Craps Table Payout Chart
How To Calculate Craps Payouts
Craps Place Bet Payout Chart 10
Place Bet In Craps
Craps Place Bet Payout Chart 5

Today is the day. You proudly strut yourself to your favorite racetrack. You know your stuff and you’re sure of your picks. You know the odds and place your bets with confidence. The race begins, the anticipation builds, the finish line roars and you are congratulated by your friends when you walk out with cash in your pocket.

Everyone wants to be a winner, but the reality is that most of us do not fully understand the intricacies of horse racing odds. Sure, placing a bet is easy enough but that is why most race goers walk out with less money than they came in with. Are you one of them?

Are you just placing bets blind and hoping for the best? It’s completely fine if you are. We won’t judge. We made this guide just for you! Here we will explain and simplify horse racing odds to make betting easier.

If the bettor is going to bet $20 or more on the place bet of 4 or 10, the bettor is better off ‘buying’ the 5 or 9. Point is 6 or 8. Any increment of $6. Do not confuse the place bet increment of the 6 or 8 with the odds bet, which has a proper increment of $5. PAYOFF ON THE PLACE BETS. Place bet on 4 or 10. Every $5 increment will pay $9. CRAPS PAYOFFS - Craps Payout Chart. CRAPS WAGER: PAYOFF: Pass Line: 1 to 1: Don t Pass: 1 to 1: Come. Place Bets: 4 and 10: 9 to 5: 5 and 9: 7 to 5: 6 and 8: 7. The chart to the right shows some of the common bets in craps, what each bet's payout is for winning, and the edge the house has on each particular wager. The best bets on the table are the pass line point bets (with odds). If you make a Place bet on the 6 and 8, they ought to be made in $6 multiples, while Place bets on the 4, 5, 9, and 10 ought to be made in $5 multiples due to the payout structures. The chart below shows the craps odds and house advantage for Place bets – those aiming to win at craps should avoid the bold-faced wagers. CRAPLESS CRAPS (CONT’D.) CRAPS PAYOUT ODDS WAGER PAYOUT WAGER PAYOUT Pass Line 1 to 1 Buy Bet 6 6 to 5 Come Bet 1 to 1 Buy Bet 8 6 to 5 Place Bet 2 25 to 5 Buy Bet 9 3 to 2.

One of the surest ways people lose money on horse racing is not knowing how to bet or understanding the odds. To a beginner, all those numbers on the tote board and hearing all of the horse racing odds jargon can be pretty daunting.

Want a better shot at walking away a winner? Then trust us and keep scrolling.

What Are Horse Racing Odds

Odds are simply the way prices and payouts are shown at a horse track. The numbers displayed as 4-7 or 2-5 tell you what you pay and how much you get back if the horse you bet on wins. The first number tells you how much you could win, the second number is the amount you bet. So, if the odds are listed as 2-1, you’ll get $2 for every $1 you bet. Odds are displayed in one of two formats.

Fractional: These are more traditional and widely used and are displayed as 4/1. When spoken, you would say this format as “four to one”. You can read these horse racing odds as for every $1 you bet, you will receive $4 if you win (plus your original bet).

Decimal: This type of odd is recently introduced to the industry and is more commonly used in Europe. These are displayed in the format of 5.00, unlike fractional odds, your stake is already factored in. To get your potential return, multiply the odd by your bet. If the odd is displayed at 5.00, multiply this by your stake to calculate potential returns.

Let’s explain some U.S. horse racing odds examples:

6-5 odds

Spoken: 6 to 5 odds
Meaning: You will get $6 in profit for every $5 you wager
Actual Payout: 6 divided by 5 plus 1 = 2.2 times original $5 wager = $11.00 Payout

20 odds

Spoken: 20 to 1 odds
Meaning: You will get $20 in profit for every $1 you wager
Actual Payout: 20 divided by 1 plus 1 = 21 times original $1 = $21 payout.

10-2 odds

Spoken: 10 to 2 odds
Meaning: you will get $10 in profit for every $2 you wager
Actual Payout: 10 divided by 2 plus 1 = 6 times original $2 = $12 payout

How to Read Horse Racing Odds

So how exactly do you read horse racing odds. Glad you asked! Let’s explain this from the top.

The Morning Line:

Before any of the actual wagering starts, there are “morning line” odds. These are the odds placed on each horse by the track’s handicapper. These are published in either the program, racing form, or online at your sportsbook. In today’s horse racing, the morning lines are rarely something to go by since they change so much as more bets are placed.

Changing Odds:

Either at the track on the tote board or on your online sportsbook, the odds will change depending on how many people are betting on each horse in the race up until post time.

Favorites:

Each race has a favorite. This is the horse most likely to win. If there is more than one horse with the same odds of winning it may be displayed with “JF” meaning joint favorite.

Probability:

Fractional odds can easily be translated to probability percentages. As such, a race with 1/1 odds would signify that for every failure, there would be one success, giving you a 50% probability. A 2/1 fraction suggests that for every 2 failures, there’s one chance of success, giving you a 33% probability; 3/2 means a 40% chance, 2/3 works out to 60%, and 10/1 means a 9% chance, and so on.

Standard Win Bets and Payouts

The minimum standard bet for horse racing is $2. Depending on the race and the rules of the racetrack, the minimum could be slightly lower. Before you even begin to place a bet, you need to know what the odds are of the particular bet you want to make. This easy-to-read chart explains exactly what the payout would be on a $2 winning bet at various odds:

Odds	$ Payout	Odds	$2 Payout	Odds	$2 Payout
1/9	$2.20	8/5	$5.20	7/1	$16.00
1/5	$2.40	9/5	$5.60	8/1	$18.00
2/5	$2.80	2/1	$6.00	9/1	$20.00
1/2	$3.00	5/2	$7.00	10/1	$22.00
3/5	$3.20	3/1	$8.00	11/1	$24.00
4/5	$3.60	7/2	$9.00	12/1	$26.00
1/1	$4.00	4/1	$10.00	13/1	$28.00
6/5	$4.40	9/2	$11.00	14/1	$30.00
7/5	$4.80	5/1	$12.00	15/1	$32.00
3/2	$5.00	6/1	$14.00	16/1	$34.00

How to Calculate Betting Odds and Payouts

One of the reasons why horse betting is difficult is because the odds fluctuate every time a bet is placed. This fluctuation is called pari-mutuel wagering, or pool betting. In typical betting games, you’re betting against the house. With horse racing you are betting against other betters.

Once the winning horse has crossed the finish line, the house will deduct its take and the remaining amount is then divided among the people who bet on the winning horse.

To see an example of this calculated, keep on scrolling!

There are several types of pari-mutuel horse bets. A few of the most common are:

Straight Bets

Win Bets: Choosing the horse that crosses the finish line first.
Place Bets: You are betting on a horse to finish second.
Show Bets: Placing bets on a horse to finish third.

Exotic Bets

Exacta: When you pick the first and second place horse in that order.
Trifecta: Select the first three finishers in a single race in order.
Trifecta Box: Pick the first three finishers to finish in any order.
Trifecta Key: Pick three horses, choose one to win and the others to come in second or third.
Superfecta: Pick the order of the first four finisher

Craps Place Bet Payout Chart