Approximate Payoffs on a $2 bet
Payoffs are determined by the odds, which show the bettors' collective opinion of a horse's chances to win. In pari-mutuel wagering, you don't play against the "house"; you play against all the other bettors.

Use this formula: amount of your bet x odds + your original bet = payoff.

The table below shows the approximate payoff for a $2 bet at various odds.

OddsPayoffOddsPayoffOddsPayoff
1-10$2.203-2$5.009-2$11.00
1-5$2.408-5$5.205-1$12.00
2-5$2.809-5$5.606-1$14.00
3-5$3.202-1$6.007-1$16.00
4-5$3.605-2$7.008-1$18.00
1-1$4.003-1$8.009-1$20.00
6-5$4.407-2$9.0010-1$22.00
7-5$4.804-1$10.00