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How Bets Work Betting Odds

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Betting odds allow you to calculate how much money you will win if you make a bet.

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Let’s use the same examples as before, with the same replacement of numbers for letters, i.e. Quite simply, for every value of B that you bet, you will win A, plus the return of your stake. 91 for every 1 you bet, you will win 9. Based on this, there has a movement to attract more people to horse racing by making it more accessible to the average punter. Ten years ago, if you were going to Cheltenham, all the odds would be displayed as fractional odds.

Now, they’re largely all in decimals. Betting odds represent the probability of an event to happen and therefore enable you to work out how much money you will win if your bet wins. When you are considering what odds are right for you, there are three key factors to consider.

One is what level of risk you would prefer. If you want to work out how betting odds work, the first thing to know is that odds are generally presented in three different ways. These are fractional, decimal and American. As the name does suggest, American odds are largely dominant in the U.S. How do Decimal Horse Racing Odds Work? If you watch horse racing coverage on TV or read any of the mainstream coverage you’ll see fractional odds mentioned.

They are part and parcel of horse racing but a key of the strength of online betting is making it as easy as possible for punters. Horse racing betting odds are notorious for these gambles. Even without a major gamble, the odds are subject to fairly significant shifts over time. It is vital to understand this element of horse racing betting in order to best take advantage of the odds provided by the bookies.

More Guides on Horse Racing Betting. What is a Nap in Horse Racing? January Find out what a nap is and how they can help your horse racing betting. Tags Horse Racing Betting Guide. But understanding how to read horse racing odds is actually simple. Odds are the return you can expect to get if the horse you bet on is successful. It reflects the amount of money bet on a horse the more money that is invested, the shorter the odds. When horse racing odds are shown in the form of, etc, it expresses the amount of profit to the amount invested.

If a bettor wants to know exactly how much money will be returned to them from a successful bet, multiply the mutuel payout by the amount invested, and then divide by two. So if a bettor invested 10 to win on a horse that won at a mutuel payout of, multiply by 10 55, and then divide by 2 final payout. EXOTIC WAGERING Longer Odds Bigger Payouts. Note betting odds are always changing. They do not become official until the horses break out of the gate. So it's possible that you bet on the horse when it was, but its odds can change before post time.

If you bet at, but the horse is by the time the race starts, then all you get is the Make sense? With Zcodes System you may get some extra cash since you may have all the activities betting techniques that work in only one Zcodes System.

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How American Moneyline Odds Work. American odds aka moneyline odds or US odds are popular in the United States.

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The odds for favorites are accompanied by a minus - sign, indicating the amount you need to stake to win The difference between the odds for the favorite and the underdog widens as the probability of winning for the favorite increases.

Let’s understand this with the help of an example One of the popular betting websites priced the NCAA "Sweet 16" men's basketball game between Duke and Syracuse on March 23, with the following moneyline odds. Syracuse + Duke The bookmaker has offered odds of + for Syracuse, which indicates that the bookmaker has placed a much lower probability about 15 on Syracuse winning the game. How do horse racing odds work each way?

We go over each-way betting in some detail on this page, but we’ll provide a simple overview specific to horseracing here. When you bet on a horse you will be offered the option of checking an each-way’ box on the betting slip. If you tick this box your stake will automatically be doubled.

50 of this stake will then go into a bet on your selection placing in the race. Typically the odds on the horse placing will be of the price offered on it winning the race, but in some cases, depending on the size of the field or the bookie you’re using, this can r. Most sports betting sites use American style betting odds and a lot of people seem to have troubles understanding how to read the betting odds and how exactly they work.

In this video I do my best to quickly explain how American style betting odds work. In the video I give an example using both negative odds and positive.

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Betting odds look complicated, but they are really very simple! Online bookmakers define the betting odds on the basis of two musecrafters.comt betting sites in India Cricket Betting Site List - Our top rated sites in India The probability of a What betting odds merely do is present how likely the event is to happen.

Bookies most frequently in the UK do this as a fraction, i.e. 47, whilst the vast majority also offer the ability to view them as decimals. Again, let us talk you through them. You always hear pundits, newspapers an the like talk about value prices’ in the betting world.

But rarely do any of them attempt to explain how betting odds work, why is that? Probably because if they did, you’d realise how bad the offering usually is. For a full-on explanation as to how betting odds work, you should check out this link here Best article How Betting Odds Work Why Do You Need To Know? But, if you want to make some money from betting it’d be foolish to not understand the system. There’s only one way to make money in this world by gettin.

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So now you know how to place a bet at the horse races.

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With that bit of info, you can go to any track in America and have a good time picking a random horse and betting your 2 on each race. But if you’re like most people, your goal isn’t to simply pay 2 to watch a bunch of horses run around a track.

For every race, each horse will have the odds of it winning next to its name in the program. The favorite to win is the horse with the lowest odds. While past performance doesn’t guarantee future results, the statistics show that over time going for the race favorite pays off. Unlike casino betting where bets are placed against the house, horse racing wagers are based on the pari-mutuel system where each bet is placed in an individual pool that is shared by the winners.

In this sense, bettors are really betting against one another. The host track makes money by extracting a percentage of the pool known as the takeout with the winning bettors sharing the remainder.

Regular horse players are always keenly aware of the odds of the horse they choose to support as the odds dictate the payouts they will receiv. From Betting on Horse Racing For Dummies by Richard Eng People have been betting on horse races since horses have been running. Betting on the outcome of formal horse races can be fun and profitable if you know what you’re doing and can beat the odds.

Betting on Horse Racing For Dummies offers lots of info to help better your odds including advice on what to pay attention to and what tools can help you at the track as well as the mechanics of placing a bet, the types of bets you can place, and your odds of winning.

Betting on horse racing isn’t a complicated procedure. Usually, the smaller the number meaning the shorter the odds the more likely the bookmaker thinks this outcome is. So, which type of odds betting is better? While there’s a movement towards decimals, there’s no clear winner. Understanding betting odds can be tough, but decimals tend to be a little easier.

The shift began in horse racing, to make it easier for the average bettor to understand. Also, it’s important to be aware that fractional odds only represent winnings - not your returned stake as well.

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How do decimal betting odds work? Decimal odds are the easiest type of odds to understand.

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To calculate your winnings using decimal odds, simply multiply your [tooltip textstake gravityn]Your Stake is the amount of money you wish to bet[tooltip] by the decimal number. Fractional betting odds are favoured in the United Kingdom and Ireland and they’e the most popular type of odds used in Horse Racing. Although they may look confusing at first, they’re actually not that hard to work out. Lets jump right into looking at an example of how Fractional odds work If you wanted to bet 50 at odds of 64 six to four, this is how you would work it out First you have to add the numbers of the fraction together, in this case it would be 6 + 4. To learn more about how fractional odds work in betting click here.

Odds are simply a reflection of the implied chance, or likelihood, of the outcome of an event. Let’s look at tennis, where Andy Murray is playing an early round match against a relatively unknown player. Matched betting is a clever way to turn bookmakers’ free bets and promotions into real money. It involves odds and placing bets, but it’s not gambling. The process of matched betting means that you eliminate the risks usually associated with gambling.

And you don’t have to do it on you’re own. You don’t even need to know anything about sport! Here at OddsMonkey, we have a range of software, services and support matched betting tool called the OddsMatcher. There are three different ways in which sports betting odds can be displayed. Despite all being presented differently, the above examples all translate to the same chance of winning all will yield 2 of profit for every 1 wagered successfully.

Fractional odds, also referred to as British odds, UK odds or Traditional odds, are often used in horse racing. These odds quote the net total which will be paid out to the bettor should they win, factoring in their stake. On the other hand, a gambler backing Manchester United, who have odds of 15, will see a payout of just 1 for every 5 bet.

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If you have ever wondered how betting odds work, here you will find detailed information and examples for odds compiling on the most popular sports. Some people find everything about betting odds to be complicated, but there really is no need because it is all very straightforward, not to mention great fun as you can then easily work out how much money you could end up winning if all of your selections are correct. If you are interested to find out even more about bookies odds, you will come across what is known as value,’ and this is what many professional punters use to decide whether they should place a bet or not. Taking Your Horse Race Betting to the Next Level.

Horse racing is the third most popular sport to bet on in America, which is pretty impressive considering that it comes in regarding the number of people who watch it. The truth is that horse racing is not valued for the thrill of the sport itself, the main reason that people watch it is because they want to bet on it. Fixed odds betting is one of the most common systems across different sports. When you place a bet using fixed odds, you stake a wager with a bookmaker, who has established odds for that bet.

However, it doesn’t work on pari-mutuel betting because there is no way to control the size of the pool. But if you are using fixed odds, you might as well get the best value for your money. Understanding betting odds is easy with my simple Betting Odds Explained guide.

You'll learn what betting odds are and how they work. There’s a 50 chance that the coin will land on heads and a 50 chance that the coin will land on tails. Betting odds tell us how much we stand to win if our bet is successful. They can be displayed as fractions or decimals. Traditionally, bookmakers display their odds as fractions, such as 91 on England to win the World Cup.

Fractional odds tell us how much we stand to win in relation to our stake. The number on the left side of the fraction is the amount we stand to win if we stake the amount on the right side of the fraction.

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Are you a little confused about how betting odds work? Perhaps you can’t quite get your head round the subtle differences between fractional and decimal odds. Maybe tote betting odds leave you out in the cold. And whatever is meant by money line odds, do I really need to know? It is a pool betting system in which the winnings are paid out from a fund created by pooling all the money wagered on that particular type of bet at the event generally a horse or greyhound race. For instance, if a total of 10, is placed on win bets on a particular race then the pool is 10, Deductions are made from to pool to cover the expense of running the tote and of contributing to horse racing.

Typically this is around 15, leaving the pool with 10, 1, 8. The bookmakers assign each horse a probability of winning, represented by its odds.

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The percentage of the "book" represented by particular odds can be calculated by adding one to the odds and dividing the resultant figure into For example. How to read Horse betting odds? Odds may not seem that easy at first, especially for Horse racing. Things seem to get more complicated there, but once the core representation of odds is understood it becomes much easier to absorb.

Simply said, odds represent the implied probability of something to happen in mathematical values. Odds vary from horse to horse, and odds progress and change before races. It all signals the bookmaker's opinion on the outcomes and which horse bookies places to win the race. There are also few different types of horse racing odds, with different formating used i. Betting odds work on this principle, from then on a betting firm factors in their profit margin.

The simplest explanation would go something like this This is also why shorter odds are so important in horse racing markets. Just think, if a horse’s price indicates it has a 50 chance of winning, it holds a pretty big influence over the rest of the market. But what about the total over-round calculation?

It’s just the sum of the implied chance within any given market. Here’s an example of what the odds look like on a betting exchange like Betfair or Betdaq. Notice the total over-round is as in this instance. The more competitive and active a market is, the closer the over-round will be to.

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It's surprising at how many people make bets on horse races without the slightest understanding of the tote board. While all of those numbers on the board may seem imposing, the odds and payoffs are actually pretty easy to learn.

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And by doing so, you will be able to make and calculate better bets. The easiest information on the board is the win odds quoted on each horse. They don't tell you what the horse will pay, but the amount of profit you will get and the amount you have to bet to get it.

For example, means you will get 6 in profit for every 5 you wag. Horse Racing Betting Tips How to Make Money on Horse Racing. Last updated January 1st, Horse racing is a hugely popular sport to bet on. It’s also a time consuming exercise for those with the desire to successfully turn a profit. A wealth of knowledge is needed to pick out high quality horse racing betting tips, and with thousands of horse races taking part annually, it’s easy to accumulate statistics to work from.

If you can work out a horse’s perceived chances of winning, and the odds on offer are significantly good value in comparison, then you’re onto a very profitable career in horse race betting.

When looking at how to bet on horse racing profitably, take all of the horses in a race and try to map out their recent successes and failures. Betting odds are the basics of your betting adventure. Odds are a comparison between one team or player and the other, based on their previous games, current performance, possible injuries and what outcome the bookmakers expects. Lower odds indicate who is more likely to win the game or what is more likely to happen.

Let's take a look at the following basketball game - Los Angeles Clippers vs. Cleveland Cavaliers - moneyline and place a 10 bet on our favorite team. Los Angeles Clippers to win odds are 3, Cleveland Cavaliers to win odds are 1, This is why their odds are lower and that's how betting odds work.

The lower the odds - the higher the chance of it happening. This should be the basics of betting. For instance, let's take a look at a soccer match.

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Horse betting has something for all, whether you are still a novice or an expert there is always something to new to learn on different strategies that might appeal to you.

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Strategies help the bettor pick the right selections when one wants to invest more in a race. Statistical analysis has proven that when horses with odds within these ranges only win about 17 of the time, when in the top three rankings of the race.

The Beaten Favourite Strategy. This is when you bet on a horse that has lost his last race but previously won races. All you have to do is check the history and the rankings of the horse. The strategy will work on the terms that the horse ranked second in the last race. The jockey riding the horse on the day of the event was riding the horse for the first time. Betting Odds - Guide to the best tips on adapting sports betting odds for Indonesian, Hong Kong, and Malay odds.

Convert odds easily at top sportsbooks. A gambler with a good working knowledge of the odds systems would look at these odds, or price’, and then see how likely it is for an event to occur. With hundreds of sportsbooks at their disposal, they can shop around and find the best value. Comparing the best odds between different companies is crucial for the bettor. Online bookmakers will offer odds based on what they think is the implied probability of an event occurring.

They will then reduce the odds down, creating a guaranteed profit for themselves. Odds can change, especially if large bets come pouring in. Betting odds explained Odds are the payout of a winning bet, but also how likely an event is to happen. What do the formats Decimal and Fractional mean. With the BOG what you receive is confirmation from the bookmaker that whichever is the highest odds out of the price you took when you placed the bet, or the Starting Price of the horse when the race got under way, that is the price you will be paid out at.

There can be some confusion over exactly how this promo works with some bookmakers. In example one we’ll take any best odds guaranteed for horse racing promotion. A punter places a 10 win bet on a horse running in a UK race with any of the bookies listed above. When they place the bet their selection is priced at 61, but when the race starts the SP of the horse is 81.

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OddsShark is the internet's top source for horse betting odds, analysis and picks. We have betting information on races such as the Kentucky Derby, Preakness Stakes, Belmont Stakes and for every other big race as well as tutorials that teach you how to bet. How does an enhanced odds work?

Basically, you have to choose an enhanced offer, open a new account with the bookmaker who is offering the price boost or login your existing one and place a qualifying bet on the correct market at the enhanced price. The terms and conditions for enhanced odds could be a little tricky to navigate through, so we list the the things you need to check before to take an enhanced bet.

For new customers or for existing customers.

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The most common type of enhanced odds deal is strictly for new customers. On occasion, you may see this type of offer listed for curren. Betting odds are used to determine the winnings of a bet and are a display of the probability of an event. There are generally three main categories of odds when talking about probabilities, even, long and short. We’ll go over each type and explain how betting odds work. Well, this is something usually seen when betting on horse racing.

It allows you to have a kind of insurance to protect your winnings if your selection narrowly misses out on the win. Each way bets are made up of two equally sized bets, one on your selection to win and the other on your selection to place in any of the top positions, usually the first 4 or 5. When you place an each way bet, you are betting on two separate outcomes on the same race, so although you can lose your initial bet. If you’re wondering how do odds work or want betting odds explained, then I can help.

I’ve been gambling and using betting odds in horse racing for many years. So, how do betting odds wo Was this answer helpful? At musecrafters.com we would like your input to help others become successful with their punting.

At the end of the day, betting is all about making profit. We’ve made our horse racing betting how to guide interactive and want to know what the best horse racing bet types have been for you down the years? By joining our racing betting community you can share your best types of horse bets. It is simple and free to do so and we will give you reward points for every contribution made to our betting guide.

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Odds represent which team, horse, or athlete has the highest probability of winning. While there are different ways to write odds, they all indicate how likely one outcome is in comparison to another. Ex When I flip a coin, it is just as likely that I flip heads as tails. The odds are equal, or one to one. "Was researching betting odds and how they work for a fictional story. I've tried learning this before, but it's always very confusing.

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How should you bet your money to guarantee that you can always make money no matter which horse wins? I found this question from Horse Betting Odds - But Guaranteed Win! I think if I bet my money on A, B, C, and D under the following scenario, such as ABCD I can always make money.

These numbers come from the ratios 13 14 15 16 multiplied by 60 where 60 is the lowest common multiple for 3,4,5, and 6.

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Betting on horse racing or horse betting commonly occurs at many horse races. It started in the UK in the early s during the reign of King James I. Gamblers can stake money on the final placement of the horses taking part in a race.

Gambling on horses is, however, prohibited at some racetracks. For example, because of a law passed in, betting is illegal in Springdale Race Course, home of the nationally renowned Toronto-Dominion Bank TD Bank Carolina Cup and Colonial Cup Steeplechase in.

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Horse Racing Betting Guide Taking Care of the Basics. As with most skills, success when betting on horses only comes after you’ve dedicated a fair amount of time perfecting your craft and learning from your mistakes and sometimes, most importantly of all, a little bit of luck!

How do I pick a winning horse? This is well and truly a million-dollar question to which there is no one definitive answer. The odds price of a given selection reflects the chances of the horse actually winning according to the bookmaker’s research and calculations. If you find a selection that matches well with points, the chances are it will have short odds, but there are times when selections are under priced.

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How to Work Out Football Odds. For those of you new to football betting, it might be prudent to briefly examine how to work out football odds. Let’s imagine you’ve got two different sets of prices for the same selection, and you want to know which is best.

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Get best odds guarantees if your horse starting price is higher than the odds you were given. News, statistics, results, blogs and an excellent radio service all add to the betting experience. Reliable for regular offers, with Coral you tend to find promotions not available elsewhere. These races are generally seen as more 'working class' with lower payouts but longer careers for horses and trainers.

Flat racing is more prestigious and pretentious, seen a the more 'upper class' version of racing. Run over shorter distances it is all about speed which is why the main season runs from late April to October each year, when the ground is at its hardest.

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Learn how to profit from odds boosts and choose the top price boosts on the finest enhanced odds betting sites. LV Bet offers up to 20 enhanced odds every day on a unique single-bet betslip. Football - 2602 Juventus and Real Madrid to win their matches Expires at Feb 26, Betfair offers daily Odds Boost on Horse Racing! The offer is available every day.

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The odds given to each of the 24 horses running in the Melbourne Cup this year before any scratchings are typically presented as a dollar amount. For example, at the time of writing, Protectionist was listed at A7. This means that for every dollar you bet on Protectionist to win, you will receive A7 back, should it win. This includes the A1 you bet, so your profit will be A6 per dollar bet. Then the bookmakers watch how the punters are betting and continually adjust these odds to balance the books and ensure a profit.

In a nutshell, the more bets a horse attracts, the lower its payout will be adjusted and vice-versa. This means that odds are continually changing in the lead-up to the big race.

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OddEven betting works based on the number of points scored by both teams in a specific match. The scores will be added together which produces an odd or an even number. OddEven betting can be implied to both halftime and fulltime series of matches. In case the goal results ended at, it will be considered even. OddEven betting is only valid on regular time only which includes injury time however excludes extra time and penalty shootouts. There are only 2 options for this type of bet the Odd and Even.

Eg If you select Odd, you’ll win the bet if the total num.

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Odds Comparison Compare the best Horse Racing betting odds from Australian and UK bookmakers with market movers, betting fluctuations and more. Compare Australia New Zealand Horse Racing Betting Odds.

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Follow me on Twitter - musecrafters.com Most sports betting sites use American style betting odds and a lot of people seem to have.

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Means you back all the horses with low odds to win, leaving only the apparent underdogs out. This allows for a guaranteed profit in case the underdogs don’t win. Then, you need to decide how much you are going to win on the particular sporting event you select. This is one of the odd things about dutching. Remember, both matched betting arbitrage betting requires exactly the same rule between the concerned bookmakers exchanges. However, when it comes to Tennis Retirement rule, each bookmakerexchange uses own and different rules regarding how bets are settled when the retirement happens.

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Be sure you understand how horse racing bets work before committing money. Fixed odds mean that horses in a race are assigned odds that were decided by the bookmaker.

These odds appear as 110, or something similar, and give an indication of not only how likely the horse is to win, but also what the payout will be if a bet succeeds on that horse. In the case of 110 the horse is less likely to win, but the payouts are great. A bet of on 110 odds will result in a 1, payout. It is important to keep in mind the handicap conditions of controlled horse racing. Handicap races mean that faster, more likely to win horses will have had weights attached to their sadd.

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So, how do the bookies set their odds, what causes them to change, and how can you take advantage of an unlevel playing field? When companies detail their odds, they clearly aren’t just plucking values from thin air. The best bookies have stayed in the game by knowing exactly how to go about setting odds that work for them by employing an external flock of traders’.

These individuals are the same breed of boffins that have been employed by financial companies to help foretell future markets and they are experts in the fields of risk analysis and odds compilation.

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Check recent betting odds trends and odds changes through different period of time using our progressive Dropping odds tool. Try it now musecrafters.com How to use our Dropping odds tool. It is as simple as it can only be. Use filters in order to choose the period of time the change is applied, choose the minimum percentage of the odds changes and type of your bet.

You’ll get an updated page with all the changes of betting odds that correspond with your filter settings. Why you should use dropping odds. It is just another powerful tool that will provide you clear insights on the betting trends, find your dark horse bet, help to check how musecrafters.com football betting tips correspond with real trends and use these found bets along.

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Follow me on Twitter - kevinsportsgeek Most sports betting sites use American style betting odds and a lot of people seem to have troubles understanding how to read the betting odds and how exactly they work. In this video I do my best to quickly explain how American style betting odds work. In the video I give an example using both negative odds and positive odds + to show you the difference. The key is with the sign in front of the numbers.

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Compare the latest odds, free bets and horse racing tips for Chelmsford racecourse. Features Left-handed all-weather track with wide sweeping bends. Formerly known as Great Leighs. Draw Bias Too early to say but looks fair. Pace Bias The Polytrack surface has been riding deep with plenty of kick-back which might favour front-runners like Southwell.

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