We hope this guide better explains horse racing odds and turns you into a confident bettor. For example, #8 is (7-1), so 7 x $2 = $14, Add $2 = $16 payout. It’s completely fine if you are. These are published in either the program, racing form, or online at your sportsbook. For example, suppose three players each have a Come bet and a Place bet on the number 5. This is the horse most likely to win. The shooter rolls a 10; therefore, the point for this game is 10. Then trust us and keep scrolling. Before any of the actual wagering starts, there are “morning line” odds. The shooter rolls a 4. 19. In typical betting games, you’re betting against the house. A new shooter prepares to make a come-out roll for a new game. Since everyone roots for a 7 to show on the come-out for Pass Line bets, the casino automatically turns off all the Place bets for the come-out roll. For your Flat Pass Line bet, a 7 on the come-out is a winner, so the dealer puts a $5 chip next to your Flat Pass Line bet. The dealer first pays Joe’s Come bet, then Jill’s Come bet, and then Jack’s Come bet (in that order). It may seem a bit confusing at first, but it’ll all become second nature to you after a few minutes at the table. Sounds complicated? Today is the day. 17. Your total payout is $210. After your Place bet wins, you can choose to take it down (i.e., remove it) or leave it up (i.e., working) and hope to hit your Place number again before a 7 shows. You tell the dealer, “I want all my Place bets working on the come-out.”  The dealer puts an ON button on one of your Place bets to indicate that they’re all on and working on the come‑out. Refer to the figure below and see that Player Position #8 has a $5 Place bet on the point, which we know is 4 because of the white ON puck. Instead, make them while the stickman controls the dice in the middle of the table. After making a Place bet, the outcome of each roll is either: 1) the Place number appears and you win; 2) a 7 appears and you lose; or 3) any other number appears, which means nothing in terms of winning or losing. … A bettor will have his wagered money tied up until there is an outcome and bettors will receive fixed odds when they place the wager. As with most other bets on the table, the Place bet plays against the 7. Player #6 has no Place bets (there are no chips in the #6 position in any of the top rectangles). The minimum standard bet for horse racing is $2. How much do you win? This is why every racetrack has television simulcast commentator who handicaps between the races as well as publishing handicapping tip sheets to help you place … ‍ Club World Casino Review,  Visit JackpotCity  One sure way you will be tagged as an amateur is if you do not know and use horse racing odds jargon. However, you can keep your Place bet on at any time, even on the come-out roll. Very good! You place a successful $110 bet on them, which means you receive $100 winnings and your original bet of $110 back as well! I never use this approach because I always want my chips physically located in the box for the number I’m Place betting. Because odds are like fractions, I adjusted all of the odds except the 9:5 odds on the 4 and 10 to equivalent odds so you can easily compare them to the true odds. The Miami Dolphins are favorites to win this Sundays game at -110 odds. “Winner, winner, steak dinner!”  You high-five everybody at that end of the table and the girl in the halter top gives you a big hug. When “taking down” a Place bet, you remove it completely from the table. The shooter rolled his point, so the game ends. Since you kept your Place bets on and working on the come-out, they all lose because a 7 showed. For your Flat Pass Line bet, a 7 on the come-out is a winner, so the dealer puts a $5 chip next to your Flat Pass Line bet. Payouts use the actual odds and are rounded down to the nearest nickel or dime, depending on the rules of the racetrack. Wow! 3. We did, indeed, mention Player #8 earlier when learning how to make a Place bet on the point. So that's what happens when you bet on favorites using American odds. However, betting on a horse to Show does not necessarily mean it must finish third, but rather in the first, second or third position. Your Place bet chips remain on the table. And that’s all good gamblers want to do. Before you even begin to place a bet, you need to know what the odds are of the particular bet you want to make. In the figure, we see that the point is 4 because of the white “ON” puck. DON’T make any bets when the stickman is about to push the dice to the shooter for the next roll. Most of the time when someone Place bets the point, it’s when they walk up to the table in the middle of a game and, instead of making Put bet on the Pass Line, they Place the point by positioning their chips centered on top of the back line of the Pass Line. Trifecta: Select the first three finishers in a single race in order. This gives you a better idea of how small the house advantage is for these bets. As you can see here, the payouts are slightly lower than true odds. Pick up your winnings. Just before it’s your turn to be paid, you tell the dealer, “Same bet, please.”  The dealer pays your winnings by placing $14 in chips in the apron directly in front of you. A new game is about to start. For both your Pass Line bet and Place bet, an 11 doesn’t matter. Answer the following three questions. Where you can place a bet if your political prowess is second-to-none. Notice how Player #8’s Place bet (i.e., the $5 chip) is positioned on the back line of the Pass Line. Your personal bet on the winning horse: $2. As the dealer pays bets in front of you and it’s almost your turn to be paid, lean a little into the dealer and tell him what you want to do, such as, “Same bet,” or “Press it,” or “Take my five down.”  That way, the dealer can execute the payoffs quickly and under control. Since your Place bets were off on the come-out, you don’t win your Place bet on the 9 when the shooter rolled 9 as the new point. The shooter rolls a 4 on the very next roll and you win. Want a better shot at walking away a winner? For example, suppose the point is 4 and you want Place bets on the 5, 6, 8, and 9. You now have Place bets on the 5, 6, 8, and 9. Where the money is. Your Place bet on the 6 wins. That’s why I never use this approach; I don’t want to have to worry about keeping my chips perfectly on top of that back line. Calculating Payouts From Moneyline Odds. If you make a $20 Place bet on the 4 and win, just do some quick and easy math in your head to figure it out. Each race has a favorite. So if you're betting … Your Place bet on the 6 is still up and working. Show means a horse has finished in the third position. He counts out your $7 in winnings, and then puts $6 of it on your original Place bet on the 6, and he puts the remaining $1 in the apron directly in front of you. The game continues. 1. We won’t judge. The shooter rolls an 11. You make a $5 Flat Pass Line bet. Yet at Amwager, we post probable payouts for exacta and daily double wagers. The table is packed and you stand shoulder-to-shoulder between two gorgeous women (or men). The shooter rolls another 6. The dealer must strictly adhere to the payoff sequence, so if you’re the last one to get paid, he might not remember what you screamed at him. DO wait until you have the dealer’s attention before putting your chips on the table. Move over, James Bond, you’re a natural at this! These two rectangles are where the dealer positions all players’ Place bets. And some believe that online betting … You can now go to the page that we list the craps bets or You can now head over to the table of contents to find more great content. Depending on the race and the rules of the racetrack, the minimum could be slightly lower. To calculate prices … Either at the track on the tote board or on your online sportsbook, the odds will change depending on how many people are betting on each horse in the race up until post time. Therefore, the bet multiple for the 4 and 10 Place bets is $5. Now, you have five numbers working for you: Place bets on the 4, 5, 6, and 8; and the Pass Line with Odds bets on the point of 9. Odds are simply the way prices and payouts are shown at a horse track. Trifecta Key: Pick three horses, choose one to win and the others to come in second or third. To a beginner, all those numbers on the tote board and hearing all of the horse racing odds jargon can be pretty daunting. In your specific instance, a $2.00 place wager on Dr. Post paid out $5.80 so for a $10.00 place wager on Dr. Post would pay out … The shooter rolls another 6. Odds are displayed in one of two formats. You think, “What? (That all adds up to $32.). Some dealers have specific spots where they prefer you to put your chips, depending on your position at the table. The dealer removes all your Place bets. This approach saves the dealer from having to remove and replace chips from the table for players who like to turn their Place bets off and on a lot. American Odds are the default odds at American sportsbooks. If you use this approach, be careful to maintain the chips’ position directly on top of that line. If your chips are moved out of position and behind the line, then the crew and camera might think they’re an Odds bet on the Pass Line. Very good! That means, for every $5 you bet and win, you win $9. If you rely on this data to place bets, you do so entirely at your own risk. Here is an odds payout chart for $2.00 win bets, plus free betting, parlay, margin and hedge calculators and current carryovers for all horse tracks. It wasn’t a 7. The shooter rolls and a die flies off the table. 14. However, if you want it to remain “on” and working on the come-out, simply tell the dealer and he’ll put a little button labeled “ON” on top of your chips to indicate to the crew and camera that your bet is still working. Notice how their chip is centered perfectly on top of the back line of the Pass Line. This is a simple betting option that can be broken down into three components: Win, Place and Show. There are several types of pari-mutuel horse bets. As noted above, you can make or take down Place bets any time you want. Your Place bet on the 6 is still up and working. You feel the table is getting hot, so you take $30 in Odds on the point behind the line. After the come-out roll, the dealer then removes the ON button since the bet is then automatically understood to be on (i.e., working) after the come-out. With horse racing you are betting against other betters. The game ends immediately. Must be of legal age in the relevant jurisdiction to open a wagering account. 7. In the United States, most bookmakers use the moneyline format to express the odds they offer for wagers. For example, you can see from the table above if you Place bet the 6 for $30 and win, your payoff is $35 compared to the true-odds payoff of $36, which makes the house advantage only 1.52%. If you or someone you know has a gambling problem and wants help, call 1-800 GAMBLER. The shooter rolls a 9. You then drop some chips in the Come box and tell the dealer, “Sixteen dollars inside, please.”  What bets are you telling the dealer you want to make? These odds are based on winning $100 for a given bet. Once the winning horse has crossed the finish line, the house will deduct its take and the remaining amount is then divided among the people who bet on the winning horse. Are you one of them? Depending on the point, Place numbers are considered either “inside” or “outside.”  Generally, for Place bets, the 4, 5, 9, and 10 are considered outside numbers. Please see our terms and conditions for more details. (Remember, you can remove your Odds bet at any time, but can’t remove your Flat Pass Line bet.). Don’t let it scare you into giving up on this great game! Betting a Favorite: The odds for favorites will have a minus (-) sign, and represent the money you need to risk to win $100. In this example, what’s the minimum Place bet you can make on the 4? Suppose you make a $10 Place bet on the 4. The shooter made his point so the game ends. You feel the table is still hot, so you take $30 in Odds on the point behind the line. For all of your Place bets, the 7 doesn’t matter this time because your Place bets are automatically off on the come-out roll for a new game. When your bets hit, don’t scream with joy at the dealer telling him what you want to do with your bet the instant a number shows. In this example, since you feel the table is getting hot, you decide to move it to a Place bet on the 4. 12. DON’T throw or toss your Place-bet chips on the table because they’ll likely bounce and mess up all the neatly stacked and positioned chips on the layout. Should I Download Craps & Play for Money? Simply put your chips in the Come box in front of you and tell the dealer to Place whatever number(s) you want. Just before it’s your turn to be paid, you tell the dealer, “Same bet, please.”  The dealer pays your winnings by placing $7 in chips in the apron directly in front of you. Here’s how it breaks down: House takeout: $15,000 (15%) (This means there is $85,000 available to be won). Sure, placing a bet is easy enough but that is why most race goers walk out with less money than they came in with. Exacta: When you pick the first and second place horse in that order. These are the odds placed on each horse by the track’s handicapper. Payouts use the actual odds and are rounded down to the nearest nickel or dime, depending on the rules of the racetrack. “Winner, winner, chicken dinner!”  You high-five everybody at that end of the table. The shooter rolls a 4. The dealer then moves your chips to the appropriate location on the layout, which we’ll discuss in a moment. But remember, you don’t get the Win payoff, just the Place payoff, which is generally smaller than the win payoff. A 2/1 fraction suggests that for every 2 failures, there’s one chance of success, giving you a 33% probability; 3/2 means a 40% chance, 2/3 works out to 60%, and 10/1 means a 9% chance, and so on. Superfecta Box: Pick four finishers, they can finish in any order. A $2 place bet on your selection would return $2.60. Some craps casinos will vary the start point between the stickman and boxman for certain bets. The above calculations assume that the favorite either runs first or second. Except when you Place bet the point as described above, the dealer moves all players’ chips to the appropriate positions in the point boxes. Whew! Question #2 requires a bit more thinking. Since $15 is the table minimum, and since $15 is multiple of $5, the minimum Place bet on the 4 is $15 in this example. Things are getting a bit more interesting, so you pay more attention to the game and less attention to the babe next to you in her halter top rubbing against you shoulder-to-shoulder. Let’s explain some U.S. horse racing odds examples: So how exactly do you read horse racing odds. The dealer pays you $5 for your Flat Pass Line bet and $40 for your Odds bet. A new game is about to start. In today’s horse racing, the morning lines are rarely something to go by since they change so much as more bets are placed. Your Place bet on the 6 wins again (remember, this bet is up to $12). A new game is about to start. 16. The shooter rolls a 12. To see an example of this calculated, keep on scrolling! Do the math. You still have a Place bet on the 9 (which is now the point for this new game), so the dealer asks, “Sir, what would you like to do with your nine?”  You now already have the 9 covered by your Pass Line with Odds bets since 9 is the new point, so you don’t want to cover it again with a Place bet. Your Place 6 bet wins again. What Is A Trifecta Bet & How to Calculate Your Payout, Gulfstream Park Horse Racing: Track Profile, What Is An Exacta Bet & How To Calculate Your Payout. For now, let’s only talk about the two smaller rectangles on the top and bottom sides of the big square with the number in it. Pick up your $5 in winnings (leave your $5 Flat Pass Line bet there for the next game). Joe Biden VS Donald Trump. You may want to go back and review it several times to get a good feel for how the action goes. For example, if you stand next to the dealer, he may prefer you to put your chips in the apron directly in front of you instead of in the Come box. When the table is hot, it’s common to see several players have all six point numbers “covered” with Place bets, including the point. Now, look at the Pass Line to see the Player Positions indicated along the bottom line of the Pass Line. Casino Max is for almost anyone from anywhere in the world! Our betting odds calculator takes a step further and calculates the percentage probability of winning and losing.The team would win 5 out of 6 games and lose 1 of them. Therefore, in this case, “$16 inside,” means you want Place bets for $5 on the 5, $6 on the 8, and $5 on the 9. If the bet was for strictly $2 ea the payout would’ve been $3.20 + $2.40 for a total win of $5.60. ‍ Jackpotcity Casino Review. If the odd is displayed at 5.00, multiply this by your stake to calculate potential returns. You think, “I’m going to show these babes just how good I am.”  With the dealer’s attention, you drop $17 in chips in the Come box and say, “Give me the rest of the inside numbers, please.”  Since you already have a Place bet on the 9, the dealer takes your chips and knows you want $5 on the 5, $6 on the 6, and $6 on the 8. It is important to realize that with decimal style odds … Let’s see if you’re paying attention. The stickman shouts, “No roll!”  Uh, oh, this is bad luck. The hardest thing about making Place bets is remembering the multiples that you need to bet for each pairing and the payout when you win (review our other article about basic craps math to learn about the “pairings”). 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