Odds On A Horse

[martinbastin]

When a horse is favored for, example 15-1, what does this mean and how do they come up with this formula?

[muush88]

When a horse is favored for, example 15-1, what does this mean and how do they come up with this formula?

well youll never see a favorite at 15-1 yesterdays derby the favorite i think was 6-1 and thats high for favorite   but we will go with 15-1  which means for every dollar you bet you will get back around $15 dollars  so a two dollar win  bet at 15-1 would pay approximately $32     the odds are made by a linemaker at the track its called the morning line odds   but once people start betting the odds change   the betters make the final odds of a race  if the majority of the money bet to win on lets say the  #1 horse  would make the #1 horse the favorite for that race.  So actually when you bet a horse  your money goes into a pool  and your actually betting against/ or with the other people betting. The more money bet on a race the higher the cut for the track. It is called the handle. I believe in reality the tracks only make money if you win.  they dont make money when you lose

[mc1962]

Odds are a statistical formula that represent common factors including popularity, probability, and likelyhood of occurance.........15-1 odds would mean that it will pay 15 for every 1 you wager.  Example would be: $1.00 bet would win you 15.00 if it wins or a 100.00 bet would win you 1,500.00............but in easy to understand words - the favorite of the race pays the least amount and the one that is most unlikely to win will pay the most.  Hope that helps you understand a little bit.

[martinbastin]

I had always thought that if a horse is 15-1, it had a chance to win one time out of 15 races if it ran 15 times. I'm from Ky and I should know this. Shows you how much I know about horse racing. I know that the horses are fast and the women are pretty in Ky.

[muush88]

I had always thought that if a horse is 15-1, it had a chance to win one time out of 15 races if it ran 15 times. I'm from Ky and I should know this. Shows you how much I know about horse racing. I know that the horses are fast and the women are pretty in Ky.

The horses are fast and pretty  Sometime watch a horse run in slow motion Power, Beauty, and Grace

[monnee]

To bad Zenyatta loss The Breeders' Cup race by inches, it would have been great to see her retired undefeated.

[muush88]

To bad Zenyatta loss The Breeders' Cup race by inches, it would have been great to see her retired undefeated.

awww yes but she ran a great race   probaply her best race    She is  the real deal  LONG LIVE THE QUEEN 

[ktheodos]

indeed....what a race that was!!! So close! I'm not much of a horse racing fan, but close races are exciting...and thanks for clearing the betting/odds
thing up, I was a bit confused myself....by the way, if you have not done so, I recommend seeing Secretariat (speaking of horses....lol)....great movie, great story!

[monnee]

I hope they make a movie on Queen Zenyatta too.  She always puts on a great show for the audience.   

[mgint]

all bets go into pools a win  for first  place for second and third for show the track takes out so much for each type of bet and the money left goes for each horse bet on and odds figured from money in the pool.