if the first time you see a horse listed at the 7-2 odds or the payoff amount is near about five dollars then you may not understand that what means if you want to place a bet but you have to understand that how to read horse racing odds is very simple.
The betting returns mainly depends on the odds. If you are betting on the right horse then you can expect a good return on odds. It will reflect by the amount of money bet on a horse. The more money that is invested by the shorter the odds.
If the horse racing odds are shown in this format 7-2 or 5-1 etc then it expresses the amount of profit to the amount invested. The odds are 7-2 mean that for every $2 invested. The punter gets $7 profit in return. It’s mean when you bet at dollar 2 then the total return if the bet is successful then you will receive the dollar seven.
This will be done when the horse is at even money like 1-1 for 2 dollar profits for every 2 dollar investment then the total return will be dollar 4. If the horse is 1-2 then the $1 profit for every two dollar investment or dollar 3.
MUTUEL PAYOFFS: The Original investment with odds payoff.
If you are betting under the pari-mutuel system then the all bets are the particular types such as win bets, show bets and exacta bets etc. will be separate pools. The percentage of the pool is withdrawn to be invested into racing and the remaining funds are paid out on the winning wagers.
In this method or way of indicating to bettors that how much money they will receive. Like the odds format 1-2, 5-1 and 7-2 as mentioned above the listed mutual payoff includes the original investment and not just the amount of profit.
The mutual payoff amount to win and place shows bets in the united states is the pay-out for a dollar 2 then the minimum amount of these bet types are available on various websites.
During the calculation of payout, the dollar 2 bet will be compared to the listed horse betting odds and also divide the first number in the odds by the second number after it multiplies by 2 and the additional standard minimum dollar 2 bets.
If the bettor wants to know exactly how much money will be returned to them from a successful bet then he can multiply the mutuel payout the amount invested and then divide by two. If a bettor invested dollar 10 to win on a horse that won at a mutuel payout of dollar 5.
Betting Strategies for the exotic wagering vary: In a box wager, a punter selects a number of horses and all covers to the finishing options available. So when you choose the horse for betting choose it wisely, after horse good records.