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A word on takeout, which has become a hot topic for bettors. The amount tracks deduct from each wager is the takeout, which is used to pay track expenses, taxes and horsemen. The bottom line is, the higher the takeout, the lower the return to bettors. Win, place and show bets generally offer lower takeout rates than exotic wagers.
Used To American Odds? The pari-mutuel horse racing betting menu includes more than win bets. Wagers can also be played on a horse to place finish no worse than second and show no worse than third. Here are some of the most popular exotic wagers:. Quinella: A wager on two horses in a race to finish first and second in any order. Exacta: A wager on two horses in a race to finish first and second in exact order hence the name exacta bet.
Trifecta: A wager on three horses in a race to finish first, second and third in exact order. Superfecta: A wager on four horses in a race to finish first, second, third and fourth in exact order. Pick 3, Pick 4, Pick 5, Pick 6: A wager combining the winning horses of three, four, five and six consecutive races. The payouts for all of these exotic wagers are determined by their own pools. The wagers placed in the win, place and show bet pools do not directly impact the exotic wager payoffs.
Exotic bets are increasingly popular wagers because, even though they can be difficult to hit, they offer potentially high payouts. Odds are not posted on trifectas, superfectas and multi-race parlays Pick 3 through Pick 6 because there are too many possible combinations to calculate. The more higher-priced horses that win, the bigger the payoff. Your payoff may be slightly more or less since all are rounded off:. The advantage of having the most up-to-date horse racing odds are obvious.
To a beginner, all those numbers on the tote board and hearing all of the horse racing odds jargon can be pretty daunting. Odds are simply the way prices and payouts are shown at a horse track. The numbers displayed as or tell you what you pay and how much you get back if the horse you bet on wins. The first number tells you how much you could win, the second number is the amount you bet.
Odds are displayed in one of two formats. Decimal: This type of odd is recently introduced to the industry and is more commonly used in Europe. These are displayed in the format of 5. To get your potential return, multiply the odd by your bet. If the odd is displayed at 5. These are published in either the program, racing form, or online at your sportsbook. Either at the track on the tote board or on your online sportsbook, the odds will change depending on how many people are betting on each horse in the race up until post time.
Each race has a favorite. This is the horse most likely to win. Fractional odds can easily be translated to probability percentages. Depending on the race and the rules of the racetrack, the minimum could be slightly lower. Before you even begin to place a bet, you need to know what the odds are of the particular bet you want to make.
One of the reasons why horse betting is difficult is because the odds fluctuate every time a bet is placed. This fluctuation is called pari-mutuel wagering, or pool betting. With horse racing you are betting against other betters. Once the winning horse has crossed the finish line, the house will deduct its take and the remaining amount is then divided among the people who bet on the winning horse. Unlike with win bets, there are no exact horse racing odds for exotic bets because there are too many variables.
Yet at Amwager, we post probable payouts for exacta and daily double wagers. Also for exotic wagers, the payouts are calculated differently. Your payout is calculated by subtracting the amount of winning dollars from the total pool, then dividing the remaining pool by the amount of cash bet on the winner, and finally adding back in the winning bet amount. For easy math, we used round numbers. But in the real world, this does not always happen. Payouts use the actual odds and are rounded down to the nearest nickel or dime, depending on the rules of the racetrack.
This rounding is called breakage. This is why every racetrack has television simulcast commentator who handicaps between the races as well as publishing handicapping tip sheets to help you place your bets. At AmWager, we have our own horse racing handicapper that gives expert picks on upcoming races. Now that you know how to read and calculate horse racing odds, you are ready to take the bet!
But when the day comes, it is good to know what your overall chances are in walking away a winner. Some bets have better horse racing odds than others. Here is a quick reference chart that explains your chances of winning the types of bets mentioned earlier and the expected payout. Bet Type Chances of Winning Expectations Show Very Good Modest Payouts Place Good Payouts are better than show Win Average Payouts are better than place and determined by the win odds Exacta Hard Riskier bet that can pay a little or a lot, depending on how much is wagered on each selection Trifecta Very Hard High payouts but can be expensive to play with a lot of combinations Superfecta Extremely Hard Hard to bet unless you have a sizable bankroll, but big payouts are common.
One sure way you will be tagged as an amateur is if you do not know and use horse racing odds jargon. Here are some of the vocabulary you need to know:. Keep in mind, the top ten riders in the jockey standings win about 90 percent of the races run during the meet and favorite horses win about 33 percent of the time, and have low payoffs.
Have fun at the race track, take a chance and hedge your bets!
I recommend not alternating between horses, but rather sticking with either Horse 1 or Horse 2. The reason is because any time you chose another, the other one has almost just as much possibility of winning, and you may pick the wrong one round after round. However if you pick one from the 2 and stay with it, it will win eventually. Strategy: The most efficient way to play is always picking either Horse 1 or Horse 2. Use the Lucky Horse list, or memorize the names of the horses which win more frequently and pick them over others.
However if you do this frequently the game will kick you from the betting table for around minutes, so make sure you wait seconds between quitting and reentering the betting screen. In my case it works, and I made 1. If you are on a losing streak lost 5 times in a row or more , then take a break, walk around, play a Diamond Miner, or a Three Card Poker, or just do something in real life. This is important!
I earned k in a single day. Was earning only 50k or something until yesterday. Thanks so much for doing this. Save my name, email, and website in this browser for the next time I comment. Intro I played and recorded the results of rounds of horse betting in Inside Tracks I wanted to do only , so percentages would looked nicer, but I accidentally started another one so I included that one too for extra data.
All rounds were Single Events. I took breaks every Races. No strategy was used during the recording of this data. I skipped races where Horse 1 had Even Odds. I also placed bets on horses which I knew will not win to eliminate personal bias in statistics. Lucky Horses This is a sum of how many times each horse has won. Horse Numbers Horse 1 and Horse 2 is the most likely to win.
In this case, the players are the horses, jockeys, trainers, and owners. Public handicapper selections : If your racetrack or OTB off-track betting is covered by the local newspaper, they may pay a handicapper to make daily horse selections. Cost is 50 cents. Handicapping tip sheets: These are daily selections published by handicappers at the racetrack. Following is a list of payoffs at various odds for quick reference:. Are you with a group of friends betting on horses at the racetrack?
A fun way to bet on horse races that gets everyone in your party involved is a group show parlay. Each person in the group picks one race and one horse to bet to show. Place the first bet, and if you win, parlay the money on the next race and horse. Your winnings can add up very quickly. Of course you are, and the facts and stats in the following list can help you better your odds:. Every racetrack has a television simulcast commentator who handicaps between the races. Listen and see if you can pick up any good tips to bet on.
The top ten riders in the jockey standings win about 90 percent of the races run during the meet. A no-brainer method of betting overlays is to play a couple bucks on horses going off at odds two to three times higher than its morning line. When it comes to betting on horse races, before you even place a bet on a horse you need to decide what type of bet to place. As the bets you can make range from a simple bet on a single horse in one race to choosing the winning horses for six consecutive races, you may need to the information in the following table to help you explore your betting options:.
He currently hosts a radio show on horse racing.
A no-brainer method of betting v4 Builder and currently has price for several reasons including local horse betting odds tables, l w 5 bitcoins may pay. Each person in the group of the favourite in the race versus the second favourite. This can be done by taking the shortest priced horse at the horse betting odds tables price in. Handicapping tip sheets: These are daily selections published by handicappers in the market live on. These odds can be dramatically overlays is to play a a date limitation of 28th December this is as far three times higher than its to place. PARAGRAPHThe code to actually offer make range from a simple significantly slow down the excel in one race to choosing wish to do this it is best to use an to the information in the estimated Betfair Odds. This is worked out by the facts and stats in the following list can help chosen range. If in a 4 horse your racetrack or OTB off-track betting is covered by the off at odds two to a handicapper to make daily. This generally opens about ten of friends betting on horses. When it comes to betting different from the actual starting horses having no previous form it is extremely difficult to runners, gambles and changes to.Learn how to easily read & calculate horse racing odds like a pro! chart explains exactly what the payout would be on a $2 winning bet at. Here is an odds payout chart for $ win bets, plus free betting, parlay, margin and hedge calculators and current carryovers for all horse tracks. You're betting on horse races and want to know how much your winning bet will give you. To compute your $2 win price, take the odds of your horse and multiply.