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How are the odds determined on racetrack bets?

Anonymous

∙ 10y ago

Updated: 10/21/2022

In the US, we use the parimutuel system which means that the betters set the odds by the money they bet. The more bet on a horse, the lower the odds. The favorite has the most money bet on him while a longshot is a horse with very little money bet on him.

Wiki User

∙ 10y ago

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