In percentages, Kauto Star is thought to have a 33.3% chance of winning the Gold Cup, while Time For Rupert is the least likely to win, with a 2.9% chance.Ī perfect betting market should tally up to 100% when you add up the probabilities of every horse in the race, with any extra accounting for the bookmakers’ profit margin. Let’s say we have a seven-runner Cheltenham Gold Cup, with the following market Kauto Star 2-1, Denman 3-1, Imperial Commander 6-1, Cue Card 8-1, The Giant Bolster 12-1, Burton Port 16-1, Time For Rupert 33-1.Īt those odds, Kauto Star is the favourite as he is the shortest price in the market and therefore has the best chance of winning.

For example, a 10-11 chance would have a 52.4% chance of success. is ‘odds on’ - therefore has a greater than 50% chance of winning in the eyes on the market. That means that anything that is shorter than evens – i.e. That means that if you stake £5 you will win £5 plus your stake and your horse has a 50% chance in the race in the eyes of the bookmakers. The middle ground mark of this scale is even money or ‘evens’, where the odds read 1-1. That means that you would need to place £100 in order to win just £1 and in the eyes of the bookmakers that horse would have a 99% chance of winning the race.Īs the odds get bigger the percentage of the horse winning gets smaller. In theory, odds can be as short as they need to be, but on the Betfair Exchange scale the shortest price a horse can be is one hundred to one on, or 1-100. Fractional odds are more common in the UK – particularly in horse racing – so we’ll go with those for an example. Odds can be displayed in two different ways in the UK, as decimals or in fractions, but they mean the same thing either way.

The prospect of being handed a list full of horse racing betting digits can be overawing, but in reality odds are essentially there to tell you the chance of your selection obliging and also how much you stand to win.

Live streaming for horse racing is availableīetting on horse racing certainly can seem both daunting and confusing if you’re a novice, but with a little bit of practice it doesn’t take too long to master.

Min odds greater than or equal to 1.5 required.

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