Wager Mage
Wager Mage
Photo: Ragu Raja
It reflects the amount of money bet on a horse; the more money that is invested, the shorter the odds. 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 mean that for every $2 invested, the punter gets $7 profit in return.
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Read More »When calculating the payout for a $2 bet compared to the listed horse betting odds, divide the first number in the odds by the second number, multiply that by 2, and then add the standard minimum $2 bet. Therefore, for a horse at 7-4, divide 7 by 4 (1.75), multiply this number by 2 (3.5), and then add 2 (final payout: $5.50). If a bettor wants to know exactly how much money will be returned to them from a successful bet, multiply the mutuel payout by the amount invested, and then divide by two. So if a bettor invested $10 to win on a horse that won at a mutuel payout of $5.50, multiply $5.50 by 10 ($55), and then divide by 2 (final payout $27.50).
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Read More »A box superfecta, in which four horses are selected and all finishing order options are covered, for a $0.10 wagering unit is $2.40. For five horses it costs $12, and for six horses it’s $36. Wheel: In a wheel wager, a punter selects one or more horses as a banker (ie horses they are confident will figure in the relevant placings), and then includes all other horses to fill the other placings around them. For example, in an exacta wheel in a six-horse field, a punter can select one horse to finish first, and cover any of the other runners finishing second. This bet with a $1 wagering unit will cost $5, meaning the punter gets a return provided the horse he selected to finish first is the winner of the race. Key: In a key wager, a punter selects one or more horses as a banker, and then a number of other horses to fill in the other relevant placings. For example, a trifecta key, where a punter banks on one horse winning and then any combination of three other horses to finish second and third, the cost for a $0.50 wager is $3 (covering the six possible options). The graph also includes costs for a superfecta key.
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