What are good odds in horse racing?

Answer 1

Traditionally odds is a measure of the likelihood OS something occurring. However in horse racing it measures what your payoff will be if your bet wins.

Fractional odds are what most of us are familiar with. If a horse is quoted at 4/1 then for every dollar you bet you win four dollars.

Decimal odds indicate what your payoff will be if your bet wins, including your bet. For example if a horse is quoted at 5.00 then you will be paid five dollars for every dollar bet. In decimal odds, a price of 5.00 is the same as the fractional odds of 4/1.

Moneyline odds indicate what your payoff will be in relation to a $100 bet. For example if the odds are 4/1 then the moneyline odds will be displayed as $400. If the odds are 1/4 then the moneyline odds will be displayed as negative $400.

Fractional odds 4/1 = Decimal odds 5.00 = Moneyline odds $400

Fractional odds 1/4 = Decimal odds 1.25 = Moneyline ofdds -$400

Answer 2

It means out of fifty races, the horse should only win one, it's like if you have a jar full of fifty pennies, and one nickel, your chances would be fifty to one that you would just pull out the nickel.

Not strictly right. The odds are set by the distribution of the money wagered on any given race. After the track and the taxman take their cut of the total money wagered, what remains is the win pool. If one hundred betters wager 2 bucks each and the track and taxman take 20%, that leaves 160$ to pay off the winners. If ten bettors have picked the winner, they get16 bucks each. Note that 2 dollars of the 16 is their own 2 bucks coming back.

Answer 3

That depends. Odds might be considered good when they exceed the actual probablity of the horse winning the race. If a horse has a 50% chance of winner a race, then 1-1 odds would be fair and 2-1 would be good.

Answer 4

Odds at the track. For example if a horse goes off at 20 to 1, for every dollar you bet your earn $20. So if this horse comes in 1st and you bet two dollars you win $40.

The higher the odds the more money you win but that's usually for a long shot. For a favorite if the horse goes off at 3 to 1, for every dollar you bet you win $3.

Higher the odds the odds the lower your chance at winning. The lower the odds, those horses usually win, place or show but you will earn less per dollar you bet.

Answer 5

The wagers are bets you can place on certain horses. If a horse has a payout of 1/10 that means if you bet/wager 1 dollar and the horse wins you will get 10 dollars.

Answer 6

5/2