Video Summary

Understanding horse racing odds can be intimidating, but it's actually straightforward once you grasp the concept. Odds are influenced by public betting, with more money wagered on a horse resulting in lower odds, and less money bet resulting in higher odds. A 2-1 odds, for instance, means you'll receive two dollars in profit for every one dollar bet, with the original amount returned. To calculate the potential payout, multiply the bet amount by the odds. For example, a $5 bet at 2-1 odds would yield a $10 payout, plus the original $5 bet, for a total of $15 if the horse wins. To determine the potential payout for all horses in the race, apply this rule, multiplying the bet amount by the horse's odds. By doing so, you'll arrive at the amount each horse will pay out if it crosses the finish line first.