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--How well do you know your odds?!!!
--If you have a $2.00 winning ticket, you'll receive the corresponding amounts that are listed in column (6).
--The minimum cost for a Win bet is one dollar. If you have a $1.00 winning, you will receive HALF the amount that is listed in column (6).
--If you're new to horse racing betting, I advise you to play $1.00 bets initially. As you win more frequently, you can step it up to $2.00 bets! :-)
--Table from my book:
WHAT DOES 3-1 ODDS MEAN?
--It means: For every $1.00 that you spend (number after the hyphen) on your bet, you get a "profit" of $3.00 (number before the hyphen). Plus, you get the money that you spent ($1.00) back into your pockets!
--Example:
Far more insight is provided in my book.
WHICH IS HIGHER ODDS? 1-5 ODDS OR 5-1 ODDS?
1-5 ODDS: Winning payoff amount is approximately $2.40. It indicates that the horse is MOST LIKELY to win; i.e., a heaavy favorite.
5-1 ODDS: Winning payoff amount is around $12.00; i.e., ($2 x 5) + $2. Horse is going off at medium odds; i.e., not too high, and, not too low.
--It means: For every $1.00 that you spend (number after the hyphen) on your bet, you get a "profit" of $3.00 (number before the hyphen). Plus, you get the money that you spent ($1.00) back into your pockets!
--Example:
- If you played a $1.00 Win bet and your horse wins, you get: ($1.00 x $3.00) + $1.00 = $4.00 approximately.
- If you play a $2.00 Win bet and your horse wins, you get: ($2.00 x $3.00) + $2.00 = $8.00 approximately.
- So, doesn't it make sense? For a dollar bet, it returned $4.00. This is exactly HALF of what you get for a $2.00 bet (i.e., $8.00)!
- When the winning payoff amounts are posted on the tote board, prices are based on the actual dollar amounts that are bet in the race. Therefore, winning payoff amounts could be slightly higher or lower than the amounts listed in column (6).
Far more insight is provided in my book.
WHICH IS HIGHER ODDS? 1-5 ODDS OR 5-1 ODDS?
1-5 ODDS: Winning payoff amount is approximately $2.40. It indicates that the horse is MOST LIKELY to win; i.e., a heaavy favorite.
5-1 ODDS: Winning payoff amount is around $12.00; i.e., ($2 x 5) + $2. Horse is going off at medium odds; i.e., not too high, and, not too low.
