Getting to know horse racing odds and picks
Each horse participating in a race can be bet on. The odds (positive or negative) in each event are determined by the amount of money wagered on a horse. Besides the stakes for the win, you may also bet on place or show selection. The last two options, however, usually come with smaller odds.
Betting on horse racing online is all about skills: you need to be attentive as well as be able to analyze the situation on the track and predict the results. Horse race betting online provides you with more tools as they offer statistics and a database of previous races. Your favorite horse racing website can also include a page with useful guides that may help you to place the most profitable bet.
Horse betting payouts in a nutshell
All the stakes placed on a race are pooled together. Let’s take an example: a million dollars was bet across the country on a win. Then, 50% of this sum is on one horse. In the case of winning, bettors are paid 1:1. In the same way, the prizes for trifecta, show, and place are calculated.
To determine your possible payout, you simply need to follow these steps: multiply your stake by the current odds and add the bet to the number you get. Here is an example: the odds are 4:1, and you are going to bet $5. Your potential payout would be 4 x $5 + $5 = $25.