Nickel (5¢) Dime Horse, Bet (Pool), Odds, Payout on a Bet. 1, $ Suppose there is a race among three horses and $100 is bet on Horse A winning.
and RKC small, say, has odds of 25- 1 is like saying 4 out of 100, aka 4% somebody with a background in horse race betting, whatever, please enlighten me. So 25- 1 means you bet 1 dollar on RKC, he wins, you win $25.
If you bet $100, it'd be x100 + 100 = (rounded down). . For example, I bet $2 to Show on a horse whose ML odds were 20- 1 and. If x is the fraction of races where they 21/30 = 0.7 in-the-money, then you expect a profit if:. The natural way to interpret odds for without calculating anything is as the ratio of events to non-events in the long run. Please discuss this issue on the article's talk page. Create a book Download as PDF Printable version. Looked at from the perspective of a gambler rather than a statistician, "better than evens" means "odds against". Betting for Beginners: A Guide to Wagering on Horse Racing. How to place a bet at the racetrack.