Can someone explain the odds and betting systems in horse racing?
In horse racing, you’re not betting against the bookie, but against all the other bettors. The odds are like the percentage of the pool that you’ll get. If it’s a longshot, the pool is split up among a smaller group of winners than if it’s a heavy favorite… if it’s split among a small group of people, each person ends up with a big amount of money… if it’s a big group of winners, then everyone gets a little bit of money. As for the different types of bets, the NTRA website offers an excellent guide…
