You can calculate your own payouts by following this simple formula: (Wager * Odds) + Base Wager = PayoutExample: I've placed a $4 Win wager on a single horse, the odds on the horse are 3/2.. 4 * 3 = 12 12 / 2 = 6 6 + 4 = 10 For the example above, I would be paid out $10.I made a profit of $6.. Other types of wagers will have odds that differ from the Win wagers, and because of this the Odds are simply the way prices and payouts are shown at a horse track. The numbers displayed as 4-7 or 2-5 tell you what you pay and how much you get back if the horse you bet on wins. The first number tells you how much you could win, the second number is the amount you bet. 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 […] Going About the Payout The most important thing about horse racing betting is the payouts, for at the end of the day its not enough to pick the right horse, but also wager on the right horse, meaning that a punter realizes when a horse is short priced or shows a decent price as a favorite and places a wager on that horse in order to collect bigger payouts. Here is an odds payout chart for $2.00 win bets, plus free betting, Click here to plan your bets and payouts using these free calculators… Parlay, Hedge & Margin. Enjoy exciting live horse racing from Florida’s beautiful Gulfstream Park along with commentary and handicapping discussion for better, more successful horse betting. Understanding horse racing betting odds and payoffs is not very difficult once you learn the basics. Since most tracks have a $2 minimum bet, below is a handy chart to look up the payoff for a $2 bet at various odds. Remember, your actual payoff may differ from this chart, You can see that a 2/1 (blue col on the left) is the low recommended “on-top” horse odds, and 6/5 is the low recommended “on-bottom” horse odds. Exacta combinations including horses at odds lower than that are almost always under-laid and pay off less than fair. These payouts should be considered the minimum acceptable. Horse racing betting odds not only provide a picture of how bettors view a particular horse race but can be the basis for effective betting strategies as well. For example, if a horse you believe is the most likely to win the Kentucky Derby is sent off an overlay at 6-1 odds, that’s excellent betting value. If you ever wanted to know what the payouts are based on the odds of a horse, please refer to the chart below. The chart below is the odds to win and what a horse will pay based on a $2 wager. Odds Return Odds Return Odds Return 1-9 $2.20 7-5 $4.80 4-1 $10.00 1-5 […]
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