Horse Racing Odds

Betting on horse racing is a service available in a number of countries around the world. Each runner in a race has its own individual horse racing odds, all of which are available for punters to bet on. 

The prices on offer by bookmakers on each horse usually reflect its chances of winning. For example, the favourite will be the one, after all the form is taken into consideration, which is the most likely to be the winner. The horse racing odds on the market leader are never big, unless there is a large field or the race is very competitive.

In some occasions in horse racing, the favourite will be known as odds-on. This is where the punter will receive less than their original stake back in profit if successful. Odds of 10/11 and 5/6 are not much shorter than even money but once you go further up the table, prices such as 1/5 and 1/10 offer very little for your money.

Outsiders in horse racing are those with a slim chance of being successful. These can be backed at long odds, and if they do cause an upset, you are likely to be rewarded well for your stake. Depending on the number of runners in the contest, an outsider can be anything at double digits or more. Some of the odds at the top end of the scale include 33/1, 50/1, 66/1 and 100/1.

We have seen 100/1 shots prevail in the Grand National over the past couple of centuries. The last two to do so were Foinavon in 1967, and then more recently, Mon Mome in 2009.
A lot of punters choose to back horses at bigger odds each-way. This bet is made up of two parts; you have your stake split into two, and one half is on the win and the other on a place. Depending on the number of runners and type of race, your place terms vary. In handicap races where there are 16 runners or more, you will pick up 1/4 odds for first, second, third and fourth. 

Ante-post betting is also popular in horse racing as odds on runners in races can be offered from any time up to a year before the race. Punters try to beat the book by backing a horse in this market that they believe will go off at a starting price that will be much shorter on the day. The problem with ante-post betting is the fact that if the horse does not run, the customer loses their money.

For all the latest Horse Racing Odds place check out betting.betfair