In horse racing what does 3//5 odds mean

in horse racing what does 3//5 odds mean

How to read a tote board at a horse racing shuttleworthforcongress.orgtanding odds, payouts, and breakage when These odds do not represent the probability of a particular horse winning, but the payout ratio for a win wager. This means if you make a win wager of $2, your payout will always be least 3-5, 9-2.
When I had betting odds and Probabilityexplained to me in a simple manner it moved my understanding of the racing game on in leaps and bounds. How do.
Although it won't tell you how much the horse will pay, it does show the amount For example, 3-5 odds means that for every you wager, you'll win. Okay, so we've got all of these exotic bets where you're trying to pick the order of finish or the winners in multiple races. Sometimes you will see Evens or EVS displayed. Casinos, for example, offer odds that place themselves at an advantage, which is how they guarantee themselves a profit and survive as businesses. This is often the case in problems of sequential decision making as for instance in problems of how to stop online on a last specific event which is solved by the odds algorithm. Moneyline refers to odds on the straight-up outcome of 5797 Bivoj game with no consideration to a point spread. However, if you want an easier way to calculate your wagers, you can find a variety of waging calculators on the web, including a nice one at shuttleworthforcongress.org.
in horse racing what does 3//5 odds mean