Dec 21, 2019 / by Winer PR / In Uncategorized / Comments Off on UNDERSTANDING ODDS

UNDERSTANDING ODDS

The odds listed from the race program are the”morning line” odds. These are the odds placed on the horses by the track’s handicapper once the race program is printed, until the wagering begins. At the track, the odds will be published on the tote board before the race; they switch up until post time, depending on how customers are betting on every horse in the race.
The horse which clients have bet the most money on is known as the”favorite”. This horse will have the smallest odds.
Even the”longshots” have the least amount of money wagered on these and therefore have the highest odds. The racetrack manages the money, keeps a percentage (known as a”take-out”) and calculates the horses’ odds based on the quantity of money wagered on each horse. The rest of the money is then paid back to the gamers that have winning tickets.
Win odds on the tote board have been displayed based on $1.00 unless otherwise noted. A”3″ displayed alongside a horse’s number indicates that the horse is 3-1. An example of an exception to this general rule is when”5/2″ has been shown. The tote board doesn’t reveal decimals, therefore, 5/2 chances means that the odds on a horse are 5 divided by two, or 2.5-1. Acquire payoffs are calculated based on a $2.00 wager because at most monitors this is the minimum bet. Example #1: A horse which wins 5-1 will return $5.00 for every $1.00 wagered. If you had placed the minimum bet of $2 on that horse to win, your payoff will be$10 (5 x 1 x $2) + your original wager of $2 — for a total of $12.
Hint #2: A horse that wins at 9-2 will return $4.50 for every $1.00 wagered. If you had put 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.
Generally, payoffs are as follows, according to a $2 wager:

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