Payoffs are calculated by the total pool less the track's commission (called takeout), then divided among all the winning tickets.
What is the payout for a place bet?
Place terms are used to determine the payout of your bet. If you place a bet which is EW (1/5, 3 places) and your horse finishes in the top 3, you'll win your bet. The place portion of your bet will pay out at 1/5 of the odds that you took that horse for.
How do you calculate payout on horse bets?
The payoffs on straight win bets are your profit, based on the odds x your stake, plus the return of your stake money. So, a $10 bet on a successful 41 shot means you would receive $50 in total  $10 x 4 plus your $10 stake. These basic horse odds are easy to work out.
What is the formula for bet payout?
The math behind calculating payouts on sports bets
When the odds are negative, change the number to positive and use this formula: 100/Odds * Stake = Profit. When the odds are positive: Odds/100 * Stake = Profit.
How much does a $2 win place show bet cost?
Win/Place or Place/Show: Simply a combination of win & place or place & show. There are two combinations, so a $2 bet would cost $4 in total.
How do you calculate superfecta payout?
Winnings on a correctly picked Superfecta bet are based on how much you wager and there is no limit. Payoffs are determined by the parimutuel system: all the winning tickets share the pool of money collected less the track's commission.
How much is a $2 superfecta box bet?
As the basic bet is one combination, a $2 Superfecta costs just that, $2. You can place a Superfecta Part Wheel under the same rules as above or a Superfecta Key meaning you can nominate one horse as your "sure thing" combined with a number of horses to finish second, third and fourth.
Frequently Asked Questions
Is superfecta box a good bet?
A Superfecta Box allows you to select a group of horses to finish in the top four positions in any order. It offers a higher chance of winning compared to other types of bets but comes at a higher cost due to the increased number of combinations.
How do racetrack odds work?
When horse racing odds are shown in the form of 72, 51, etc, it expresses the amount of profit to the amount invested. So odds of 72 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.
What is the formula for horse betting?
To calculate the probability of each horse winning the race, I then divide the final figure (FFig) for each horse by the grand total for the race and then multiply the result by 100, which produces the VALUE CALCULATOR percentage chance (VCpc) for each horse.
How much is a $2 win place show bet?
$4
Win/Place or Place/Show: Simply a combination of win & place or place & show. There are two combinations, so a $2 bet would cost $4 in total.
How do you calculate winnings on a horse race?
The amount paid out is normally calculated in the following way:
 Dividing your total stake by the number of horses included in the dead heat.
 Multiplying that figure by the odds at which the bet was placed.
What is the payout for 13 2 odds?
Odds conversion table
Fractional  Decimal *  Moneyline 

6/1  7.00  +600 
13/2  7.50  +650 
7/1  8.00  +700 
15/2  8.50  +750 
What is the payout for a 2 dollar bet in the Kentucky Derby?
This will be a look at who won the Kentucky Derby and different ways you can bet on horse racing and sports. UPDATE: Here are the 2023 Kentucky Derby payouts on a $2 bet: Mage: $32.42 to win, $14.58 to place, $9.08 to show. Two Phil's: $10.44 to place, $6.52 to show.
How much does it cost to bet on a horse race?
Note  most tracks have a $2 base wager amount on the Pick Six. Three horses in a each race would be 3 x 3 x 3 x 3 x 3 x 3 = 729 combinations = $729 for a $1 Pick Six = $1,458 for a $2 Pick Six.
How much does a $1 trifecta box cost?
A $1 threehorse trifecta box costs $6 because there are six possible outcomes in which those horses finish in first, second, and third place.
How much does a $5 each way bet cost?
With most bookmakers if you place a $5 eachway bet you are actually wagering $10: $5 on the selection to win and $5 for the selection to place.
How much do you win on a $100 bet with odds?
Decimal odds explained
For example, a $100 bet made at decimal odds of 3.00 would return $300 ($100 x 3.00): $200 in profit and the original $100 amount risked. A $100 bet made at decimal odds of 1.50 would return $150: $50 in profit and the original $100 amount risked.
What happens if you bet 10 dollars on every horse?
If you make a bet on every space on the board you'll lose money every time.
How do you calculate horse race winnings?
For example, if the odds are 41 this suggests there is a 1 in 5 chance of winning (4+1), or calculated as 1 / (4+1) = 0.2 which means there is a 20% chance of the outcome happening. The winnings you would receive from a bet is calculated by multiplying your stake by the odds.
What is the most profitable way to bet on horses?
If executed correctly, backing longshots or betting on horses with higher odds might be a profitable strategy. Experienced bettors recognize undervalued odds and capitalize on them, betting on horses with a better chance of winning than implied by the odds.
How do you calculate a show payout?
Winnings on show bets are unlimited and based on the odds when the gates break open, signaling the start of the race. Payoffs are calculated by the total pool less the track's takeout (basically commission), then divided among all the winning tickets.
FAQ
 How do you calculate horse winnings?
 For example, if the odds are 41 this suggests there is a 1 in 5 chance of winning (4+1), or calculated as 1 / (4+1) = 0.2 which means there is a 20% chance of the outcome happening. The winnings you would receive from a bet is calculated by multiplying your stake by the odds.
 How much does a $10 win place show bet cost?
 If one win bet is $10, for across the board wager, you usually have to cover the cost of all three bets, and you will have to pay at least $30.
 How do you calculate payout from odds?
 – To calculate your potential payout on an underdog, all you need to do is multiply your stakes (the amount of money you wagered) by the value resulting from the moneyline odds divided by 100. Put simply: Potential profit = Wager x (Odds/100).
 What do you win if your horse comes 3rd?
 If the horse finished 2nd or 3rd you will only get returns for the place part of your bet.
 What is the payout for 70 to 1 odds?
 What does odds of 70/1 mean? If you were to bet $10 on 70/1 odds you would receive $700.00 in profit if this outcome won. The implied win probability of 70/1 odds is 1.41%. If you'd like to see the implied win probability of other odds values you can check our Moneyline Converter.
 What were the payouts for the Breeders Cup?
 All results and purse information via the Breeders' Cup website.
 Breeders' Cup Dirt Mile ($1,000,000 Purse)
 Breeders' Cup Filly & Mare Turf ($2 Million Purse)
 Breeders' Cup Filly & Mare Sprint ($1 Million Purse)
 Breeders' Cup Mile ($2 Million Purse)
 Breeders' Cup Distaff ($2 Million Purse)
 How much do you win if you bet on the winning horse?
 In its simplest form, horse racing payouts are dictated by $2 win bets. If you make a $2 win bet on a horse that goes off at 2to1, you would profit $4 and collect $6 with your returned investment. If you make a $2 win bet on a horse that goes off at 5to1, you would profit $10 and collect $12.
 What is the fee to enter a horse in the Breeders Cup?
 It costs $60,000 to enter and start a horse in a Breeders' Cup race with a $2 million purse. It costs $30,000 to enter and start in a race worth $1 million.
 What does 26 1 odds mean?
 Odds (against) an event of 26:1 mean that if you conducted the same experiment 27 times, you should expect to win 1 time and lose 26 times. You lose twentysix times more frequently than you succeed.
 Are 23 to 1 odds good?
 What does odds of 23/1 mean? If you were to bet $10 on 23/1 odds you would receive $230.00 in profit if this outcome won. The implied win probability of 23/1 odds is 4.17%.
 What are odds 20 to 1?
 What 20to1 means: When you see 20to1 odds, you're looking at a long shot that is unlikely to win. In fact, the implied win probability for a team that's 20to1 is 4.76%. However, should that long shot come in, it would pay out $20 for every $1 wagered.
 What does 3 to 1 odds mean in horse racing?
 For example, 3/1 odds mean you profit three times the amount you wagered. A $1 bet at 3/1 would pay out $4 in total, or a $3 profit and your $1 original wager. Conversely, 1/3 odds mean you profit a third of what you wagered.
 What does 29 1 odds mean?
 The larger the number, the higher the risk and bigger the payoff. Odds like 291 mean for a $1 wager, a bettor wins $29 plus one's bet back. Fractional odds. If there's a fraction like 8/5, divide the fraction to get a number with a decimal (1.6 in this case).
 How do you calculate payout on a bet?
 – To calculate your potential payout on an underdog, all you need to do is multiply your stakes (the amount of money you wagered) by the value resulting from the moneyline odds divided by 100. Put simply: Potential profit = Wager x (Odds/100).
 What does 5 to 2 mean in horse racing?
 Payoffs represent your profit PLUS the return of the $2 you originally bet. A winner at 52 means that will pay $5 profit for every $2 wagered. The payoff is $7 which is the profit ($5) plus the cost of your wager ($2).
If you had've bet $10 on the horse race and picked always dreaming how much would you have won
What does it mean if odds are 5 to 2?  In betting terms, "5 to 2 odds" means that for every 5 units you bet, you could potentially win 2 units in addition to getting your original 5 units back if you win. Whether these are good odds or not depends on the context and your perspective.  
What does 5 2 mean in football?  In American football, the 5–2 defense is a defensive alignment consisting of five down linemen and two linebackers.  
What does 7 2 odds mean?  Seven to two odds imply that every $2 wagered could win you $7 if the bet is successful.  
What does 5 to 1 mean in horse racing?  If you see a single number next to your horse on the odds board, for example,”5,” then the horse is 5 to 1. This means that, for every dollar wagered on that horse to win, the winning ticket holder would win about $5 and receive about $6 back. (Don't forget, you always get the amount of your bet back!)  
How do you calculate each way return on a bet?  How do you calculate an Each Way Bet? To put it into practice, a £5 Each Way Bet totals to £10. If your selection wins at odds of 8/1 your paid out £8 for every pound you spend plus your initial stake of £5 for the win part of the bet. So that's £45 just for winning.  
What is the formula for ROI in horse racing?  Profit divided by your Stake = Return On Investment (ROI) To make this easier to understand we turn this into a percentage by multiplying our ROI by 100.  
How do you calculate return on trifecta?  To figure out your trifecta payout, you simply multiply your flexi percentage to the declared dividend. For example: if the trifecta dividend is $1,500, and your flexi percentage is 200%, your payout is $3,000.  
How do you calculate place odds?  To calculate the place part you just need to divide the odds (e.g. 7/4) by the Each Way Terms (1/4) > 7 divided by 5 = 1.4 so the odds will change from 7/4 to 1.4/4. £10 at 1.4/4 = £3.50. This means you will be paid only for the place part of your bet at 1/4 of your odds.  
What is the minimum bet on horse racing?  Typically the minimum bet is $1.00. Pick Four  You must correctly select the winners of four consecutive races. All four must win in order for you to collect. Typically the minimum bet is $1.00.  
What is the basic bet on horse racing?  WinPlaceShow This is the simplest way to bet on horse races. Pick a horse and bet him to win (finish first), place (finish second) or show (finish third). This is a $2 base bet, and you can certainly bet more if you'd like.  
What is a 5 horse bet called?  Super Yankee Also known as a Canadian, a Super Yankee is a bet on five selections consisting of 26 bets – ten doubles, ten trebles, five fourfolds and a fivefold accumulator.  
What is the smallest bet you can make at the Kentucky Derby?  KENTUCKY DERBY BETTING 101 The most simple bets are called straight wagers: win, place, or show. A win bet is when your horse finishes first. A place bet means your horse finishes in the top two, and a show bet is when your horse comes in the top three. These bets have a $2 minimum.  
What is an 8 to 13 bet?  For example, a bookmaker has the (fractional) odds of Man City defeating Crystal Palace at 8/13. Plug the numbers into the formula, which is a simple matter of dividing 8 by 13 in this example, and the implied probability equals 61.5%. The higher the number, the greater the probability of the outcome.  
What is 8 15 as a bet?  Odds conversion table

 What does 8 to 5 odds mean in horse racing?
 Using 85 as an example, this means that, for every $5 bet, one would win about $8 and get $13 back. For a $2 bet on a horse that is 85, the winner would receive about $5.20. Once in a great while, you will see odds of 19 on the odds board.
 What is a 2 to 13 bet?
 So, if you're betting on a horse to win, in a 13 to 2 bet that horse would lose 13 times out of 15. The horse would win 2 times out of 15. This means that if you placed that bet you would statistically have a 2/15 chance of the bet winning.
 What is a 8 horse bet called?
 A Goliath bet At least two of your eight selections must be successful to get any return in a Goliath bet.
 How do you calculate the probability of winning a horse?
 The probability of a horse winning a race is calculated by taking the number of times it has won and dividing it by the total number of races the horse has run. For example, if a horse has won four races out of ten, its probability of winning would be 40%.
 What percentage of odds on horses win?
 Or, to put it more accurately, answers. First, let's give you the short answer. The favourite usually wins a horse racing around 3035% of the time. And if you were wondering, the second favourite usually wins around 1821% of the time.
 What are 40 to 1 odds?
 If you were to bet $10 on 40/1 odds you would receive $400.00 in profit if this outcome won. The implied win probability of 40/1 odds is 2.44%. If you'd like to see the implied win probability of other odds values you can check our Moneyline Converter.
 How do you calculate odds of winning?
 This is found by dividing the number of desired outcomes over the total number of possible outcomes. In our example, the probability (not odds) that we'll roll a one or a two (out of six possible die roll outcomes) is 2 / 6 = 1 / 3 = . 33 = 33%. So our 1 : 2 odds of winning translate to a 33% chance that we'll win.
 How often do high odds horses win?
 A. On the flat turf odds on favourites win about 59% of the time. But the results can vary depending on the type of race and how short or long the odds on favourite is. For betting purposes you need to be a bit more specific and analyse the different types of races and prices.
 What does 3.40 odds mean?
 If you were to bet $10 on 3.40 odds you would receive $24.00 in profit if this outcome won. To work out how much money you will receive back when betting on decimal odds you multiply your stake (bet amount) by the odds: $10 x 3.40 = $34.00 Total Payout ($24.00 profit).
 How much do I win if I bet $100 on odds?
 Decimal odds explained For example, a $100 bet made at decimal odds of 3.00 would return $300 ($100 x 3.00): $200 in profit and the original $100 amount risked. A $100 bet made at decimal odds of 1.50 would return $150: $50 in profit and the original $100 amount risked.
 How do I calculate odds?
 To convert from a probability to odds, divide the probability by one minus that probability. So if the probability is 10% or 0.10 , then the odds are 0.1/0.9 or '1 to 9' or 0.111. To convert from odds to a probability, divide the odds by one plus the odds.
 What does 3 to 5 odds mean?
 Odds of 35 indicate that your profit will be threefifths of a dollar. In other words, for every $5 you bet you can win $3 in profit. To determine profit, multiply the amount you bet by the fraction. If I spend $15, then my profit for winning is $9 (15 x 3/5). Ex.
 What does 4.0 odds mean?
 For example, if you've odds of 4.0 then for every 1 unit staked you get a return of 4 units. With decimal odds, you need to note that this is the total return and includes the original stake. So, this would be a breakdown of 3 units of profit and 1 unit from the original stake.
 How do you calculate horse bet winnings?
 The amount paid out is normally calculated in the following way:
 Dividing your total stake by the number of horses included in the dead heat.
 Multiplying that figure by the odds at which the bet was placed.
 The amount paid out is normally calculated in the following way: