![]() ![]() ![]() 9/1 can be calculated as 1 / (9 + 1) = 0.10 – There is a 10% chance that the event will happen. Using Betting Odds to Calculate Probability Here is the calculation: Probability (%) = B / (A+B). ![]() So a winning $50 bet at 4-5 would return a total of $90, giving you a profit of $40. Traditional Odds in Online Horse Betting This is why ‘odds-on’ horses still give you a profit, so if your horse goes off at 4-5 this is basically 0.8 to 1 which is a negative, but you would still return your stake too. What does 4 to 5 odds mean in horse racing? If you see fractional odds the other way round – such as 1/4 – this is called odds-on and means the horse in question is a hot favourite to win the race. Odds with $2 Minimum Payoff for Horse Racing Oddsĩ/4: For every 4 units you stake, you will receive 9 units if you win (plus your stake). ![]()
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