Originated From
AOL Search

If a horse wins a race and the odds were 3-1 and ...

if a horse wins a race and the odds were 3-1 and the horse payed \$4.00 how much money will a person win if that person placed a \$100.00 bet on that horse?

Order by

\$300.00 i think at 3-1 \$100 bet

First of all if the horse was 3-1 it would have paid S8.00. However if you bet \$100 on a horse that pays \$4.00,which is even money, you will recieve \$200.

If you placed \$100.00 on a horse to win at odds of 3-1 and the horse wins you'll get a return of \$400.00 of which \$300.00 is profit and \$100.00 is your original stake.

There's a number of online calculators you can use to work this out, like this: betting calculator

If you find out let me know.

3-1 odds pay \$8.00 for a \$2 bet figured this way - \$2 bet times odds of 3 to 1 is \$6 plus original bet of \$2 = \$8 (\$2X3+\$2=\$8). Hence \$100 bet times 3 = \$300 plus original bet of \$100 = \$400 gross payoff. To obtain 'profit' amount subtract \$100 original bet from \$400 gross amount received to arrive at \$300. Shortcut for profit is muliply odds times amount bet (3 X \$100 = \$300). Shortcut for gross amount to receive is bet amount (\$100) times payoff for \$2 bet (\$8) divided by 2 (because \$8 payoff is based on a \$2 bet) or \$400.

I think I am correct in that if the odds were 3 to 1 and you bet \$100, you would get the \$300 pay-off plus the initial \$100 bet paid back to you.

Related Questions

Asked:When was horse named GENIUS gelded foaled 2008

when was horse named GENIUS gelded foaled 2008

Asked:Smallest margin of winning in a horse race?

What is the smallest margin of winning in a flat horse race? Are photo finishes a common part of this sport?

Asked:Race horse jockey mistakes in turf paridise

race horse jockey mistakes in turf paridise

Other people asked questions on various topics, and are still waiting for answer. Would be great if you can take a sec and answer them

Hot Topic

Agua caliente horse racing records

I am not having much knowledge about horse racing. I just know car racing. Carlos Kauffman is my favorite car racer driver.

What is the best horse racing track in the world?

I think some of the top race tracks are Churchill Downs, Belmont Park, and Flemington Racecourse Here's a good source for track lists too: https://www.tvg.com/horse-race-track-list

Any good games based on horse racing?

G1 Jockey 3 for the PS2 and Fantasy Horse Racing for PC. The latter is a free to download PC game which is available at www.horseracegame.com . It has several single and multiplayer modes and contains good 3D graphics.

Which horses have the stamina to win this year's Belmont Triple Crown?

Well Larry, apparently you don't read or watch the news. There was only 1 horse with a shot at the Triple Crown and that was I'll Have Another. But the horse was scratched, so there is no chance any horse will win the Triple Crown.