Horse Betting Payouts
The following is a sample chart of horse betting payouts based on a $2 wager or $1 wager.
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The amount of money you win from a successful horse bet depends on the odds facing the horse you picked. Horses with long odds - that ARE NOT favored to win - payout more than horses that are "odds on" - or horses that ARE favored to win. Always check out your racebook's odds section before you place a bet. In most cases, odds for a horse are listed next to the name of the horse. Once the race is complete, the odds and type of wager you made are factored together to produce a payout.
The following are two charts: payouts for a $2 wager and payouts for a $1 wager. The amount paid is listed to the right of the odds.
Odds - Payout on $2 Horse Racing Bet - $2 Horse Bet Payouts
1:9 $2.20
1:5 $2.40
2:5 $2.80
1:2 $3.00
3:5 $3.20
4:5 $3.60
1:1 $4.00
6:5 $4.40
7:5 $4.80
3:2 $5.00
8:5 $5.20
9:5 $5.60
2:1 $6.00
5:2 $7.00
3:1 $8.00
7:2 $9.00
4:1 $10.00
9:2 $11.00
5:1 $12.00
6:1 $14.00
7:1 $16.00
8:1 $18.00
9:1 $20.00
10:1 $22.00
Odds - Payout on $1 Horse Racing Bet - $1 Horse Bet Payouts
1:9 $1.10
1:5 $1.20
2:5 $1.40
1:2 $1.50
3:5 $1.60
4:5 $1.80
1:1 $2.00
6:5 $2.20
7:5 $2.40
3:2 $2.50
8:5 $2.60
9:5 $2.80
2:1 $3.00
5:2 $3.50
3:1 $4.00
7:2 $4.50
4:1 $5.00
9:2 $5.50
5:1 $6.00
6:1 $7.00
7:1 $8.00
8:1 $9.00
9:1 $10.00
10:1 $11.00
While the odds combinations listed above are the most common offered in horse racing, there are various other combinations that your racebook might use, particularlay for large races like Kentucky Derby Betting. In fact, long shot horses in the Kentucky Derby frequent have 30:1 to 50:1 odds, due to the extreme competition and large field (typically 20 horses at most).
Feel free to print this page out and use it as a reference table as you learn how to bet on horses. Good Luck and don't forget to visit our highly recommended online horse racebooks!
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Tracks Supported: All major North American tracks (including Canada). Tracks have tiered maximum payout limits.