Horse racing journalist and handicapper who covered the Kentucky Derby, Preakness, Belmont and Breeders’ Cup for the Las Vegas Review-Journal.
HORSE BETTING GUIDE · BET TYPES
Reviewed by the Horse.bet Team
How to calculate the win payoff from horse racing odds? — explained: Calculating the expected payoff on a win bet in horse racing is easy once you get the hang of it.
Amounts are per betting unit — switch to £ or € above. Real dividends depend on the pool and the currency of the track.
Calculating the expected payoff on a win bet in horse racing is easy once you get the hang of it. Example:
Odds in horse racing are expressed as fractions, such as 8-5 or 5-2.
The win payoff is almost always calculated off a $2 wager and can be obtained thus: multiply the first number in the fraction (the numerator) by 2, divide the sum by the second number (the denominator), and add 2 to cover your original bet. So in the case of the 5-2 horse, the math looks like this: 5x2=10/2=5+2=7.
In other words, a $2 bet will return $7.
The actual payout after the race is declared official may deviate slightly due to an accounting practice known as rounding, but it should be very close to your prediction. AmWager , Nyra Bets and other horse betting sites offer you a set of tools to calculate a potential win.
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