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--If you have a winning ticket, you'll receive the corresponding amounts that are listed in column (6). In this column, winning amounts are based on a $2.00 Win ticket.
--The minimum cost for a Win bet is one dollar. If you make a $1.00 bet AND you have a winning ticket, 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.
--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?
--Above ratios could be confusing...just like 1-2 odds versus 2-1 odds!
--As shown in the table, 1-5 odds pays approx. $2.40, and 5-1 odds pays approx. $12.00.
--A horse that goes off at:
--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 --> Ratio of amounts bet on each horse VERSUS the total amount bet on "all" horses that are running 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?
--Above ratios could be confusing...just like 1-2 odds versus 2-1 odds!
--As shown in the table, 1-5 odds pays approx. $2.40, and 5-1 odds pays approx. $12.00.
--A horse that goes off at:
- 1-5 odds indicates that the horse is a heavy favorite.
- 5-1 odds indicates that the horse is going off at medium odds; neither low nor high.
