totally confused!

[novice_27]

do like horse racing & would like to put a few bets on but, im totally confused when i comes to odds!. Could anyone give me a quick run down on how to work them out. As in :- say i went for a horse thats 8-1 and the odds change to 5-2. Is that good or bad?... Please help!.

[Fader]

What part dont you understand? how much you get?

8/1 basically means for every pound you put down you recieve 8 - plus your stake so = £9

odds range from like 1/100 meaning you would need 100 quid to get 101 back (absolute certainty) down

1/100, 1/50, 1/33, 1/25. 1/20, 1/18, 1/14, 1/12, 1/11, 1/10

all the odds above are disgusting odds (the kind of odds you'd expect if Chelsea were playing Grays or something)

5/4, 11/8, 7/5, 6/4, 8/5, 13/8, 7/4, 9/5

these odds are half decent odds, worth punting on on median chance bets (the kind of odds you'd expect if say man utd were playing arsenal)

7/1, 8/1, 9/1 etc etc etc

obviously the higher the number the less likely the outcome, you get the picture

[novice_27]

What part dont you understand? how much you get?

8/1 basically means for every pound you put down you recieve 8 - plus your stake so = £9

odds range from like 1/100 meaning you would need 100 quid to get 101 back (absolute certainty) down

1/100, 1/50, 1/33, 1/25. 1/20, 1/18, 1/14, 1/12, 1/11, 1/10

all the odds above are disgusting odds (the kind of odds you'd expect if Chelsea were playing Grays or something)

5/4, 11/8, 7/5, 6/4, 8/5, 13/8, 7/4, 9/5

these odds are half decent odds, worth punting on on median chance bets (the kind of odds you'd expect if say man utd were playing arsenal)

7/1, 8/1, 9/1 etc etc etc

obviously the higher the number the less likely the outcome, you get the picture

yeah thanx fader for that. basically when & what sort of bet to put on confuses me a bit. Like i was saying... Say my horse was 8-1 & the market prices goes up & down yeah?. If i put a bet on for it to win, & the odds of my horse change to say... 5-2, ill win less money yeah?. So would a e/w bet be a safer option?. Must apologise for being thick!. Lol

[D4nBO]

if you really fancy the horse and if it is a good price ask the bookies to give you the price on it i.e. they will give you 8 - 1 no matter what the horse gets backed into.

I.E you fancy a horse in morning at 8-1 say you put a tenner on it (and take the price)

everyone else fancies that horse so the horse get backed into 4 - 1 assuming it wins you have made £40 in the above example........

you took price at 8 - 1 brings in £90
horse goes off at 4 - 1 brings in £50

You can get done both ways I have backed horses and taken the price only for them to drift and win..........................

but guess thats gambling for you.

[novice_27]

if you really fancy the horse and if it is a good price ask the bookies to give you the price on it i.e. they will give you 8 - 1 no matter what the horse gets backed into.

I.E you fancy a horse in morning at 8-1 say you put a tenner on it (and take the price)

everyone else fancies that horse so the horse get backed into 4 - 1 assuming it wins you have made £40 in the above example........

you took price at 8 - 1 brings in £90
horse goes off at 4 - 1 brings in £50

You can get done both ways I have backed horses and taken the price only for them to drift and win..........................

but guess thats gambling for you.

ahh im getting u now, thanx for your help mate!.

[novice_27]

ok so say the odds are 7/2, if i put £2 on & it wins, ill get £9 back yeah?. If i did an e/w bet at these odds, didnt win but placed, & its 1/4 of the odds. Then id divide 7/2 then divide again by 4?.