What Do Horse Racing Odds Mean?
When horse racing odds are shown in the form of , , etc, it expresses the amount of profit to the amount invested. A percentage of the pool is withdrawn to be reinvested into racing, and the remaining funds are paid out on the winning wagers. The mutuel payoffs lists — so named because TwinSpires uses the pari-mutuel betting system — are another way of indicating to bettors how much money they will receive.
Unlike the odds format ie , , , as mentioned above , the listed mutuel payoff includes the original investment and not just the amount of profit. Therefore, for a horse at , divide 7 by 4 1. If a bettor wants to know exactly how much money will be returned to them from a successful bet, multiply the mutuel payout by the amount invested, and then divide by two.
Predict the first two horses in a race in the correct order. In the case of the Grand National, punters can bet on the race a year before it is due to be run. In fact, prices are available immediately after the race for the following year's race! This is because bookies want to generate revenue as early as possible, by offering odds that would seem incredible on the day of the race. For example, Aurora's Encore the Grand National winner was available at over to 1 just a few months before the race.
If you take your time to research the trainers, the horses and the races, you can find excellent value by betting ante post. Leading the way in ante post betting is RaceBets. Racebets are the first to put up ante post prices for major events and offer very competitive odds. Alongside the best odds guaranteed standard bonus, Racebets have a Daily Happy Hour, when they are Guaranteed Top Price on every horse in a selected race. For the best in ante post betting, check out RaceBets now.
Best odds guaranteed BOG offers have been around for a while now. At the start, only a few bookies offered them, but everyone's doing it these days!
The 'standard' BOG guarantee applies to both early morning and board prices, so if you can find yourself a winner, the bookmaker will allow you to maximise your profits. If you take either an early morning price or a board price ie the price showing at the time you put your bet on , then you will get that price at the very least. Sometimes horse prices decrease and sometimes they increase, but with this offer, you get the best of both worlds. If you bet at 3 to 1, in the morning or off the board, and the odds decrease to 2 to 1, then you will still be paid out at 3 to 1.
Alternatively, if the odds increase to 5 to 1, then you will be paid out at 5 to 1. It's a great offer for both novice and experienced punters. With the BOG Plus offers, the bookies don't just pay out the Starting Price SP if your horse drifts out after you've placed your bets, they add an additional enhancement on top. Props and underdog odds Live and mobile betting Comprehensive stats Every major sport 5 star support.
Get the best prices Ante Post betting means placing bets before the start of a race, sometimes months in advance. Bet as you watch In-play betting is the most exciting way to bet on your favourite sports. How do betting odds work? How are odds shown? What are the odds of it happening?
Bookmakers odds In bookmakers odds, this would be shown as How much will I win? We've also included a section on different bet types each-way, place and multiple Yankee, Lucky 15 etc Decimal odds Decimal odds are the favoured method of displaying odds on betting exchanges such as betfair.
American odds American sportsbooks have a slightly different way of showing odds, which is known as a moneyline. Percentage odds Percentage odds are an accurate way of showing how likely something is to happen see below. What will I win? Any other combination results in a losing bet. The Superfecta wager is the most difficult of all of the Exotic Wagers and features the highest payout in all of pari-mutuel betting however with fantastically difficult odds to win.
A bettor must successfully pick the top four horses in precise order in order to win. There is no other combination type which would result in a win other than correctly predicting the 1st, 2nd, 3rd and 4th place horses as they finished.
A Pick 3 Wager is when a bettor picks the winner of three races in a row at a track. A Pick 4 is the same yet with a fourth race simply being added. A Key Wager is when a bettor picks one particular horse in an exotic bet to finish in a particular place but is unsure of the finishing places of the other horses around the keyed horse.
Wheeling and Keying are nearly synonymous with each other in many instances at different tracks or online racebooks. For instance, a bettor can pick his top four favorite horses in a Superfecta Box where every combination is picked and he is guaranteed a win provided those four horses take 1st, 2nd, 3rd and 4th place.
Each box combination bet counts as its own wager however as this betting style can be quite costly. You may be wondering how much money you will stand to win off of a successful Straight or Exotic Wager and rightfully you should.
The amount you stand to win is dependent on the amount of bettors and money wagered on the overall race. Straight Wagers will typically have the best odds however with the lowest payouts whereas Exotic Wagers will have difficult odds yet with impressive payouts. Most races will have updated purses listed before the start of a race along with fractional odds in which a bettor can determine how much they may win. All of the different Straight and Exotic Wagers are available at our favorite online racebook, Bovada.
Having been in the business for decades, Bovada has optimized their page with the smoothest page design and betting options over 80 different racetracks across the globe with lines and odds updated and refreshed every second.