of $11.
Normally, payoffs are as follows, according to a $2 bet:
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