e racetrack also influence them.

No one wants to be insulted and have unattractive odds placed on their horse so sometimes the morning line you see is invalid. Next the public handicappers come in. The see the sometimes flawed morning line, and add their input like any 'Hot tips' they may have received. This i

No matter where you are, at the Melbourne Cup in Australia or placing bets with BetFair, each thoroughbred in the race has odds set on it. The odds show you how much money you would collect based on your wager. If the horse's odds are 2:1 you get ?2 for every ?1 you wagered. Odds are determined by figuring the percentage of all the money wagered, less the racetrack's take, bet on one particular horse. For example, there is ?1000 total bet on the race. Of that ?1000, say ?200 is placed on your horse.

First you need to subtract the racetrack's take, usually between 10% and 20%, in this case 20% from the total amount bet, 1000. So you have 800 remaining after removing the take. You then subtract out the amount put on your horse and end up with 600. Then divide the 600 by the amount placed on your horse, 600/200. You will end up with 3. So your horse will go off at 3:1 in that race. Prior to any betting taking place a morning line needs to be established. This is based off guesses by anyone from the race office employees to newspaper handicappers. They have a tough job. They need to predict, sometimes up to 48 hours prior to post time, how the public will bet without any knowledge of late scratches, workouts, etc. Horse owners and the owners of the racetrack also influence them.

No one wants to be insulted and have unattractive odds placed on their horse so sometimes the morning line you see is invalid. Next the public handicappers come in. The see the sometimes flawed morning line, and add their input like any 'Hot tips' they may have received. This in

ntage of all the money wagered, less the racetrack's take, bet on one particular horse. For example, there is ?1000 total bet on the race. Of that ?1000, say ?200 is placed on your horse.

First you need to subtract the racetrack's take, usually between 10% and 20%, in this case 20% from the total amount bet, 1000. So you have 800 remaining after removing the take. You then subtract out the amount put on your horse and end up with 600. Then divide the 600 by the amount placed on your horse, 600/200. You will end up with 3. So your horse will go off at 3:1 in that race. Prior to any betting taking place a morning line needs to be established. This is based off guesses by anyone from the race office employees to newspaper handicappers. They have a tough job. They need to predict, sometimes up to 48 hours prior to post time, how the public will bet without any knowledge of late scratches, workouts, etc. Horse owners and the owners of the racetrack also influence them.

No one wants to be insulted and have unattractive odds placed on their horse so sometimes the morning line you see is invalid. Next the public handicappers come in. The see the sometimes flawed morning line, and add their input like any 'Hot tips' they may have received. This i

000. So you have 800 remaining after removing the take. You then subtract out the amount put on your horse and end up with 600. Then divide the 600 by the amount placed on your horse, 600/200. You will end up with 3. So your horse will go off at 3:1 in that race. Prior to any betting taking place a morning line needs to be established. This is based off guesses by anyone from the race office employees to newspaper handicappers. They have a tough job. They need to predict, sometimes up to 48 hours prior to post time, how the public will bet without any knowledge of late scratches, workouts, etc. Horse owners and the owners of the racetrack also influence them.

No one wants to be insulted and have unattractive odds placed on their horse so sometimes the morning line you see is invalid. Next the public handicappers come in. The see the sometimes flawed morning line, and add their input like any 'Hot tips' they may have received. This i

to be established. This is based off guesses by anyone from the race office employees to newspaper handicappers. They have a tough job. They need to predict, sometimes up to 48 hours prior to post time, how the public will bet without any knowledge of late scratches, workouts, etc. Horse owners and the owners of the racetrack also influence them.

No one wants to be insulted and have unattractive odds placed on their horse so sometimes the morning line you see is invalid. Next the public handicappers come in. The see the sometimes flawed morning line, and add their input like any 'Hot tips' they may have received. This i

e racetrack also influence them.

No one wants to be insulted and have unattractive odds placed on their horse so sometimes the morning line you see is invalid. Next the public handicappers come in. The see the sometimes flawed morning line, and add their input like any 'Hot tips' they may have received. This information finally gets to the public who place their bets on the sometimes-flawed information. Of course the public adds their tips like those from their uncle who knows a guy, who knows a guy. All of this input moves the odds one way or another. Remember the odds are based off of the money placed on your horse compared to all the money wagered. This can sometime sway the odd even in the wrong direction. A horse at race time that was 2:1 could end up even money at the end of the race.

As you can see there are a lot of factor that influence the odds of any horse race. You need to factor this into your wagering decision. By understand how odds are established and their affect you may be able make more money or lose less.