If I bet 20 dollars on a horse with 20-1 odds, and it wins, how much money would I win?
Based on a bet of $20 on a horse priced at 20/1, if the Horse won then your return would therefore be:
- Total return = $420
- Actual Profit = $400
Calculate your winnings using this simple Betting Calculator.
There are three various ways that sports betting odds can be displayed:
- American Odds (eg +110)
- Fractional/UK Odds (eg 12/5)
- Decimal/European Odds (eg 3.40)
As you'd possibly expect, American Odds are very popular with sports books in the United States. American sports betting odds work in a different way for favorites and underdogs, and are sometimes known as Moneyline Odds.
Fractional Odds are popular in the United Kingdom and are also frequently used in horse racing. Fractional odds can also be referred to as UK Odds, British Odds or Traditional Odds.
Decimal Odds are most popular in Australia, Europe and Canada, and according to Onlinegambling.com are the easiest to understand. Most online sports books will offer the selection of displaying their odds in decimal fashion. They are sometimes recognized as European Odds in the UK.
Arizona Gov. Jan Brewer has signed a bill designed to allow telephone betting at horse and dog racing tracks in the state. The bill by Sen. Steve Pierce of Prescott makes it legal in Arizona to bet via telephone and aims to help struggling race tracks that have seen their popularity plummet as Internet gambling and casinos have taken become popular. Telephone betting is already legal in other states. Read more at Arizona Capitol Times.