Understanding odds is essential to making informed bets in horse racing. At its core, odds represent the likelihood of a horse winning a race and determine the payout for successful bets. In most cases, odds are displayed in fractional or decimal format. For example, 5/1 odds mean that for every $1 bet, you win $5 if the horse wins. Decimal odds like 6.00 offer a more straightforward calculation of potential returns. By studying the odds and understanding how they change leading up to the race, bettors can increase their chances of making profitable decisions.
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