Let us help! E.g. To convert positive odds to a decimal, divide the odds by 100 and then add 1. Select a bet type in the right column. American odds (aka moneyline odds or US odds) are popular in the United States. Live horse racing odds and off track betting for real money! Payoff odds in horse racing are calculated by sharing the remaining pool (after takeout) among all placed bets. Meaning, regardless of what the odds were when you placed the initial wager, the final odds as Post Time will be the official odds on your wager. Bet on your favorite sports today with the BetUS online sportsbook. For all fixed odds horse racing markets, wagers will be all action, no refunds. Follow these simple steps to figure out how much to bet. A 4/1 bet is expected to win one in every five attempts, therefore the probability is 20%. Online horse betting with rebates up to 8% paid daily. Learn more here at US Racing. Since most tracks have a $2 minimum bet, below is a handy chart to look up the payoff for a $2 bet at various odds. Making a bet can be confusing. Divide the odds by 100, and then reduce it to its simplest form, e.g., 400/100 is the same as 4/1. Payoffs for $2 Win Bets . They can be either a positive number or a negative number. The odds for favorites are accompanied by a minus (-) sign, indicating the amount you need to stake to win $100. Select the horses to include in the wager. Calculating Payouts From Moneyline Odds. Remember, your actual payoff may differ from this chart, as the odds on the tote board are rounded off, so 2-1 odds Bet US Racing Casino Review. The takeout pays for racetrack expenses, purse money, state and local taxes, etc. (+400/100) + 1 = 5.00. Odds correlate to probability. The maximum payout on Pick 3, 4, or 6 payouts for Category D or E tracks, is double the amount of the parlay payout for said wagers. BetUS premium horse racing sportsbook odds give you the latest odds. Select a bet amount in the left column. Thus, moneyline odds are also commonly referred to as American odds. American odds are a little trickier, as they operate using positive and negative odds. Odds Conversion Table In the United States, most bookmakers use the moneyline format to express the odds they offer for wagers. The Max payout for a Daily Double will be twice the amount that the 2 horse parlay pays at Category D and E tracks. BetUS now offers the best horse racing betting action from over 100 tracks worldwide including Australian, Dubai, English and Hong Kong horse racing. Implied Probability. The site is incredibly easy to use thanks to it being split up into a number of categories, these being racing, casino, sports and promotions drop down menu. Bet US Racing was launched in 2014 and aims to provide its players with the perfect place to place a bet on horses and enjoy casino games all in one place. 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