What do the odds mean in horse racing?
- What Do Horse Racing Odds Mean? If you see a horse listed at 7-2 odds for the first time, or a mutuel payoff amount of $5.00, you may not quite understand what that means if you want to place a bet. But understanding how to read horse racing odds is actually simple. Odds are the return you can expect to get if the horse you bet on is successful.
What does 9 2 odds mean in horse racing?
Example #2: A horse that wins at 9-2 will return $4.50 for every $1.00 wagered. If you had placed the minimum bet of $2 on that horse to win, your payoff will be: $9.00 (4.50 x 1 x $2) + your original bet of $2 – for a total of $11.
How much does 5’2 odds pay?
Payoffs represent your profit PLUS the return of the $2 you originally bet. A winner at 5-2 means that will pay $5 profit for every $2 wagered.
What do odds of 1/3 mean?
But what if the odds are 1/3? How does this work? Basically, what you are looking at here is the price of a horse that is ‘odds on’. This means that the bookmaker has decided that it is more likely that this horse will win, rather than fail to win. You would need to wager three pounds to get four pounds back in total.
What do odds of 1/2 mean?
1/2: For every 2 units you stake, you will receive 1 unit if you win (plus your stake). Sometimes you will see Evens or EVS displayed. This is the equivalent of a 1/1 fraction. Again it means the horse in question is expected to win the race.
What is the best bet to make in horse racing?
The win bet should be the key bet, especially for newcomers. Takeout (the amount of money that goes to the track that is not returned to bettors) for win, place, and show bets is less than most exotic bets. Most importantly, don’t bet two or more horses to win in the same race.
What are the best odds in horse racing GTA?
The most profitable odd to play is 5/1, followed by 3/1, and then 2/1. Use the Lucky Horse list, or memorize the names of the horses which win more frequently and pick them over others. To sum it up in short: Go with Horse Number 1 with 5/1 or 3/1 odds, and pick horses which are known to win more.
What are 3 to 2 odds?
What’s The Difference? The difference between 3:2 blackjack and 6:5 blackjack is simple. If you have a winning blackjack hand, you get paid 3 dollars for every 2 that you bet, or 1.5:1 odds.
What are 7 to 2 odds?
So odds of 7-2 mean that for every $2 invested, the punter gets $7 profit in return. This means when you bet $2, the total return if the bet is successful is $9. Similarly, if a horse is at even money (ie 1-1), it’s $2 profit for every $2 invested, or a total return of $4.
How much money would you win if you bet $100?
A winning $100 stake could win up to $150 in profit, for a total payout of $250 payout. At +250 odds, a pick is a definite underdog. A $100 wager stands to win $250 in profits, for a total payout of $350.
What do odds 10 1 mean?
Whenever you see two numbers separated by a slash, i.e. 10/1, this is a fractional betting odd. Fractional odds allow you to calculate how much money you will win on your bet in comparison to you stake. The number on the left(e.g. 10) is how much you will win. for every £/€1 you bet, you will win £/€9.
What Do Horse Racing Odds Mean?
The meaning of odds in betting guidelines
What Do Horse Racing Odds Mean?
If you see a horse listed at 7-2 odds for the first time, or a mutuel payback amount of $5.00 for the first time, you may be unsure of what it implies if you wish to put a wager on the horse. Understanding how to interpret horse racing odds, on the other hand, is rather straightforward. The return you may anticipate to receive if the horse you bet on is successful is represented by the odds. It shows the amount of money that has been wagered on a horse; the greater the amount of money that has been wagered, the lower the odds.
As a result, odds of 7-2 indicate that for every $2 staked, the punter will receive a profit of $7.
A horse that is at even money (ie 1-1), on the other hand, returns $2 profit for every $2 spent, resulting in a total return of $4.
MUTUEL PAYOFFS: Calculating Original Investment with Odds Payoff
All wagers at TwinSpires.com are made in distinct pools according to the pari-mutuel method, which means that all wagers of a specific type (such as win wagers, show wagers, exacta wagers, etc.) are placed in different pools. When a part of the pool is withdrawn, it is reinvested back into the racing industry, and any remaining monies are distributed to the winners of the wagers. Another method of informing gamblers of the amount of money they will get is through the use of mutuel payoffs lists, which are so named because TwinSpires employs the pari-mutuel betting system.
If you live in the United States, the mutuel payback amount for win, place, and show bets is the payout for a $2 bet, which is the smallest amount you may wager on these bet types at TwinSpires.
As a result, to calculate the final payoff for a horse at 7-4, divide 7 by 4 (1.75), multiply this figure by 2 (3.5), and then add 2 (resulting in a total payout of $5.50).
To calculate the final payoff, multiply $5.50 by 10 ($55) and then divide by 2 ($27.50) for a $10 investment to win on a horse that won at a $5.50 mutuel payout.
EXOTIC WAGERING: Longer OddsBigger Payouts
Exacta: Predict the first two horses in a race and place them in the proper sequence.
Trifecta: Predicting the first three horses in a race in the proper order is known as trifecta betting. In order to win a race, you must correctly predict the first four horses to finish in the proper sequence.
Betting strategies for exotic wagering vary. They include:
When placing a box wager, a punter picks a number of horses and covers all of the finishing choices that are made available to him. Example: A box exacta with a $1 wagering unit involving horses 1 and 2 in a race costs $2, which implies the bet is successful if horse 1 wins and horse 2 comes in second, and the bet is successful if horse 2 wins and horse 1 comes in first. For example: Punters can add more than two horses in a box exacta in order to cover a wider range of possibilities. Example: A three-horse box exacta (encompassing all first- and second-place alternatives involving three selected horses) costs $6 when wagered with a $1 betting unit; a four-horse box exacta costs $12; and so on.
- It costs $12 to box four horses in order to accommodate all potential combinations, and so on.
- It costs $12 each horse, and $36 per horse for a total of six horses.
- For example, in a six-horse field, a punter can choose one horse to finish first and cover any of the other horses who finish second in the exacta wheel.
- A key wager is one in which a punter picks one or more horses to serve as the banker, and then a number of additional horses to fill in the remaining necessary positions.
- In addition, the graph depicts the expenditures associated with a superfecta key.
Understanding Odds – Ontario Racing
The odds provided in the race program are the “morning line” odds, which are the most recent odds available. These are the odds that the track’s handicapper has put on the horses at the time the race program is issued, before the betting period begins. Customers’ wagering on each horse in the race will be shown on the track’s tote board before the start of the event, and the odds will fluctuate up to the start of the race. The horse on whom the most money has been wagered by customers is referred to as the “favorite.” This horse will have the lowest odds of winning the race.
- The racecourse takes care of the money, retains a portion of it (known as a “take-out”), and calculates the horses’ odds depending on the amount of money spent on each individual horse.
- Unless otherwise stated, the win odds on the tote board are presented in cents per dollar bet.
- When the number “5/2” is shown, this is an example of an exception to the general rule.
- Because $2.00 is the bare minimum bet at most tracks, win payouts are computed using that amount as a starting point.
- If you had placed the bare minimum wager of $2 on that horse to win, your payment would have been: $10 (5 x 1 x $2) plus your initial $2 bet, for a total of $12 in winnings.
It is possible that you would have won $11 if you had placed the bare minimum wager of $2 on that horse to win: $9.00 (4.50 times 1 x $2) Plus your initial $2 bet, giving you a total payout of $11. Payouts are generally as follows, assuming a $2 bet, and are calculated as follows:
How to Calculate Horse Racing Betting Odds and Payoffs
It’s amazing how many individuals place bets on horse races without having even the most basic comprehension of how the tote board works. Despite the fact that all of those numbers on the board appear to be overwhelming, the odds and payoffs are actually rather simple to understand. You will be able to make and calculate better bets as a result of this process.
Reading the Win Odds
The victory odds posted on each horse are the most straightforward piece of information on the board. They do not tell you how much the horse will pay, but they do tell you how much profit you will make and how much money you will have to wager in order to acquire it. For example, a 6-5 bet indicates that you will receive $6 in profit for every $5 wagered, but a 20-1 bet means that you would receive $20 in profit for every $1 wagered. When it comes to the latter scenario, a $2 bet means you would receive $42 back if your gamble was successful.
Breakage is the term used to describe this rounding.
Calculating the Win Odds on a Horse
There are a handful of additional figures from the tote board that must be used in order to compute the actual win odds on a horse. These are: The total pool represents all of the money that has been bet on all of the horses to win, but it does not represent the amount of money that will be paid out to the holders of winning tickets. Before the track pays out the winners, they subtract a “take,” which varies from state to state but is often between 14 and 20 percent. The take is normally between 14 and 20 percent.
- To figure out the actual odds on your horse, just deduct the take from the entire pool and then subtract the amount staked on your horse to get the amount of money that will be paid out.
- Unless otherwise specified, this value will always be rounded out to the closest dime (typically) or nickel, as previously stated, before the payoffs are computed.
- The amount wagered on horse No.
- 15 percent of the total is taken.
- $465 $1.55 is equal to $465 divided by $300.
- This results in odds of 1.5-1 or 3-2, as they would ordinarily be stated, which results in a payment of $5 on a $2 gamble.
Payoffs for $2 Win Bets
Considering that most tracks have a $2 minimum bet, the chart below may be used to calculate the payoff for a $2 bet at varying odds.
Remember that your real payment may change from this table since the odds on the tote board are rounded down. For example, 2-1 odds on the tote board may actually be 1.9-1 or 2.2-1 on the actual payoff.
Horse Racing Odds Explained: How to Read Odds & Calculate Payouts
Horse Racing Odds Explained: What to Look for and How to Read Odds Payouts should be calculated. We have reached the end of the road. Walking to your favorite racecourse is something you take great pride in doing. You understand your subject matter and are confident in your selections. You are aware of the odds and are able to put your bets with confidence. The race begins, the excitement grows, the finish line roars, and you are greeted by your pals as you walk out the door with money in your pocket.
- Sure, it’s simple to place a wager, but that’s also why the majority of racegoers leave with less money than they had when they arrived.
- Are you simply putting your money on the line and hoping for the best?
- We’re not going to pass judgment.
- In this section, we will explain and simplify horse racing odds in order to make betting more accessible.
- All of the numbers on the tote board, as well as hearing all of the horse racing odds lingo, might be intimidating to someone who is just getting started.
- Then put your faith in us and continue reading.
What Are Horse Racing Odds
The way pricing and payments are shown at a horse track is referred to as the odds. If you bet on a horse and it wins, the figures displayed like 4-7 or 2-5 indicate you how much you will pay and how much you will receive back. The first number indicates the amount of money you may win, while the second number indicates the amount of money you have wagered. As a result, if the odds are given as 2-1, you will receive $2 for every $1 that you wager. It is possible to view odds in one of two ways.
- The phrase “four to one” might be used to describe this structure in spoken language.
- Decimal: It is just recently that this form of strange has been brought to the business, and it is more widespread in Europe.
- To calculate your possible return, multiply the odds by the amount of money you are betting.
- Let’s look at some examples of horse racing odds in the United States: odds of 6-5
- 6 to 5 odds are commonly heard, which means that for every $5 you stake, you will make $6 in profit. Six divided by five plus one equals 2.2 times the initial $5 stake, which results in a payout of $11.00.
- Spoken: odds of 20 to 1
- This means that for every $1 wagered, you will receive a profit of $20. Actual Payment: 20 divided by 1 plus 1 = 21 times the original $1 = $21 payout
- 20 divided by 1 plus 1 = 21 times the original $1 = $21 payout
- To put it another way, the odds are 10 to 2
- This means that for every $2 you stake, you will make $10 in profit. Actual Payoff: 10 divided by 2 + 1 is 6 times the initial $2, which equals $12 in total payout.
How to Read Horse Racing Odds
So, what exactly is the correct way to read horse racing odds? We’re glad you inquired! Let’s start from the beginning and explain what we’re talking about. The Morning Line: Before any of the real gambling takes place, there are odds known as the “morning line.” The odds for each horse are set by the track’s handicapper, and they are displayed here. These can be found in the program, the racing form, or online at your favorite sportsbook, depending on where you live. In today’s horse racing, the morning lines are rarely reliable since they alter so rapidly as more bets are made on the horses.
This can be seen on the tote board at the track or on your online sportsbook.
This is the horse that has the best chance of winning.
Probability: Fractional odds may be readily converted to probability percentages using a simple mathematical formula.
A 2/1 fraction indicates that for every two failures, there is one possibility of success, giving you a 33 percent chance of success; 3/2 indicates a 40 percent chance of success; 2/3 indicates a 60 percent chance of success; and 10/1 indicates a 9 percent chance of victory.
Standard Win Bets and Payouts
When it comes to horse racing, the bare minimum standard wager is $2. The minimal amount might be somewhat lower depending on the race and the rules of the racecourse. Before you even begin to consider placing a wager, you must first determine what the odds are for the wager you intend to place. This simple chart explains exactly what the payout would be on a $2 winning bet at various odds, and it is easy to understand:
|Odds||$ Payout||Odds||$2 Payout||Odds||$2 Payout|
How to Calculate Betting Odds and Payouts
One of the reasons why horse betting is tough is that the odds change every time a bet is placed, which makes it impossible to predict the outcome. Pari-mutuel wagering, often known as pool betting, is the term used to describe this variation. In most traditional betting games, you’re pitting your wits against the house. Horse racing involves placing bets against other people who are also betting on the horse. As soon as the winning horse crosses the finish line, the house will deduct its commission, and the leftover funds will be shared among the customers who placed bets on the winning horse.
The sorts of horse bets available at pari-mutuel facilities are many.
- Place your winning bets now by selecting the horse that crosses the finish line first. Place Bets: You are placing a wager on a horse to finish in second place. Show Bets: Betting on a horse to come in third place in a race.
- Exacta: When you choose the first and second place horses in the order in which they finished
- Trifecta: Pick the first three finishers in a single race in the order in which they finished
- Using the Trifecta Box, you may choose any three of the first three finishers to finish in any order. The trifecta formula is as follows: pick three horses, choose one to win and the other two to finish second or third
- Superfecta: Select the order in which the first four finishers in a single race will cross the finish line. Superfecta Box: Choose four finishers who can finish in any order
- They can finish in any order. Pick four finishers and choose one to win
- The other three finish in whatever order
- This is the Superfecta formula.
Because there are too many variables in horse racing, unlike with win bets, there are no accurate horse racing odds for exotic bets. Nonetheless, at Amwager, we publish estimates of possible rewards for exacta and daily double wagering. Payouts for exotic bets are computed in a different way as well, as previously stated. After the house gets its cut, which is normally 15 percent of the total, the remaining money is shared among the bet winners. Calculating your payment begins by deducting the number of winning dollars from the entire pool, dividing the remaining pool by the amount of cash placed on the winner, and then adding the amount of winning dollars back in.
As an example, consider the following: The winning bet pool for this race is $100,000.
The total amount of money wagered on the winning horse was $42,500.
He is victorious!
- To calculate the chances, divide $85,000 by $42,500 and multiply by $1 to obtain $1.00, or one-to-one odds. To calculate the payment per dollar (or decimal odds), divide $85,000 by $42,500, which is $2.00
- Your $2 bet will return a total of $4.00
- You made a $2.00 profit on a $2.00 wager
We utilized round numbers in order to make math easier. The real world, on the other hand, does not always follow this pattern. Based on the real odds, payouts are rounded to the closest nickel or dime, depending on the rules of the racetrack where it is being played. Breakage is the term used to describe this rounding. In order to assist you in placing your bets, every racecourse employs a television simulcast commentator who handicaps the horses in between races, as well as the publication of handicapping tip sheets.
Best Odds in Horse Racing
With your newfound knowledge of how to read and calculate horse racing odds, you’re ready to place your wager! But, when the big day arrives, it’s helpful to know what your odds are of walking away a winner are in general.
Some bets have greater horse racing chances than others, depending on the wager. Here is a brief reference graphic that shows your possibilities of winning the various sorts of bets stated previously, as well as the projected payouts for those bets.
|Bet Type||Chances of Winning||Expectations|
|Show||Very Good||Modest Payouts|
|Place||Good||Payouts are better than show|
|Win||Average||Payouts are better than place and determined by the win odds|
|Exacta||Hard||Riskier bet that can pay a little or a lot, depending on how much is wagered on each selection|
|Trifecta||Very Hard||High payouts but can be expensive to play with a lot of combinations|
|Superfecta||Extremely Hard||Hard to bet unless you have a sizable bankroll, but big payouts are common|
Glossary: Horse Racing Odds Jargon
One certain way to be labeled an amateur is if you do not understand and do not employ horse racing odds lingo while discussing the sport. Here are some examples of language you should be familiar with:
- Fixed-Odds: A wager in which you receive the odds stated by the better operator at the time of placing your bet, regardless of the outcome of the game. Please keep in mind that AmWager does not practice fixed-odds betting. The term “late money” refers to when a horse receives a large amount of money just before a race
- Odds-On: A word used to describe a strong favorite to win when it is necessary to invest more money in order to win. A horse with a 1/3 chance of winning is considered to be a sure thing. In this case, you are betting against the house, but if you win, you will earn several multiples of your investment back. A horse with a 50/1 chance of winning is considered long shot. You have a great possibility of winning, but you will only make a little profit if you choose the short odds. A 6/4 odds is considered short odds. Carryover money is the money that remains in a pari-mutuel pool if no one correctly picks the winners. All of the money that is left in the pool gets transferred to the next instance of that pool. A sliver of consolation: a payment Pick 6 will offer a little consolation reward to every play that comes close to winning, even if no one makes the correct selections. This is how the name “consolation prize” came to be. Most of the time, the consolation prize is far smaller than the entire payout. The track is obligated to make up the difference if the total amount of bets is insufficient to pay the holders of the winning tickets the legal minimums
- Otherwise, the track is not compelled to make up the difference. The tote board, which is normally located in the infield, is known as the odds board.
And They’re Off!
When it comes to horse racing chances, there are so many variables to take into consideration that it’s no surprise that some people find it difficult to understand. Keep in mind that the top 10 jockeys in the jockey rankings win around 90 percent of the races held during the meet, and that favored horses win approximately 33 percent of the races held during the meet, with modest payoffs on average. At the racetrack, have fun, take a chance, and hedge your bets! We hope that this tutorial has helped you better understand horse racing odds and has helped you become a more confident bettor.
We’ll meet again at the finish line!
Published on October 15, 2011 at 9:29 a.m.
Our in-depth understanding of the sport not only results in a fantastic betting platform, but it also results in outstanding handicapping.
In the United Kingdom, there are two systems for displaying odds – or pricing – at racetracks: the conventional fractional method and the more recently introduced decimal system. Probabilities in fractions: These are commonly displayed in the following format: 4/1. This is referred to as “four-to-one” in spoken form, and it may also be written as 4-1 in written form. Odds are only a function of mathematics. Let us refer to each integer as a unit for the purposes of illustration. So: 4/1: If you win, you will earn four units for every one unit you staked in the game (plus your stake).
- 9/4: If you win, you will earn 9 units for every 4 units you bet on the game (plus your stake).
- In spoken language, this is referred to as “four-to-one on.” 1/4: For every four units you wager, you will earn one unit if you win the game (plus your stake).
- Evens or EVS will appear on the screen from time to time.
- Another way of saying this is that the horse in question is likely to win the race.
- In most cases, decimal odds are given in the following format: 5.00.5.00: If you are placing a win bet, you may calculate your total possible returns by multiplying this figure by your investment.
- Favourites: There is a favorite in every event.
- When a horse is the favorite, their odds will be denoted with a F next to them.
- What about the odds while placing each-way wagers?
- Given that it is not economically feasible for bookmakers to pay out on all four places in a four-runner race (!
- These are the ones: Races involving three or more competitors: only win bets are permitted, unless the bookmaker chooses to provide a place bet.
- 1/5 (one fifth) of the stated odds for placing first or second in races featuring three or four runners Runners in races with 5 to 7 competitors (inclusive): 1/4 (quarter) chance of placing first or second.
Medina Spirit wins the Kentucky Derby to give Bob Baffert a record seven titles and a rare upset
LOUISVILLE, Ky. (AP) – It’s one of those strange and funny things that happens in athletics when two titans get together and triumph. Saturday served as a sort of dreamy little underdog story about a determined underdog. What an oddity. With the victory in the 147th Kentucky Derby, trainer Bob Baffert earned his seventh Derby victory and jockey John Velazquez earned his fourth in the past 11 races. This is a result that generally elicits a response along the lines of, “Well, duh,” considering that it was Baffert’s seventh Derby victory and Velazquez’s fourth in the past 11 races.
Medina Spirit was the first horse to win the Kentucky Derby, and he was the first horse to win the Kentucky Derby.
He’s the one with two prior victories and three previous seconds who finished in a superb 2:01.02 and paid $26.20 to win, beating off second-place Mandaloun by half a length and third-place Hot Rod Charlie by a head, and nipping the favorite, Essential Quality, by a head in the process.
“I had no idea yesterday night that I’d be sitting here,” Baffert remarked of his current situation.
(Kentucky Derby via Associated Press) “This chance doesn’t come around very often, especially for a man like myself who is at the age that I am right now,” said Velazquez, 49, who has won the Derby at 39, 45, 48, and 49, and continues to have the opportunity with Derby victories at 39, 45, 48, and 49.
In the words of the restaurant’s owner, Amr Zedan, “I’m simply trying to absorb this stuff.” To put it another way, this is just bizarre.” It just can’t believe what it’s seeing.” “It was emotional,” he said of a stretch of road where people were hopping about and interfering with the view.
“It was very incredible.” In the midst of this enormous conglomeration, Baffert went for the throat with a classic sports cliché and an equally classic Derby cliché: “It’s a Cinderella story.” At the end of Derby Day, a day on which the country’s oldest continuous sporting event functioned as a sort of a metaphor of the country’s sluggish recovery from the grips of the Coronavirus pandemic, this kind of incongruity could only be concocted by athletics.
- Unlike the postponed Derby on September 5, which was met with a deafening hushed, this on-time Derby was met with a luxuriant hushed.
- Pinks, oranges, and baby blues were among the bright hues that reappeared.
- Couples strolled hand-in-hand and only had anecdotal arguments as they went about their business.
- Social separation had become less prevalent as a notion.
- The infield was resurrected to a half existence filled with its many and beloved misdeeds.
- Bars that had been closed the previous time have reopened.
- People were given complimentary mint juleps at the bourbon stands.
At the age of 68, Baffert has amassed so many Kentucky Derby victories that they span like a string of pearls from 1997 (Silver Charm) through 2021 (Silver Charm).
In most cases, when I come in here, I feel that if I don’t win,” he explained, before digressing to say: “I bring in these heavy-duty horses.” And this year, I had a tremendous amount of fun.
Despite this, Velazquez continued to be amazed in the lead-up, and thus what they accomplished, trainer and jockey, proved to be quite similar to what they did eight months earlier at the 2020 Kentucky Derby.
“When he gets out there fast in the race and they turn for home and they come at him, he wouldn’t let them past,” Baffert said of his horse in the Robert B.
30 at Santa Anita.
During the race, Baffert advised Velazquez, “If you’re turning for home on the lead, he could give you the remainder.” In the ensuing moments, Velazquez and Medina Spirit roared to the lead while Velazquez searched for the only horse he perceived to be faster than his own: Rock Your World, the reserve who had finished second in the Santa Anita Derby but who had suffered a bumpy exit from the gate and who would finish 17th.
- “I went outside, and he wasn’t there,” Velazquez explained.
- “It’s still there,” he says.
- “It’s still there,” he says.
- When Zedan chose to pursue the Kentucky Derby, he was embroiled in a scuffle with an owner with whom he had unexpectedly conversed in a lounge in a Dubai airport a few months before.
- “A lot of people’s occupations are sort of mechanical, and that’s what they do,” Zedan explained of his colleagues.
“It’s an art form with Bob.” “It comes from the stomach.” The seven victories “can’t be by chance,” he remarked, adding, “You’re just watching art in motion,” just as they had all experienced heart in motion with Medina Spirit. “You’re just witnessing art in motion,” he concluded.
A day at the races: Here’s how to figure out betting and odds
Q: Can you explain how to wager on the Kentucky Derby, or even horse racing in general, for that matter? What exactly does it mean to “go off” with 10-1 odds or to be a 33-1 long shot imply in this context? A: As a result, I’ll divide my response down into two sections — the what and the how — so that if I start drowning you in information (as I sometimes do), at least you’ll have a basic grasp of the figures. It is simple to understand what this means. In this case, the odds — 10 to 1 — are merely a ratio or comparison of two numbers.
- The second number is the amount of money you must wager in order to win the first number.
- In other words, if that horse wins, you will earn $10 in rewards for every dollar you wagered on it.
- In a similar vein, if you’re feeling as spirited as a colt and place a $100 wager on a horse with 33-1 odds, you’ll walk away with $3,400 (33 times 100 in wins plus your initial $100).
- Simply said, that’s all there is to it.
- The question is why some horses are given practically even odds — such as 3-to-2 — while others may start a race (“go off”) with odds of up to 50 to one.
- Pari-mutuel is simply a fancy French phrase that translates as “shared stake” or “equal risk.” In golf, for example, players compete against one another for a share of a prize pool provided by a sponsor.
- You all have a vested interest in it, to put it another way.
The greater the number of bettors who support Horse A, the greater the amount of money they will stake on it.
However, it also implies that those gamblers will earn less money per dollar wager because the whole pool of money must be divided among a large number of participants.
Even more intriguing, these chances might fluctuate over the days leading up to a race, making things even more unpredictable.
For the time being, allow me to offer you an oversimplified explanation of how the chances are calculated.
Suppose a total of $1,000 was placed on these three horses — $500 on Fleet, $300 on Fast, and $200 on Beetlebaum — for a total of $1,000 in winnings.
Let’s suppose it’s 10 percent of the whole.
Now we have to find out what they are going to win.
As an example, for Fleet o’ Foot, you would remove 500 from 900 to obtain 400, which you would then divide by 500.
Similarly, Not So Fast’s odds would be 2-to-1 (900 minus 300 divided by 300), whereas Beetlebaum’s odds would be 7-to-2 (900 minus 300 divided by 300).
In other words, the more unfavored a horse is, the worse (or “longer”) its odds and the greater its payoff are, owing to the fact that, technically, you are taking on more risk by betting on it.
In this year’s Kentucky Derby, there were 20 horses entered, and the total wagers of $139.2 million surpassed the previous mark of $137.9 million set in 2015.
In the end, Always Dreaming paid $11.40 for a $2 win wager on the horse.
When a horse finishes first or second in a race in North America, there are bets called “places.” (At the Derby, Lookin at Lee finished in second place and earned $26.60.) It’s also possible to place “show” bets, which pay out if a horse finishes in the top three (the Battle of Midway paid out $20.80).
And so forth. As you can guess, as these bets grow more exotic, the computations become more difficult, despite the fact that the fundamental premise remains the same. Thank god for contemporary computers, which can figure everything out in a jiffy.
Which winner of the Kentucky Derby has the longest odds in the history of the race? The answer to Sunday’s trivia question is: Currently, 31 states have the authority to apply the death sentence as of January. Governors in four other states have placed a ban on the use of the drug at this time. According to the Death Penalty Information Center, all 31 have lethal injection as their principal method of execution, however nine have the option of electrocution, six have the option of using the gas chamber, three have the option of hanging, and three have the option of using the firing squad.
Last year, 30 people were condemned to death in the United States, and 20 people — all from five different states — were executed.
Over the course of the last four decades, 157 people have been exonerated from death row.
The original version of this story was published on May 23, 2017 at 1:09 p.m.
2021 Belmont Stakes odds, Rombauer predictions: Expert who called Tiz the Law winners gives picks
The 153rd running of the Run for the Carnations is planned to begin at 6:49 p.m. ET on Saturday for the 2021 Belmont Stakes, which will be the first time in the race’s history. Even though Essential Quality is the 2-1 favorite in the most current Belmont Stakes 2021 odds, being the favorite hasn’t always resulted in victory in prior races. As a result of last year’s postponed race being run over a different distance, the favorite only won twice between 2010 and 2019. Furthermore, just five times in that ten-year timeframe has the favorite finished in the top three positions of the race.
- For the Belmont Stakes in 2021, three horses fit that description: Bourbonic (15-1), Overtook (20-1), and France Go de Ina (50-1).
- Those underdogs will be looking to outperform the favorites in the Belmont Stakes, including Essential Quality, Rombauer (3-1) and Hot Rod Charlie (2-1).
- With a lot of established horses in the Belmont Stakes 2021 field, you’ll want to check out SportsLine’s Jody Demling’s Belmont Stakes choices for the race.
- At one point last year, he correctly predicted the winners of six consecutive races: the Saudi Cup, the Gotham Stakes, the Rebel Stakes, the Louisiana Derby, the Florida Derby, and the Belmont Stakes (all in the United States).
- Justify, rider Mike Smith, and trainer Bob Baffert were on his tail in 2018, and he was determined to make horse racing history at the famed Belmont Park.
- Demling is at his finest while competing in the world’s most prestigious horse races.
- The winner of both races was drawn from the same pool of tickets every time except four times during the previous 13 years.
Anyone who has followed him has made significant gains. Now that the lineup for the 2021 Belmont Stakes has been decided, Demling is providing his predictions and choices on SportsLine.com. You may find them by clicking here.
Top 2021 Belmont Stakes predictions
There is one surprise: Demling doesn’t have Rombauer (3-1) completing the Triple Crown after he won the Preakness. During his first three attempts on dirt, Rombauer was unsuccessful. In those races, he also finished second twice, once behind Essential Quality, and once behind Hot Rod Charlie. Also mentioned by Demling is the fact that jockey Flavien Prat, who rode Rombauer to victory in the Preakness, opted to abandon the horse in order to ride Hot Rod Charlie in the Belmont Stakes in 2021 instead.
There are just too many variables working against Rombauer, which is why Demling believes the odds on the 2021 Belmont Stakes will be higher than they are now.
How to make 2021 Belmont States picks, bets
Instead, Demling is particularly bullish on an underdog who “will be in the mix again” at Belmont, ensuring that his backers receive a substantial return on their investment. Demling has revealed whose horse it is, as well as his complete projected leaderboard, over at SportsLine.com. What horse will take home the Belmont Stakes in 2021? And which underdog is a must-have in your betting pool? Consider these current Belmont Stakes odds, then visit SportsLine to view Demling’s predictions for the 2021 Belmont Stakes (and other major races).
2021 Belmont Stakes odds
|Hot Rod Charlie||7-2|
|Rock Your World||9-2|
|France Go de Ina||30-1|
2021 Kentucky Derby odds, best predictions: Expert who hit 9 Derby-Oaks Doubles shares picks
Known Agenda, the Florida Derby winner, will be among four runners in the Kentucky Derby 2021, which will take place on Saturday at Churchill Downs. Trainer Todd Pletcher is bidding for his third Kentucky Derby victory. With Super Saver in 2010, and again with Always Dreaming in 2017, Pletcher has won the Kentucky Derby twice in his 53-year-old career. A record 55 horses have been entered in the Kentucky Derby under his guidance, six more than the next greatest trainer, D. Wayne Lukas. Known Agenda will compete in the Kentucky Derby in 2021, and is largely thought to have Pletcher’s greatest opportunity to win his third Kentucky Derby.
- Dynamic One (20-1), Bourbonic (30-1), and Sainthood are some of Pletcher’s other contenders (50-1).
- The 2021 Kentucky Derby will be Demling’s first appearance in the race since a significant heat in 2020: the Kentucky Derby.
- At one point last year, he correctly predicted the winners of six consecutive races: the Saudi Cup, the Gotham Stakes, the Rebel Stakes, the Louisiana Derby, the Florida Derby, and the Belmont Stakes (all in the United States).
- With the exception of three occasions in his previous 12 tries, he has held a ticket with the winners of both the Kentucky Oaks and the Kentucky Derby races.
- Demling stated that Tiz the Law was definitely the best horse in the field at last year’s Belmont, and Barclay Tagg’s horse drew away for a comfortable 3 3/4-length triumph.
Anyone who has followed him has made significant gains. Now that the field for the Kentucky Derby in 2021 is beginning to take form, Demling is offering his choices and predictions on SportsLine. You may find them by clicking here.
Top 2021 Kentucky Derby predictions
One surprise: Demling is downgrading Hot Rod Charlie, despite the fact that he’s one of the top Kentucky Derby favorites for 2021. In fact, according to Demling, Hot Rod Charlie does not even make it to the board. Trainer Doug O’Neill already has two Kentucky Derby victories to his credit, but getting a third got significantly more difficult after the Kentucky Derby was postponed last month. Hot Rod Charlie, who was formerly a $110,000 yearling acquisition, won the Louisiana Derby with rider Joel Rosario at the helm in 2018.
Despite the fact that Demling believes that Hot Rod Charlie “seems to grow stronger each time he gets on the track,” having a new rider onboard the horse feels like too large of a risk, which is why Demling is discounting the colt in his Kentucky Derby wagers for the year 2021.
Anyone hoping for a big payout should keep an eye out for him.
On April 3, he flipped the script in the Blue Grass Stakes, which he won.
However, his performance at 1 1/8 miles demonstrated unequivocally that Highly Motivated is deserving of consideration as one of the top Kentucky Derby candidates in 2021.
How to make 2021 Kentucky Derby picks, bets
Demling has a particular fondness for a double-digit long shot who has “looked terrific” while in training, says Demling. Demling has revealed whose horse it is, as well as his complete projected leaderboard, over at SportsLine.com. Which horse will take home the Kentucky Derby trophy in 2021? And which gigantic underdog is a must-have in your betting pool? Check out the most recent Kentucky Derby odds in the table below, then head over to SportsLine to view Demling’s Kentucky Derby predictions.
2021 Kentucky Derby odds, post positions
|2||Like the King||50-1|
|9||Hot Rod Charlie||8-1|
|15||Rock Your World||5-1|
|19||Soup and Sandwich||30-1|