Each exotic bet has its own pool, which determine the payoffs. All of our recommended sites are licensed and regulated in the U. Not all states allow pari-mutuel wagering on online platforms such as TVG or TwinSpires, but more than half do, with additional states continuing to loosen restrictions. While pari-mutuel wagering is the law of the land at all U. Customers can also lock in exact win odds on their horse in races at Monmouth Park in Oceanport.
Fixed-odds wagering is popular in other countries, especially Australia, where it has been credited with a surge in the popularity of horse racing betting. Calculating Horse Racing Odds The tote board lists the win odds for every horse in the race, so simply look for the number of your horse to find the win odds.
The odds determine your payout, which is usually rounded down to the nearest dime known as breakage. The more money wagered on your horse to win, the lower the odds and payout. By examining the betting odds of each horse in a race, you can judge which horses, in your opinion, are being sent off at a fair price, which provide value and which may be overbet.
Horses sent off at significantly higher odds than you believe reasonable are often worth betting on. If your opinion is right, you will be rewarded. If a horse is sent off at odds 1. A word on takeout, which has become a hot topic for bettors. The amount tracks deduct from each wager is the takeout, which is used to pay track expenses, taxes and horsemen.
The bottom line is, the higher the takeout, the lower the return to bettors. Win, place and show bets generally offer lower takeout rates than exotic wagers. Used To American Odds? Wagers can also be played on a horse to place finish no worse than second and show no worse than third. Here are some of the most popular exotic wagers: Quinella: A wager on two horses in a race to finish first and second in any order. Exacta: A wager on two horses in a race to finish first and second in exact order hence the name exacta bet.
Again, you can use a bet calculator to work this out, by entering your stake and the odds of each selection. Yankee Calculator A yankee bet consists of four selections and 11 bets through the selections, 6 doubles, 4 trebles and a four-fold accumulator.
In order to calculate the returns, simply enter the selections odds, select if they won, placed or lost and then divide your stake by 11 to work out your initial stake. Patent Calculator The patent bet is a bet with three selections and seven bets, three singles, a treble and three doubles combined. You could use the bet calculator to work out the returns by inserting the prices of all your selections, putting in if they won or lost and then dividing your total stake by seven to work out your stake.
Lucky 15 Calculator The Lucky 15 bet is perhaps the most popular bet amongst punters in horse racing. As obvious in the title, there are 15 bets across four chosen selections. There are four singles, six doubles, four trebles and a four-fold accumulator, which if successful can lead to a large pay out. In order to calculate the returns using the bet calculator, enter the odds of your four selections, if they won, lost or placed and then divide your stake by 15 to enter in the stake box to calculate your returns.
Lucky 31 Calculator The Lucky 31 bet is like the lucky 15 however this time there is 31 bets across five selections. There five singles, 10 doubles, 10 trebles, five four folds and a five-fold accumulator within the 31 bets.
To calculate your returns using the bet calculator, enter the odds of each selection, whether they won, lost or placed and then divide your total stake by 31 to get your stake total. Lucky 63 Calculator The lucky 63 is like the above however this time you must choose a total of six selections. Like the name suggests, there is 63 bets across the six horses, 6 singles, 15 doubles, 20 trebles, 15 four-folds, 6 five-folds and a six-fold accumulator.
The bet calculator can be used to work out your returns, by entering the odds of your selections, selecting if they won, placed or lost and entering your stake, the total of which must be divided by Should you choose a selection and then later, a runner is withdrawn you may suffer a rule 4 which will mean a decrease on your returns.
The bet calculator will help you to total what your returns will be, enter the price of your selection and then select the rule 4 total, which you will find on your bet slip. This means your returns are usually halved, again the betting calculator comes in handy, allowing you enter in the odds of your selection and then selecting your dead heat percentage, which can be found on the bet slip. Different odds formats The bet calculator allows you to enter in your odds from different formats from fractions to decimals.
Returns vs profit At the bottom of the bet calculator, it will tell you your overall returns and then your overall profit, both of which will be different. Your returns will be the amount of money you get back, this is your winnings and your initial stake while your profit is simply the money you have made, this minuses your stake. Rewards valid for 30 days. SMS verification required. Only deposits via cards will qualify. Play Safe. See full terms below. Bet Responsibly. Only deposits made using cards will qualify for this promotion.
Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of qualifying bets. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Free bets expire in 90 days. First bet must be on Sports.
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