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Although there is usually some correlation between a horse's betting odds and its skill relative to the other runners, the odds are more accurately interpreted as an expression of public sentiment.
Horse racing odds are easy to use when they represent whole numbers, such as:5-110-130-1
All you have to do is multiply your bet by the whole number to find your net profit.
Decimal Horse Racing Odds
The one thing you have to be careful about with decimal odds is making sure you don't forget that the calculated payout includes the return of your original wager.
For example, if a horse lists at 5/1, the bettor gets $5 for every $1 placed on the horse.
What does it mean when the first number of horse racing odds is lower than the second number? When the first number of a horse's odds is lower than the second, it is an odds-on favorite.
Therefore, the bettor wins less money than wagered.
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