Understanding Odds. Betting Betting Basics How to place a bet Simple Bets Understanding Odds Understanding Results Responsible Gambling Glossary of betting terms. At the track, the odds will be posted on the tote board before the race; they change up until post time, depending on how customers are betting on each horse in the race.

The horse that customers have bet the most money on is called the "favourite". This horse will have the lowest odds. The SP or a longer price will have been offered by at least half the bookmakers in the sample. The selection of the sample is performed so that the sample size is an even number "wherever practically possible", since otherwise it would not be possible to divide the list into two equal halves.

The principal function of a starting price is to determine returns on those winning bets where fixed odds have not been taken at the time the bet was struck.

Typically, on the day of the race, UK bookmakers offer a choice between placing a bet at SP, or taking a fixed price. Some bookmakers offer best odds guaranteed , meaning that if a punter takes fixed odds on a race when the bet is struck and the SP turns out to be better that is, higher , then if the punter wins, the payout is calculated using the SP.

This is aimed at removing hesitancy among punters prompted by fears of taking what might prove to be a poor that is, low price before the race. In the United Kingdom, the stake on an SP bet is returned if the entry is withdrawn before the race starts. For fixed-odds ante-post bets, the stake is retained by the bookmaker.

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With horse racing odds, the first number the numerator shows how many units you stand to win, and the second number the denominator shows how many units you must risk to win that much.

If the first number is larger than the second number, the net profit of your horse racing bets will be larger than the amount wagered.

This occurs when you bet on heavy public favorites — you stand to win less because everyone is betting on the same horse. If the odds-on favorite wins, the betting pool will be split among many winning tickets, netting everyone a smaller portion of the pool.

Note : Many horse racing betting sites and tracks display the odds as fractions. Also, Racebooks often drop the 1 in odds that represent whole numbers. For example, your horse racing betting site may display 10 or 20 next to horse names to represent and , respectively.

Parimutuel horse racing betting odds fluctuate based on public sentiment. Similarly, horses with few backers pay more because the total wagering pool will be split among fewer winning tickets. The key to successful horse racing betting is learning how to spot the gaps between public sentiment and reality.

To determine the potential winnings of any bet, multiply your intended wager by the fraction represented by the odds. The number you get represents the net profit you will see if your bet is a winner.

All you have to do is multiply your bet by the whole number to find your net profit. For example, horse racing odds of and can be a little tricky. Another way to understand racebook and ADW payout odds is that they show you how much money you stand to win relative to how much you have to risk to win that much.

For example, consider horse betting odds of The morning line odds in horse racing serve as the starting point for betting on every race. A track oddsmaker sets the morning line odds for every race to reflect how he believes the public will bet. After the morning line odds go live, racing fans can view the upcoming race and start to get an idea of which horses will likely emerge as the betting favorites and which will be the longshots.

The morning line odds are usually reflective of the relative strengths of each horse, but the oddsmaker is not handicapping the race. As Ed Burgart, the official morning line maker at Los Alamitos Race Course, once explained :.

My goal as the morning line maker is to predict how the public will wager on a particular race. A good oddsmaker can glance at past performances and determine on which horses the majority of racing fans will wager the most or least amount of money.

Usually, horses with recent high speed indexes and consistent in-the-money finishes will receive much wagering attention. Local horses are usually better supported than horses coming in from other tracks.

In some parts of the world, horse racing wagers are displayed in the decimal odds format. Decimal horse racing betting odds are even easier to read than fractional odds. The decimal format displays exactly how much money you stand to win in relation to your wager.

Multiply your intended stake by the decimal and the result will tell you the total payout including the return of your original wager.

Even money odds in the decimal format are displayed as 2. Likewise, odds of 3. If the odds are less than 2.

Fractional and decimal odds do not perfectly translate. Odds of 5. When betting on horses, the first number represents the money you will win. The second number shows the amount that you must wager to receive the amount of the first number.

Therefore, the bettor wins less money than wagered. When the first number in listed horse racing odds is higher than the second one, the bet will pay more than the amount wagered if it hits. If it is in a pari-mutuel pool, the odds may change depending on the final amount of money bet into the pool.

Winning bets are divided by the amount wagered on winning tickets. The exact payout is unknown until betting closes. In fixed-odds races, the odds are booked by the house and do not change. Pari-mutuel odds are more common than fixed ones. Mike Murphy is the founder of BettingUSA. com and has over 10 years of experience in the legal gambling industry.

A regular attendee of industry trade shows and conferences, Mike is a strong proponent in the idea of a well regulated online betting industry. Subscribe to our newsletter to stay up to date with the latest US betting news and gain access to exclusive bonuses, promotions, and offers.

Skip to content. Gambling Problem? Call GAMBLER Get Bonus. Table of Contents. What do the numbers in horse racing odds mean?

What does it mean when the first number of horse racing odds is lower than the second number? What does it mean when the first number is higher than the second one when betting on horses?

Remsen Stakes winner Dornoch is the favorite in the Fountain of Youth Stakes odds. The Todd Pletcher-trained Locked is in the nine-horse Fountain of Youth Stakes lineup.

Post time for the Fountain of Youth is p. With several accomplished horses set to enter the starting gate on Saturday, you'll want to see what Saratoga Springs-based racing insider and Beyer Speed Figure maker Bob Weir has to say before making any Fountain of Youth Stakes picks.

A member of the Beyer Speed Figure-making team since , Weir is a two-time qualifier for the prestigious National Horseplayers Championship in Las Vegas. Those were just some of his scores from Now, he has handicapped the Fountain of Youth Stakes lineup, made his picks and constructed his bets.

You can head to SportsLine now to see them. One surprise: Weir's top pick is not Dornoch, even though he is the favorite.

He has not raced since Dec. But in that race Dornoch set the pace on a speed-favoring track, and Weir thinks he will encounter a different pace scenario in the Fountain of Youth.

Weir prefers another horse over Dornoch. You can see all of Weir's Fountain of Youth Stakes bets here.

Moreover, Weir is high on a big double-digit longshot who "should get a real pace" on Saturday. Weir's top pick is a horse who will come with a "late run. He's sharing which horses to back only at SportsLine. So who wins the Fountain of Youth Stakes , and what double-digit longshot is a must-back?

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