Odds reflects the amount of money bet on a horse, the more money that is invested, the shorter the odds. Therefore, lower odds are best odds for horse racing. To calculate the exact odds on a horse, just subtract the take from the total pool, then subtract the amount bet on the horse to give you the amount of cash to be paid out. When horse racing odds are shown in the form of 7-2, 5-1 etc. It expresses the amount of profit to the amount invested. So odds of 7-2 means for every $2 invested, the punter gets $7 profit in return. 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 the horse to win, your payoff will be $9.00 (4.50×1×$2)+ your original bet of $2 gives $11.
Further calculations of odds. 4/5 odds is basically 0.8 to 1 which is a negative, but you would still return your stake too. 4/5 odds payout $3.60 for $1 payout and $9.00 for $2 payout. Similarly, 12-1 odds means that out of 13 possible outcomes, odds are that there will be 12 of one kind of outcome and 1 of another kind of outcome. For every 13, odds are that 12 will be a particular event and 1 will be another event. 12-1 pays $13. Also, 7-4 odds means that out of 11 possible outcomes, odds are that there will be 7of the kind of outcome and 4 of another kind of outcome. For every 11, odds are that 7 will be a particular event and 4 will be another event.
Higher odds means highet payout and less chance of winning i.e 50/50. Lower odds means lower payouts and greater chances of winning. So possibly, lower odds are better when it concerns winning, while higher odds are better when it concerns payouts. If a horse comes in first or second, you will not win any more money than if the horse finishes third. This is the safest of the straight bets but also offers the smallest return. If you are confident the horse will finish better than third, therefore, there will be a larger return placing a win or place bet. The most profitable bet in horse racing is one that makes you the most money, whether that’s multiple bet or one of the Totepoolbets. But the biggest wins in horse racing have been won with accumulators, so they get votes as the most profitable bet in horse racing. Horse racing is profitable only if you’re willing to make some effort. This could be either becoming familiar with how to read form or investing in a proven horse racing tipping service.
In conclusion, if you boxed the minimal allowable number of horses in a trifecta, and that is three, it would cost you $6. But to box the minimal number in a first 4, you will pay four times as much. 7/2 odds payoff $9 for $2 payoff. TAB number 1 is the most dominant number in trifecta, appearing in 40 percent of all trifectas.