Horse Racing Odds
Horse racing betting odds definite the relationship between risk and reward. To make it simply, the horse odds tell you how much you stand to win with any wager.
Understanding how horse racing betting odds work is the first step in getting started as a bettor. We have made a Horse Racing Guide that will dive into the topic in great detail, it doesn’t matter if you are a beginner, intermediate or advanced horse racing bettor this information will be useful to make your wager intelligently.
Learning how to read the odds in horse racing betting isn’t as difficult as it may seem.
We provide live horse racing results, handicapping tools, and horse racing betting information for online wagering. Get live price updates and compare the odds on every horse race around the world!
HORSE RACING ODDS EXPLAINED!
Horse Racing Odds are simply the way prices and payouts are shown at a horse track. The numbers displayed as 4/7 or 2/5 tell you what you pay and how much you get back if the horse you bet on wins.
The first number tells you how much you could win, the second number is the amount you bet. So, if the odds are listed as 2/1, you’ll get $2 for every $1 you bet.
It is the return you can expect to get if the horse you bet on is successful. It reflects the amount of money bet on a horse; the more money that is invested, the shorter the odds.
How Horse Racing Odds work
Horse racing betting odds are essentially fractions. When a horse is priced at 10-1, one can read that as 10/1. Similarly, when a horse is priced at 3-5, one can read that as 3/5.
The “fraction” expresses the relationship between how much you stand to win relative to how much you must risk. With horse racing odds, the first number shows how many units you stand to win, and the second number shows how many units you must risk to win that much.
- 8-1: You will win 8 units for every 1 unit wagered
- 7-2: You will win 7 units for every 2 units wagered
- 1-5: You will win 1 unit for every 5 units wagered
If the first number is bigger than the second number, your net profit will be larger than the amount wagered.
If the second number is larger, you’re betting on the “odds-on favorite,” and your return will be smaller than the amount risked. This occurs when you bet on heavy public favorites – you stand to win less because everyone is betting on the same horse. If the odds-on favorite wins, the betting pool will be split among many winning tickets, netting everyone a smaller portion of the pool.
HRT also posts daily matchups for a number of tracks each day for players that like to bet one horse vs another in the same race.
Our goal is to allow you to find the horse betting odds that give you the biggest payouts.
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