When a horse odds are 1-5 what does that mean?

Question

When a horse odds are 1-5 what does that mean?

Answer 1

I think it goes like this:

You bet $100 on a horse race. If the horse wins at odds of 5-1, you win $500.

Not sure.

Answer 2

a $2 bet on a horse that is 1-5 odds will pay $2.40 so you will only make .40  for that 2 dollar bet.

heres a run down of the odds and pay outs.

ODDS / PAYS

1-5/ 2.40

2-5/ 2.80

1-2/ 3

3-5/ 3.20

4-5/3.60

1-1/ 4

6-5/ 4.40

7-5/ 4.80

3-2/ 5

8-5/ 5.20

9-5/ 5.60

2-1/ 6

5-2/ 7

3-1/ 8

7-2/ 9

4-1/ 10

9-2/ 11

5-1/ 12

6-1/ 14

10-1/ 22

Theses are all for $2 bets.

Answer 3

You bet $100 and if it wins, you get $20.

I think.

Answer 4

5-1 means that if u put on 1 u get 5

1-5 means if u put on 5 u get 1