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п»їHow to Calculate Horse Racing Betting Odds and Payoffs.
It's surprising at how many people make bets on horse races without the slightest understanding of the tote board. While all of those numbers on the board may seem imposing, the odds and payoffs are actually pretty easy to learn. And by doing so, you will be able to make and calculate better bets.
Reading the Win Odds.
The easiest information on the board is the win odds quoted on each horse. They don't tell you what the horse will pay, but the amount of profit you will get and the amount you have to bet to get it. For example, 6-5 means you will get $6 in profit for every $5 you wager, while 20-1 means you get $20 in profit for every $1 you wager. In the latter example, a bet of $2 means you would get $42 back for a winning wager.
Payoffs use the actual odds and are rounded down to the nearest nickel or dime, depending on the rules at that track. This rounding is called breakage.
Calculating the Win Odds on a Horse.
If you want to calculate the exact win odds on a horse, you will need to use a couple of other figures from the tote board:
Total win pool Amount bet on that horse.
The total pool is all the money bet on all the horses to win, but it is not the amount that will actually be paid out to the holders of winning tickets. Before the track pays off the winners, they deduct the "take," which is generally between 14 and 20 percent and is different in every state. This money goes to pay state and local taxes, payment for the horsemen, expenses at the track, and the track's profit.
To calculate the exact odds on your horse, just subtract the take from the total pool, then subtract the amount bet on your horse to give you the amount of cash to be paid out.
Divide that figure by the amount bet on your horse to get the exact odds. This figure will always be rounded off to the nearest dime (usually) or nickel, as mentioned previously, before the payoffs are calculated. Here is a simple example of win odds calculation:
Total pool: $900 Amount bet on horse No. 1: $300 Take amount: 15 percent $900 minus 15 percent equals $765 $765 minus $300 equals $465 $465 divided by $300 equals $1.55.
Round this amount off to $1.50 for breakage and you get odds of 1.5-1 or 3-2, as it would normally be written, which yields a payoff of $5 on a wager of $2.
Payoffs for $2 Win Bets.
Since most tracks have a $2 minimum bet, below is a handy chart to look up the payoff for a $2 bet at various odds. Remember, your actual payoff may differ from this chart, as the odds on the tote board are rounded off, so 2-1 odds on the tote board may actually be 1.9-1 or 2.2-1.


2021 Sam F. Davis Stakes morning-line odds, picks: Racing insider offers bet strategy for Saturday's race.
A field of 12 horses will try to take a step towards the 2021 Kentucky Derby when the starting gate opens on Saturday in the 2021 Sam F. Davis Stakes at Tampa Bay Downs. The Dale Romans-trained Smiley Sobotka is the 3-1 favorite in the latest 2021 Sam F. Davis odds. Post time is 5:02 p.m. ET.
Before you make any 2021 Sam F. Davis picks, you NEED to see what racing insider Bob Weir has to say.
Based in Saratoga Springs, N.Y., Weir has been handicapping and following horse racing since reading Andy Beyer's landmark handicapping book "Picking Winners" in the late 1980s. Weir is highly invested in the Beyer Speed Figure, a number assigned to every race run by a horse that measures how fast the horse ran. He uses the figure as the backbone of his handicapping. In fact, thanks to his proficiency with speed figures and top-tier handicapping, he landed one of just eight spots on Beyer's figure-making team in 2017, a position he holds to this day .
Weir's methodology has produced multiple five-figure days. In 2014, he hit a $60,000 Pick 6 at Del Mar. The following year, he nailed a $31,000 Pick 6 at Gulfstream Park. In 2016 and 2017, Weir qualified for the prestigious National Horseplayers Championship in Las Vegas ! And on Sunday he hit the late Pick 4 at Sam Houston Race Park.
Last year, his first for SportsLine, Weir was on fire. In June, Weir hit a $2 superfecta in the Ogden Phipps Stakes that paid a whopping $1,039. He crushed the exacta and trifecta in the Forego Stakes in August for $1,134.50. He hit the late Pick 4 at Belmont Park on June 18, June 19, June 25, July 2 and July 5, with the June 25 score returning a whopping $2,159.50. Last Sunday, he nailed the late Pick 4 at Sam Houston Race Park . Anyone who has followed Weir is way up.
Now, he has handicapped the 2021 Sam F. Davis Stakes field, made his picks and constructed his bets.
One shocker: Weir is almost completely fading Smiley Sobotka, even though he's the top favorite at 3-1 .
Instead, Weir's top pick is a horse who "has every right to improve as a three-year-old." He also is high on another double-digit long shot who can spice up your payday . Weir is including these horses in his exactas, and so should you. You ABSOLUTELY need to see which horses they are before locking in any picks!
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