The odds do get slightly more confusing when there isn’t a one on the right-hand side of the price. Gamblers will get $30 of that from the 3/1 odds that they have bet on, while they will also get the $10 stake that they wagered. For example, a $10 wager on odds of 3/1 will see potential returns of $40. It is straightforward enough to understand using any of the layouts. The American layout for these odds is +300, while a decimal layout will be 4.0. The market favourites will typically have very short odds, and 3/1 is typically a price for a well-backed runner. Of course, the odds only indicate the way that a race may go, as there have been a huge number of winners to win the most prestigious races with much higher odds. That means that a horse with 1/1 (2.0/+100) odds will have a better chance of winning a race than a horse with 10/1 (11.0/+1000) odds. All horses involved in a race will have determined odds, with the horses with shorter prices having a more likely chance of winning. Reading horse racing odds isn’t as complicated as many believe.

Read on to find out exactly what horse racing odds mean: How To Read Horse Racing Odds This article will explain the most common odds and how gamblers can easily understand them. The odds are essential, as it will tell the gambler how much they are likely to get in returns for their winning wagers. To convert any odds formats check out Pinnacle’s odds converter.One of the most important aspects that horse racing bettors must understand before making a wager is the odds. Using the example above, if we were to bet 100 on Djokovic we would see that we win 120, add back in your stake and you get a total payout of 220.

Of course, you are not always going to bet the denominator on a market, so how do you figure out the payout using fractional odds? To see how much you are set to win with fractional odds simply multiply the stake by the fraction. If the denominator is bigger than the numerator, you are looking at a favourite, the side viewed as more likely to win.

That means that if the number on top (the numerator) is bigger than the one on the bottom (denominator), then the market is an underdog, the side viewed as less likely to win the matchup. The easiest way to read fractional odds is to think of the price as: To decipher fractional odds, lets look at a tennis matchup between Novak Djokovic and Rafael Nadal: They are harder to read than decimal odds, but are quite common and thusly worth learning. Fractional odds are read as (how much you win)/(how much you bet)įractional odds are the oldest way which bookmakers have displayed prices.

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