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The bookie has indicated that it could close up to outlets, with the number of closures ultimately dependent on how gamblers change their habits. William Hill is making progress in fulfilling its American ambitions. Since legislation banning sports betting was overturned in May, six states have legalised this form of gambling, and William Hill is present in all six. Sign in Register. Join our community of smart investors Subscribe. Investment Ideas. A non-cash impairment on the UK retail business wiped out full-year profits.

Sports betting odds explained horse betting previews

Sports betting odds explained horse

Get our Breeders' Cup Picks and Odds. Betting on horse racing can be very intimidating to people that don't understand how it all works and what all the numbers mean, but once you learn the basics of understanding horse racing odds it really couldn't be simpler. If anything, it may even be easier than other forms of sports betting to understand because of the transparency - you know exactly how much is being bet on each horse at any time, so you can easily spot trends and opportunities.

The first thing you need to know is how to read the prices. Horse racing odds are presented in two different ways at the track depending on where you look. Just as in other sports, that means that you would make a profit of six dollars for every dollar bet. People often get confused and that think that the total payout would be six dollars, but you get your initial bet back as well. You also need to remember that the minimum bet at any track is two dollars, so your profit will be at least twice the listed odds.

These are the odds that are listed on the big tote board in the middle of the track as well as in other places depending upon the track. It's important to remember here that the listed prices aren't profit, but that they also include the two dollars you have bet.

If you are more comfortable with straight odds then converting the posted prices is simple. It takes just three steps to get the approximate odds - drop the cents, subtract two dollars and divide by two. The prices on the tote board will change for the last time soon after the race starts to reflect the last second bets, and that final price is the payout you are guaranteed if your horse wins.

People who aren't familiar with the tote board will often look for where the payouts are listed for place and show bets. They are very difficult to find because, well, they aren't there. It's impossible to determine what the place and show prices will be until you know what three horses end up in the money.

This is converted into odds of 2. To avoid using decimals, the odds are either rounded or multiplied until you reach whole numbers, so in this example the win odds would be written as So, the final odds for betting on horse No. At horse racing tracks the win rate and payout information is easily available on the tote board, which is usually visible from nearly any part of the track. Show: You bet on the horse you think will finish third and win if the horse finishes first, second, or third.

Exacta: You bet on which horses you think will come in first and second and to win, you must get them in the correct order. Trifecta: You bet on which horses you think will come in first, second, and third in that exact order. Superfecta: You bet on which horses you think will come first, second, third, and fourth in exact order.

Boxed bets: You can pay extra when placing an exacta, trifecta, or superfecta bet to wager on horses to finish in the top two, three, or four in any order. Calculating horse betting odds can be tricky, especially when it comes to a pari-mutuel system where the win odds and payouts are constantly changing. For further help understanding bets, check out this guide on how horse betting payouts work , look at win rates displayed at race tracks, and use online odds calculators. Betting on a Mild Upset in Withers Stakes.

Get to Know All 13 U. Triple Crown Winners. Stay up-to-date with the best from America's Best Racing! Fans analyze a race while preparing to make a bet. Penelope P. What is pari-mutuel betting? Horse racing in the U. Courtesy MyWinners.

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At horse racing tracks the win rate and payout information is easily available on the tote board, which is usually visible from nearly any part of the track. Show: You bet on the horse you think will finish third and win if the horse finishes first, second, or third. Exacta: You bet on which horses you think will come in first and second and to win, you must get them in the correct order. Trifecta: You bet on which horses you think will come in first, second, and third in that exact order.

Superfecta: You bet on which horses you think will come first, second, third, and fourth in exact order. Boxed bets: You can pay extra when placing an exacta, trifecta, or superfecta bet to wager on horses to finish in the top two, three, or four in any order. Calculating horse betting odds can be tricky, especially when it comes to a pari-mutuel system where the win odds and payouts are constantly changing. For further help understanding bets, check out this guide on how horse betting payouts work , look at win rates displayed at race tracks, and use online odds calculators.

Betting on a Mild Upset in Withers Stakes. Get to Know All 13 U. Triple Crown Winners. Stay up-to-date with the best from America's Best Racing! Fans analyze a race while preparing to make a bet. Penelope P.

What is pari-mutuel betting? Horse racing in the U. Courtesy MyWinners. Horses on-track Courtesy MyWinners. Related News. Davis Share. Treble — A single bet on three different selections in three different races. All three selections must win for your bet to be a winner. Accumulator — a bet made up of four or more selections in one bet. All of the selections must win for your bet to be successful. Trixie — Four bets made up of three doubles and a treble.

You need to make three selections to place this bet. Yankee — This is a bet that requires you to make 4 selections, which will go into 11 separate bets. Six doubles, four trebles, and one four-fold accumulator. Looking back on our imaginary horse race above, you will see there that we used fixed odds. This means that those are the odds that you will be paid out if your selection wins.

Punters often refer to this as beating the price. There are a number of factors that can affect this kind of movement from something the trainer may say in a pre-race interview to an increase in people betting on that particular horse. Keep an eye out for the odds moving and try to place your bet at the best odds available to you. Save my name, email, and website in this browser for the next time I comment. Sign in. Log into your account. Password recovery. Recover your password. Forgot your password?

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Get our Breeders' Cup Picks and Odds.

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Wall street betting A win, place, show payout will depend on the takeout — more on that below — and how accurate your picks are. Sign in. Daily Double — To win this wager, you need to select the winner of two consecutive races. Horse racing in the U. In addition, tracks have a lower takeout rate on win, place, and show betting as compared to exotic wagers like trifectas.
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The former Patriot is a minority owner of Gronkowski, who finished as the runner-up in the Dubai World Cup as a four-year-old. If anyone in this field is going to pull off the upset, my money is on Tacitus. Even casual horse racing bettors will remember the name, as Tacitus finished third in the Kentucky Derby and second in the Belmont Stakes that same year. Tacitus has the experience to upset the field on March Before that dud, Swiss Skydiver won five races including three in a row , finished as the runner-up twice and third at the Rachel Alexandra in February of last year.

One of those victories came in the Preakness Stakes and another game in the Grade 1 Alabama. Hey, why not right? Visit SportsLine now to get Jody Demling's Preakness Stakes winner, see which long shot contends, and get the finish positions for every single horse, all from the expert who's nailed nine of the past 15 Preakness winners.

An important disclaimer, though: Knowing the terminology doesn't guarantee you success in your wagers. Sometimes, ignorance is bliss You're betting on a horse to win the race. Obviously, some of those are more challenging endeavors than others so, as is always the case with gambling, play the odds at your own peril.

By Pete Blackburn. Oct 3, at pm ET 1 min read. Our Latest Stories Sam F. Preakness Stakes betting terms explained Pete Blackburn 1 min read.

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