About Odds in Online Horse Betting
As for live horse racing odds, there are three basic types:
- fractional or British odds (for example, 3/1)
- money line or American odds (for example, +250)
- decimal odds (for example, 4.00)
The most common type in Canada is decimal. So let us see how it works with an example. Imagine that you bet $20 at odds of 3.00 on the horse that finished first in the race. So, your total win is $60 (20 x 3.00).