What are good odds in horse racing?
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