**Odds
And Percentages In Horse Racing**

A lot of people try to make
this way more complicated than it is so here is a simple chart that
equates odds to % chance (or your rated chance). No deduction has
been made for TAB rip outs and for the benefit of newer punters, just
because a horse is $2.00 to win it DOES NOT MEAN that it has a 50%
chance of winning. The "Chance of winning" column in the
table below refers to YOUR estimate of its winning chances - yes,
YOUR opinion. The next step and question then becomes "how do
I establish that opinion?". Other pages on this site may give
you a guide to establishing a set of ratings and therefore be able
to establish that "chance" evaluation.

Odds
to $1 |
Chance
of winning % |

1.50 |
67% |

1.60 |
63% |

1.70 |
59% |

1.80 |
56% |

1.90 |
53% |

2.00 |
50% |

2.10 |
48% |

2.20 |
46% |

2.30 |
44% |

2.40 |
42% |

2.50 |
40% |

2.70 |
36% |

3.00 |
33% |

3.50 |
29% |

4.00 |
25% |

4.50 |
22% |

5.00 |
20% |

5.50 |
18% |

6.00 |
17% |

6.50 |
15% |

7.00 |
14% |

7.50 |
13% |

8.00 |
12% |

8.50 |
11% |

9.00 |
11% |

10.00 |
10% |

Horse
racing systems and research

The age old "only bet when you are
getting value" approach can then be determined to mean that if
YOU think a horse has a 33% chance of winning and therefore should
be "about" $3.00 and you can get $5.00 for it - in other
words, the "market" disagrees with your assessment and thinks
it only has a 20% chance, then the $5.00 would, to you, be excellent
value and worthy of investment. If your assessemnts are correct in
the long term as opposed to "the markets", you should end
up in front. That's the theory.

That's the whole thing in a nutshell.
See? Wasn't complicated at all now was it?