Money wagered and the horses’s odds affect the payout amount.
The greater the risk, the greater the reward. Horses facing long odds payout more than favorite horses. Check the odds listed next to your horse. A small number indicates a favored horse. A large number indicates a long shot.
In most cases, odds are listed next to the horse’s name. Wager type, odds and pool size determine final payout amounts. See our discussion of various ways to bet on horses for more information.
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The following are two charts: payouts for $2 and $1 wagers.
Payout on $2 Horse Racing Bet – $2 Horse Bet Payouts
| Odds | $2 Bet Pays |
|---|---|
| 1:9 | $2.20 |
| 1:5 | $2.40 |
| 2:5 | $2.80 |
| 1:2 | $3.00 |
| 3:5 | $3.20 |
| 4:5 | $3.60 |
| 1:1 | $4.00 |
| 6:5 | $4.40 |
| 7:5 | $4.80 |
| 3:2 | $5.00 |
| 8:5 | $5.20 |
| 9:5 | $5.60 |
| 2:1 | $6.00 |
| 5:2 | $7.00 |
| 3:1 | $8.00 |
| 7:2 | $9.00 |
| 4:1 | $10.00 |
| 9:2 | $11.00 |
| 5:1 | $12.00 |
| 6:1 | $14.00 |
| 7:1 | $16.00 |
| 8:1 | $18.00 |
| 9:1 | $20.00 |
| 10:1 | $22.00 |
Odds – Payout on $1 Horse Racing Bet – $1 Horse Bet Payouts
| Odds | $1 Bet Pays |
|---|---|
| 1:9 | $1.10 |
| 1:5 | $1.20 |
| 2:5 | $1.40 |
| 1:2 | $1.50 |
| 3:5 | $1.60 |
| 4:5 | $1.80 |
| 1:1 | $2.00 |
| 6:5 | $2.20 |
| 7:5 | $2.40 |
| 3:2 | $2.50 |
| 8:5 | $2.60 |
| 9:5 | $2.80 |
| 2:1 | $3.00 |
| 5:2 | $3.50 |
| 3:1 | $4.00 |
| 7:2 | $4.50 |
| 4:1 | $5.00 |
| 9:2 | $5.50 |
| 5:1 | $6.00 |
| 6:1 | $7.00 |
| 7:1 | $8.00 |
| 8:1 | $9.00 |
| 9:1 | $10.00 |
| 10:1 | $11.00 |
The odds and payouts above are the most common in horse races. Different odds and payouts are offered for large races. This includes Kentucky Derby Betting. Long shot horses in the Kentucky Derby frequently face 30:1 to 50:1 odds. The extreme competition and large field make some horses less probable to win.
Feel free to print this page out. Use it as reference when learning how to bet on horses.
Good Luck and don’t forget to visit our recommended horse racebooks!
| See Also |
|---|
| How to Bet On Horses |
| Win Place or Show Betting |
| Online Horse Betting Sites |