How to Calculate Horse Odds???

Question

I tried betting with Horse Racing and to my shock,the odds of 8.5 dramitically drop to 2.0Is it normal here to have this kind of stuff???

goodkisser · Answer

I tried betting with Horse Racing and to my shock,the odds of 8.5 dramitically drop to 2.0Is it normal here to have this kind of stuff???

mwindsor24 · Answer

Sounds like a bunch of $$$ got put on that horse to win.......thats just how para-mutuel wagering works. Happens a lot.

gambler315 · Answer

The tote board usually updates one more time after the race goes off at all tracks.

goodkisser · Answer

para-mutuel wagering ??? I just heard of this...Please tell me how does it works?

bombcapper · Answer

google it--  paramutual wagering

goodkisser · Answer

What is pari-mutuel wagering?&#xD;&#xA;Originated by a Frenchman, Pierre Oller, the word means "among &#xD;&#xA;ourselves". The track has no interest in which horses win or lose, but &#xD;&#xA;acts only as an agent. It only holds the money wagered until the finish &#xD;&#xA;of the race and pays the winning ticket holders the proper amount called&#xD;&#xA; for by the amount of the tickets.&#xD;&#xA;&#xD;&#xA;&#xD;&#xA;How are odds &#xD;&#xA;determined?&#xD;&#xA;Odds are an indication of the popularity of a given horse in comparison &#xD;&#xA;with others in the race. Odds are figured by dividing the amount wagered&#xD;&#xA; on a given horse into the total amount wagered, less the amount &#xD;&#xA;deducted by the track and state law.&#xD;&#xA;&#xD;&#xA;&#xD;&#xA;Types of wagers&#xD;&#xA;Win - You collect win money if you bet the &#xD;&#xA;horse that finishes first.&#xD;&#xA;Place - You collect place money if you bet &#xD;&#xA;the horse that finishes first or second.&#xD;&#xA;Show - You collect show money if you bet &#xD;&#xA;the horse that finishes first, second or third.&#xD;&#xA;Daily Double - Select the winners of 2 &#xD;&#xA;consecutive races.&#xD;&#xA;Exacta - Select the first two finishers of a&#xD;&#xA; race in exact order.&#xD;&#xA;Trifecta - Select the first three finishers&#xD;&#xA; of a race in exact order.&#xD;&#xA;Superfecta - Select the first four &#xD;&#xA;finishers of a race in exact order.&#xD;&#xA;&#xD;&#xA;&#xD;&#xA;&#xD;&#xA;How to Place a &#xD;&#xA;Bet&#xD;&#xA;&#xD;&#xA;To place a wager, go to one of the mutuel (betting) windows located &#xD;&#xA;throughout the track.  State the following...&#xD;&#xA;Track you wish to wager&#xD;&#xA;Race number&#xD;&#xA;Amount of bet&#xD;&#xA;Type of bet&#xD;&#xA;Program number of horse

Skipbone · Answer

Dolt

goodkisser · Answer

any good horse to offer????

How to Calculate Horse Odds???

Hot Forum Topics