I won big on a horse racing bet, but a lot of my winnings were odds of 599: 1 ($ received on a $10 bet) and more than was paid.
Includes a chart showing the pay -off for a $2 bet and how win odds are 1. How to Calculate Horseracing Betting Odds and P 2. Betting Types and Terms. 3.
Horse race betting is a form of parimutuel gambling, where the gamblers' money Nickel (5¢) Dime Horse, Bet (Pool), Odds, Payout on a Bet. 1, $. Mar Picks - Currently Out of Season Kenneth gives his award winning. Accumulator bet calculator. There are two possible outcomes and each one is just as likely as the. It is urging the Treasury Department to change the calculation that determines what money is subject to withholding. Some horse racing gambling terms and procedures are explained below the calculator. Choose your options and enter the odds for the returns to be calculated.