I always do this mental conversion to decimal equivalents for clarity in my own mind.To calculate prices for odds other than X-1, simply convert the (fractional) odds to a decimal equivalent and do the same calculation.įor example, odds of (8-5) equals 1.6 x $2 = $3.20, Add $2 = $5.20 payout.Multiply the Tote-Board odds times $2 and then add the $2 wager back.įor example, #8 is (7-1), so 7 x $2 = $14, Add $2 = $16 payout. How do you calculate the expected payout for a Win Bet? The Tote-Board Win odds are above each horse in parenthesis. I’m going to use the diagram (of the finish of a race) below to answer some common questions on the Win, Place, Show bets. SHOW (S) bets require that a horse finishes in 1 st, 2 nd, or 3 rd place. PLACE (P) bets require that a horse finishes in 1 st or 2 nd place. WIN (W) bets require that a horse finishes in 1 st place.
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