What does 3 to 5 odds mean in horse racing

what does 3 to 5 odds mean in horse racing

So you get to the race-track and you are eager to bet on the horse race. The numbers keep changing every so-often, but you don't know what they mean. 1- 9 1- 5 2- 5 1-2 3 - 5 4- 5 1-1 6- 5 7- 5 3 -2 Example: Lets take the odds 1- 5 with a $2 bet.
Although it won't tell you how much the horse will pay, it does show the amount For example, 3 - 5 odds means that for every you wager, you'll win.
How to read a tote board at a horse racing volochek.infotanding odds, Nickel ( 5 ¢) three horses and $100 is bet on Horse A winning, $300 is bet on Horse B These odds do not represent the probability of a particular horse winning, but the This means if you make a win wager of $2, your payout will always be least. Those who want to know more should read this article. Baltimore: The Johns Hopkins University Press. Payoffs use the actual odds and are rounded down to the nearest nickel or dime depending on the rules at that track. Divide that figure by the amount bet on your horse to get the exact odds. Calculating trifecta and superfecta wheels follows the same formula as the exacta bet. Favorite California Chrome faces test from Arrogate, Frosted. With a WHEEL bet, the cost is kept down but you need to decide which horses you like in certain positions.
what does 3 to 5 odds mean in horse racing

What does 3 to 5 odds mean in horse racing -

Do you know how to read the toteboard? Main article: Even money Main article: Mathematics of bookmaking. Conversely, the odds against is the opposite ratio. In statistics, odds are an expression of relative probabilities, generally quoted as the odds in favor. The first step in determining what a specific bet will cost is to know the minimum amount required for each bet. You will appreciate it is not affordable for bookmakers to pay out on all four places in a four runner race! You can bet from your home computer, mobile or tablet at Bet US Racing.