someone explain the odds and betting systems in horse racing

[vikkydonlad]

I watch horse racing sometimes but I get confused when poeple talk about the odds and the bets. Can anyone explain?

[robert99]

Plenty explanations shown by Google
For example:
http://www.fortunepalace.co.uk/odds.html

[Triptych]

Couldn’t begin to explain this fully but with a view to the odds…
you usually back a horse at odds to win a race say for instance 7/2 will give you a £7 return for a £2 stake.
The amount to the right of the slash is the amount staked and to the left the amount you will win, add the two together you win £9.

If however the amounts were reversed 2/7 then you are said to be backing a horse at odds on and you will have to stake £7 to win only £2, your return will still be £9.

You will sometimes see strange looking odds like 6/5 and 5/6 so based on the above explanation £5 to win £6 and £6 to win £5 (just a shade odds on).

If you hear the term Evens or Even Money that means that for a £5 stake you get a £5 return (£10 paid back for your £5 stake).

Try looking at racing results on the Racing Post website and working out the odds to a £1 stake a lot of bookmaker sites have handy calculators so that you can calculate your own bets, you can work out returns on
Doubles (2 horses have to win to gain a return)
Trebles (3 horses have to win to gain a return) and other multiple bets here.

It all seems daunting at first but comes together over time… scan through betting sites on the Internet and if you get a chance go to your local racecourse and see the horses, take the racecard home with you and inside you will usually find useful guides to reading a horses form etc.

Things turn out best for those who make the best of how things turn out...

[Author]

Posts