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Horse Racing Odds: How to Read Odds & Calculate Payouts
https://www.amwager.com/blog/horse-racing-odds/
To get the odds: $85,000 / $42,500 – $1 = $1.00 or 1 to 1 odds. To get the payout per dollar (or decimal odds) $85,000 / $42,500 = $2.00 Your $2 bet will pay back a total of $4.00 You made a profit of $2.00 on a $2.00 bet. For easy math, we used round numbers. But in the real world, this does not always happen.
What are odds of 2 to 1 winning in a race? - Quora
https://www.quora.com/What-are-odds-of-2-to-1-winning-in-a-race
The two sides of the odds are the amounts wagered on each side of a proposition. In the case of a “fair bet” one where the expectation value is $0.00. Bets are made on two mutually exclusive outcomes, one of which is sure to occur. (If neither event occurs, for instance, if the game is call off, the bet is off.)
Odds with $2 Minimum Payoff for Horse Racing - dummies
https://www.dummies.com/article/home-auto-hobbies/games/betting/odds-with-2-minimum-payoff-for-horse-racing-196049/
Introduction You’re betting on horse races and want to know how much your winning bet will give you. To compute your $2 win price, take the odds of your horse and multiply the first number by 2, divide that by the second number, and then add $2 — simple as that! Following is a list of payoffs at various odds for quick reference: About This Article
Horse Racing Odds
https://www.horseracebase.com/horse-racing-odds.php
There is an option within HorseRaceBase to set up odds presentation to suit your preference. Odds of 2/1 and less Odds greater than 2/1 Converting SP odds to exchange prices A member requested that instead of the Starting Price Odds being included in the Horse Racing Systems download area, the Betfair Estimated Odds Calculation was used instead.
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