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Guide to online horse race betting

Because these wagers pose less risk for the punter, the returns are lower than odds against bets.

Even money is when your horse’s perceived chance of winning the race is 50/50. 2/1) indicate that a horse has a good chance of winning.

Odds on (i.e., 1/2, 4/7, 3/10, etc.) is when your horse’s perceived chance of winning the race is more than 50/50. If your horse wins at 2/1, you will receive: your 10 back plus your stake multiplied by the odds (10 x 2) or 30 in total.

Thus, the odds (often referred to as the ‘price’) are a way of expressing the probability of a horse winning a race.

Some of the principles of the financial marketplace also apply to wagers on horse racing. If your horse wins, your stake will double in amount.

Online sports betting sites have effectively placed a casino or horseracing portal in every home that has an internet connection or mobile device. Thus, bookmakers assess odds in such a way that provide more winnings for punters who place wagers on long shot horses. Instead of a horse’s odds being expressed as a fraction, bookmakers often regard odds as ‘long’ or ‘short’. We explore these below.

When placing a bet, your stake is the amount of money you are willing to gamble. Odds that are said to be long (e.g. 50/1) point to the fact that a horse is very unlikely to win the race. If your horse wins, you will receive your stake back plus your stake multiplied by the odds on it. Horse race betting involves terminology unique the sport. If your horse wins, you will receive your stake back plus your stake multiplied by the odds against it. The minimum stake you can place at most racecourses is 2. Short odds (e.g. For instance, you stake 10. There are less winnings available for selecting runners that are favored to win because these horses pose less risk.

Odds against (i.e., 2/1, 7/1, 15/2, etc.) takes place when your horse’s perceived chance of winning the race is less than 50/50. If you’re a winner, your winnings are calculated according to your horses odds. Typically, a bettor can earn a higher return on investment (at least in the short term) by assuming more risk. Prices can be odds against, even money, or odds on.

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