For example, your horse racing betting site may display 10 or 20 next to horse names to represent 10-1 and 20-1, respectively. Also, Racebooks often drop the 1 in odds that represent whole numbers. Note: Many horse racing betting sites and tracks display the odds as fractions. If the odds-on favorite wins, the betting pool will be split among many winning tickets, netting everyone a smaller portion of the pool. This occurs when you bet on heavy public favorites – you stand to win less because everyone is betting on the same horse. If the second number is larger, you’re betting on the “odds-on favorite,” and your return will be smaller than the amount risked. If the first number is larger than the second number, the net profit of your horse racing bets will be larger than the amount wagered. 1-5 odds: You will win 1 unit for every 5 units wagered.
7-2 odds: You will win 7 units for every 2 units wagered.10-1 odds: You will win 10 units for every 1 unit wagered.With horse racing odds, the first number (the numerator) shows how many units you stand to win, and the second number (the denominator) shows how many units you must risk to win that much. The “fraction” represents the relationship between how much you stand to win relative to how much you must risk. Similarly, when a horse is priced at 3-5, one can read that as 3/5. When a horse is priced at 10-1, one can read that as 10/1. Horse racing betting odds are essentially fractions.
