Lower odds suggest the horse has a better chance of winning. Regardless of format, higher odds indicate an unlikely winner but provide the chance for a bigger payout. Moneyline odds – American-style odds with either a + or – before the number. This is the standard format used in the UK and often for US horse racing.ĭecimal odds – Listed as single number like 1.44, 3.25, 17.5, etc. These odds tell you what kind of payout you can expect for betting on that horse.įractional odds – Represented as two numbers like 4/5, 7/2, 10/1, etc. When you look at a race form, you‘ll see each horse has odds listed next to their name or number. Grab a cup of coffee and let‘s break down the basics! Introduction to Reading Horse Racing Odds You‘ll learn how payouts are determined, why odds differ for each horse, and how to spot betting value. In this comprehensive guide, I‘ll explain everything you need to know about odds using 4/5 odds as an example. But understanding how to read odds is key to betting smart and maximizing payouts. As an avid fan and regular better, I know horse racing odds can seem confusing, especially for first-timers.
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