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.

Odds Payoff Odds Payoff Odds Payoff
1-10 $2.20 3-2 $5.00 9-2 $11.00
1-5 $2.40 8-5 $5.20 5-1 $12.00
2-5 $2.80 9-5 $5.60 6-1 $14.00
3-5 $3.20 2-1 $6.00 7-1 $16.00
4-5 $3.60 5-2 $7.00 8-1 $18.00
1-1 $4.00 3-1 $8.00 9-1 $20.00
6-5 $4.40 7-2 $9.00 10-1 $22.00
7-5 $4.80 4-1 $10.00