Live Horse Racing Betting Odds
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- Live Horse Racing Betting Odds Calculator
- Live Horse Racing Betting Odds
- Live Horse Racing Betting Odds Chart
These are the latest Morning Line odds for almost all racetracks worldwide.
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Live Horse Racing Betting Odds Calculator
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- Our live betting feature allows you to bet on your favorites quickly and easily, and in real time. Client input is extremely important to us so feel free to offer your valuable suggestions to help us give you the best platform for all your sports betting, horse betting, poker and casino gambling needs.
- Odds express the likelihood of an outcome in a race happening – most commonly a horse winning the race. The odds are most commonly presented as fractional for those in the UK and Ireland, such as 3/1 – though users of the Betfair Exchange will likely be more aware of the decimal format – for instance 4.00.
- The live or in-play betting market has become extremely popular in many sports and horse racing is among the first to embrace the same. The advancement in technology allows the possibility to place a wager on an event even after it has been flagged off.
Latest Horse Racing Odds
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How to Calculate Betting Odds and Payoffs
Betting on the outcome of horse racing can be fun and profitable and, if you know what you're doing, you might even be able to beat the odds.
The horse racing betting odds for each horse are displayed on a tote board at the track or on the betting ticket online. The basic information on the betting ticket window is the 'odds to win' for each horse. Although it won't tell you how much the horse will pay, it does show the amount of profit you will get if you win and the amount you have to bet to get it. For example, 3-5 odds means that for every $5.00 you wager, you'll win $3.00.
Find top Horse Racing Odds, News, Analysis and Expert Picks provided by VegasInsider, along with more information to assist your sports handicapping.
Payouts are determined by how much is in the total pool (all the money bet on all the horses to win) minus the 'take' which is usually between 14%-20% depending on the track. The take varies from state to state and the money is used to pay taxes, purse money for the horsemen, expenses at the track, and the track's profit.
Most tracks require a $2.00 minimum bet, here are the pay-offs for $2 win bets:
| ODDS | ODDS | Payout | ODDS | |
| 1-5 | $2.40 | 8-5 | 6-1 | $14.00 |
| 2-5 | 9-5 | $5.60 | 7-1 | |
| 1-2 | $3.00 | 2-1 | 8-1 | $18.00 |
| 3-5 | 5-2 | $7.00 | 9-1 | |
| 4-5 | $3.60 | 3-1 | 10-1 | $22.00 |
| 1-1 | 7-2 | $9.00 | 15-1 | |
| 6-5 | $4.40 | 4-1 | 20-1 | $42.00 |
| 7-5 | 9-2 | $11.00 | 30-1 | |
| 3-2 | $5.00 | 5-1 | 50-1 | $102.00 |