Divide the size of your bet by 2, then multiply the result by the payoff. For example, if you bet $2, and your horse paid $7.00 to show, your payoff would be (2 ÷2) X $7.00, or $7.00. If you bet $35 to show on a horse paying $7.00, your payoff would be (35 ÷2) X $7.00, or 17.5 X $7.00, or $122.50.
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Winning payouts are often stated in terms of a $2.00 bet. If a winner pays $5.40 to win and you have a $10.00 win ticket you would get 5 times or $27.00.