Horse Racing Odds Explained

Having been in the business for decades, Bovada has optimized their page with the smoothest page design and betting options over 80 different racetracks across the globe with lines and odds updated and refreshed every second. For every 2 units you stake, you will receive 1 unit if you win plus your stake. In a straight wager at the track, a bettor is going to have 4 main bets to choose from which he or she can place on a single horse at a time. All the Thoroughbred has to do is take the Belmont and he will be our next Triple Crown winner. It reflects the amount of money bet on a horse; the more money that is invested, the shorter the odds. What Do Horse Racing Odds Mean?


What Do Horse Racing Odds Mean? | Betting Guides

If a bettor wants to know exactly how much money will be returned to them from a successful bet, multiply the mutuel payout by the amount invested, and then divide by two. Predict the first two horses in a race in the correct order. Predict the first three horses in a race in the correct order. Predict the first four horses in a race in the correct order.

In a box wager, a punter selects a number of horses and covers all the finishing options available. Punters can include more than two horses for a box exacta to cover more options. In a wheel wager, a punter selects one or more horses as a banker ie horses they are confident will figure in the relevant placings , and then includes all other horses to fill the other placings around them.

For example, in an exacta wheel in a six-horse field, a punter can select one horse to finish first, and cover any of the other runners finishing second. In a key wager, a punter selects one or more horses as a banker, and then a number of other horses to fill in the other relevant placings. The graph also includes costs for a superfecta key. This bet is pricier but ensures the bettor a variety of ways to win. If the horse wins the race, the bettor will win the payout for all three bets.

If the horse finishes in 4th place or worse, the bettor wins nothing. Exotic wagers are a bit more complex than straight wagers and include multiple horses finishing in a particular order rather than an outright prediction of the outcome of a single horse. They are much harder to hit upon but the payouts can be quite vast. Horizontal Exotics are placed on multiple horses in one particular race whereas Vertical Exotics are placed over multiple races on a particular horse or horses.

We have compiled a list of the most common Exotic Wagers which one will find at any live racetrack as well as on an online racebook. An Exacta wager is made on the top two horses to finish the race in an exact order.

The bettor must successfully predict the winner and runner-up in precisely that order to win. A Quinella wager is the same as an Exacta wager except that the bettor does not have to pick the horses in order. So long as the two chosen horses finish in the 1st and 2nd place, the bettor will have won his or her bet.

A Trifecta is much more difficult to hit on than an Exacta as it involves the 3rd place horse as well as the winner and runner up. A Trifecta is only successful if the bettor has predicted the top three finishers of a race in their exact order. Any other combination results in a losing bet. The Superfecta wager is the most difficult of all of the Exotic Wagers and features the highest payout in all of pari-mutuel betting however with fantastically difficult odds to win.

A bettor must successfully pick the top four horses in precise order in order to win. There is no other combination type which would result in a win other than correctly predicting the 1st, 2nd, 3rd and 4th place horses as they finished. A Pick 3 Wager is when a bettor picks the winner of three races in a row at a track.

A Pick 4 is the same yet with a fourth race simply being added. A Key Wager is when a bettor picks one particular horse in an exotic bet to finish in a particular place but is unsure of the finishing places of the other horses around the keyed horse.

Wheeling and Keying are nearly synonymous with each other in many instances at different tracks or online racebooks. For instance, a bettor can pick his top four favorite horses in a Superfecta Box where every combination is picked and he is guaranteed a win provided those four horses take 1st, 2nd, 3rd and 4th place. Each box combination bet counts as its own wager however as this betting style can be quite costly.

You may be wondering how much money you will stand to win off of a successful Straight or Exotic Wager and rightfully you should.

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Horse racing odds for UK and Irish racing. Live price updates, the latest news and betting movers, plus free daily and ante-post tips from our experts. Horse racing odds for UK and Irish racing. Live price updates, the latest news and betting movers, plus free daily and ante-post tips from our experts Oddschecker International Websites. This guide to horse racing betting odds and payoffs includes a chart showing the pay-off for a $2 bet and how win odds are calculated. May 05,  · Share Horse racing betting: Terms, tips, and explanations. Below is an odds-percentage conversion chart for typical odds in horse racing.

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