ODDS-ON- Odds of less than even money. On the other hand, if a horse has odds of 19/1, the probability of it winning the race is only 5%. Odds: The chances of a horse to win a particular race based on the pari-mutuel wagering of the general public. Off the board: A horse that fails to finish in the money. Off-track: A racing surface that is anything other than Fast (Dirt) or Firm (Turf/Grass). OFF TRACK- An off track refers to a wet racing surface. For favorites you are always risking the money to win $100, and with underdogs you risk $100 to win the amount. OFFICIAL- Sign displayed when result is confirmed. Horse racing, more than any other sport, lends itself to many people trying to sell a potpourri of information to players. In horse racing terms, those are pretty decent odds. Welcome to Equibase.com, your official source for horse racing results, mobile racing data, statistics as well as all other horse racing and thoroughbred racing information. Over/under 2.5 goals is the most popular goal line, mainly because there are two or three goals scored in a big percentage of matches. In England it is simply called "on," thus a horse "5-4 on" is actually at odds of 4-5. When the odds are against say 4/5 then the Bookie is saying this horse has such a high chance of winning he will only give you £4 for every £5 that you bet so your win would be £9 for a £5 stake and £18 for a £10 stake, this is called odds on (as opposed to odds against above) and is weighted in the bookies favour. Example #1: A horse that wins at 5-1 will return $5.00 for every $1.00 wagered. Historically fractional odds were used in the UK, especially on racetracks and on the high street. That means bookmakers can offer similar odds on both the under bet and the over bet. What Do The Odds Mean? OFF SIDE- Right side of horse. Generally, decimal odds are easier to understand. The payouts for a $2 bet with corresponding odds are listed below: Odds Based on this, there has a movement to attract more people to horse racing by making it more accessible to the average punter. Off the pace: A horse that is lagging back in the early stages of the race. Win payoffs are calculated based on a $2.00 wager because at most tracks this is the minimum bet. This, in many cases, would increase the odds of winning. Depending on the odds price of the horse(s) or dog(s) withdrawn from the race, the rule gives a tiered reduction to the amount you are paid out should your selection win. Also racing official. In this article we will explain what rule 4 means with a full list of deductions. Of course, you can also bet on a variety of goal lines in between, such as 1.5, 2.5, 3.5, 4.5, 5.5, 6.5, and 7.5 goals. American Odds always use a baseline value of $100. Optional Claimer: A race where the horses in the field may or may not be entered for a claiming price. With regards to horse racing, 'lay betting' means to place a bet on a horse to lose, rather than to win. A member requested that instead of the Starting Price Odds being included in the Horse Racing Systems download area, the Betfair Estimated Odds Calculation was used instead. So … There are two key differences. A -135 favorite means you must risk $135 to win $100 from the sports book. The tote board does not show decimals, therefore, 5/2 odds means that the odds on a horse are 5 divided by 2, or 2.5-1. Odds Board: The tote board, usually found in the infield. Find everything you need to know about horse racing at Equibase.com. For example, if a horse has 4/1 odds, you do 4 + 1 = 5, then 100 / 5 = 20, meaning the horse has a 20% probability of winning and 80% probability of not winning. Converting SP odds to exchange prices. It is simply called `` on, '' thus a horse to win a particular race based on this in. 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