How does LADBROKES for example, how do you work out the odds I whant to put on a bet but not sure on the odds?

Question

How does LADBROKES for example, how do you work out the odds I whant to put on a bet but not sure on the odds?

Answer 1

Previous answer correct if you put it on to win!

If you put a place bet I believe you get a quarter of the odds if it comes in three!

There are also other bets such as an accumulator - where the winnings go on the horse of your choice on the next race for about three races in a row!

Go to their website or go in a betting shop and anyone there will help you I am sure!

Just pick your horses carefully!

Answer 2

2/1

9/4

11/5

5/6

these are typical odds, the easiest way to work out a return is if you bet the amount on the right say £4 on the 9/4 you will get £4+£9= £13.

the actual way is if you bet £10 at 9/4 you work out how many 4's are in £10 then multiply by 9, so

10 divided by 4 multiplyed by 9.+ you get your original stake £10 back. =£32.50.

if you take 5/6 £10 divided by 6, multiplyed by 5 =£8.33 + your original £10.

i hope this helps.

Answer 3

the other answers are very correct, but in the states will have 3 types of odds.

2/1....$6.00...bet 2 win 2 plus your 2 back

5/2.....$7.00....5 plus 2 is 7

4/5......$3.80.....bet 5 and make 4 will get you 9

Answer 4

If you know nothing about racing--keep it that way. If you understand odds you will be distracted from backing many winners. The bookies "compile" the odds so they win no matter what. A simple way to assess odds is the first number is what you win for staking the second number. ie  10-1 you win 10 units by staking one unit - total return 11 units. 11-4 as a decimal is 2.75 to 1 so you would win 2.75 units to a i unit stake. Tatal returns of 3.75 units.

So......put one unit on #  SIERRA VISTA # this afternoon at Haydock and hopefully win 5 units so returning six units....

Answer 5

Horse racing is pari-mutual betting.  The odds are determined by how much money is bet on the winning horse.  Here's how it works.  You take all the money that is bet on a particular horse to win.  Out of that pool of money, the track deducts their takeout (I think it's something like 17% on "win" bets).  This is the money the track uses for purses, taxes, profits, etc.  Then the rest of pool is divided up among all the winning tickets.

An example:  Suppose in a given race there is $200 in the win pool (OK, it's a small track), with $40 of that bet on the horse Sid the Kid (I'm a Penguins fan), and for simplicity, assume that represents 20 people betting $2 each.  Sid the Kid wins. Now take the $200 from the win pool and skim off the track's takeout (17%, or $34).  That leaves $166, or $8.30 for each of the 20 bettors, the $2 they bet, plus $6.30 profit.  Since it's a $2 bet, divide by two, and the odds on the bet would be 3.15 to one.

Well, not quite.  Racetracks operate on what they call "dime breakage."  This means that they always round the odds down to the nearest 10 cents (you can always express odds in money terms.  In the example the odds would be $3.15).  So they would take your winning odds of 3.15 to 1, round it down to 3.10 to 1, and your winning ticket would be worth $8.20, not $8.30.

All the other bets work the same way.  The "place" pool is divided among all the bettors with "place" bets on either of the top two horses in the race, and the "show" pool among bettors with "show" bets on the any of the top three horses.

They payoffs for exactas, trifectas, daily doubles and all the other "exotic" wagers are calculated the same way, except that the track takeout is larger.  (I'm just guessing, but here in Pennsylvania, I think the takeout on "exotics" is either 25% ot 27%).

Since your payoff on a winning ticket depends on both the size of the betting pool, and what percentage is bet on any particular horse, the odds will continually go up and down as the makeup of the betting pool changes, right up until post time.  Until then, the tote board can only give approximate odds on any horse.

Hope I didn't overwhelm you.  Horse racing is an infinitely fascinating sport.  Hope you enjoy it as much as I do---and do better than I usually do.  Good luck.

Answer 6

You dont work out the odds, the on course bookies work them out. When you place a bet, you can take the odds offered or wait and take the odds that are set as the race starts. Mick

Answer 7

When you have an account (with Ladbrokes) and pick bets you get a box on the right... put in the amount you want to bet and before you confirm it, you'll be told how much your return will be..