Simply, in this case, if you bet $1 on a horse to win, and the horse does win, then you will get $6 back. Further, if you bet $2, you will get $12 back. $5 will get you $30, etc...
You will also get back the money you wagered. SO, if you bet $2 and win at 6 to 1 you will receive $14 (your $2 plus your winnings of $12),
No, because that is odds-on.
It means a horse that is not likely to win, or that the odds are stacked against him.
A horse at 1:1, or even odds, means that for every $2 dollars you bet you will receive $4.
In horse racing the odds are determined by the bets placed. Betting stops when the race starts. These determine the final odds.
It means that the odds are 4 to 1 against winning. This would translate into a 20% chance of winning.
Sky racing is horse racing and some tips include following the odds of the specific horse, and looking for the best bets. The sky horse history and the owner's track record can also be useful tools for knowing where to bet one's money.
Have a look at the related link for information on horse racing betting
In horse racing in Australia and New Zealand, TAB is an acronym that stands for Totalisator Agency Board. Totalisator refers to the large tote boards that calculate and display the betting odds at racetracks.
ML stands for Morning Line. It mean the "line" or predicted odds for the horses in the race. Actual odds are determined by the amount actually bet on each horse. The track handicapper sets the morning line.
An exacta is a type of bet where you pick the horses who will finish first and second, in that order ("exact").
If the odds of a horse winning a horse race are 2 to 7 then the odds against that horse winning the race are 7 to 2.
If you are a better handicapper then everyone else, then yes you can make money but the odds are against you.