Show Bet Payout
Show Bet Winning Payouts. Show bet payouts can be a little complicated for first-time parimutuel gamblers. That’s because this wager pays off a different amount based on where the horse finishes. You are making three wagers in one: one to win, one to place, and one to show. If the horse shows (finishes 3rd), then the payout reflects the. Here were the results from the race. Because this was an “Across the Board” bet, I won both Place and Show amounts $3.20 and $2.40. If the bet was for strictly $2 ea the payout would’ve been $3.20 + $2.40 for a total win of $5.60. However, I played this for $5 ea so the payout is 2 1/2 times the amount shown. The Place payout was $8.00. Using the +120 odds, it shows us that a $100 bet on that outcome would pay out $120 in profits. Again this can easily be converted into smaller or larger size bets. A $10 bet on +120 odds would pay out $12 in profits.
Welcome to the Sports Betting Odds section of The Sports Geek. If you are new to sports betting and don’t understand how to read betting odds (+150, -110, +2200, etc) we will lay it all out for you and help you learn how the betting odds work.
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Sports Betting Odds Explained
Many people don’t know how to read or calculate sports betting odds, so below we have done our best on explaining how betting odds work. The most common type of sports betting odds used in North America are the American style odds which we explain below.
American Style Sports Betting Odds
Most online sportsbooks will list their odds in what is called “American Odds”. There are a couple different versions of sports betting odds, but these American Odds are the most common odds used. Reading and understanding sports betting odds can bet a little confusing to beginners, so we have provided an example below using two NFL football teams:
American Odds
- Matchup Odds
- New England Patriots +120
- Pittsburgh Steelers -140
The number shown in the bracket represents the odds. The American Odds have two components to them, the first being the positive or negative sign, and the second being the number that follows the sign.
The sign in front of the number indicates whether placing a wager on that outcome will pay out more money then you have wagered or less money then you have wagered. If the odd is negative (-) it means that outcome is more likely to happen and placing a bet on that outcome would payout less than the amount you wagered, while a positive (+) odd shows that the outcome is less likely to happen and it would pay out more than the amount you wagered.
The next step is figuring out exactly how much the bet pays out, which is where the numbers in the odds come into play.
A listed odd with a – sign in front of it, such as the -140 in our example above, shows us how much money you would need to wager in order to win $100. So using the -140, this would show us that you would need to bet $140 in order to win $100 in profits. You can easily substitute the $100 bet for a $10 bet by moving the decimal place over one spot, showing us that you would need to wager $14 in order to win $10 in profits.
Horse Racing Show Bet Payout Chart
Examples:
A listed odd with a + sign in front of it, such as the +120 in our example above, shows us how much money you would win on a $100 bet. Using the +120 odds, it shows us that a $100 bet on that outcome would pay out $120 in profits. Again this can easily be converted into smaller or larger size bets. A $10 bet on +120 odds would pay out $12 in profits.
Examples:
Below is an example of NFL betting odds taken from an online betting site.
In this example you can see Los Angeles is listed at +130 ($100 bet pays $130 plus of course your original wager back) and New England is listed at -150 ($150 bet pays $100).
The great thing about betting online is that the online sportsbooks will do the calculations for you before you place your bet. You can click on the outcome or team you would like to bet on, and then input the amount you wish to wager and it will show you your potential pay out before you confirm your bet.
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Decimal Style Sports Betting Odds
Decimal style odds are used mostly in Europe, and are pretty easy to understand. To calculate the decimal style odds all you will need to do is simply multiply the amount you wish to wager by the decimal odds shown and you will get your payout. For example it may look something like this:
If you wanted to place a $10 wager on the USA at 2.40 you would simply need to multiply your $10 wager by the 2.40 odds (10 x 2.40) to find out that the payout is $24. It is important to realize that with decimal style odds it includes the amount you wagered, so to find out profits you would need to subtract your wager ($24 – $10) to find out your potential payout is $14 in profits.
If you wanted to place a $10 wager on Brazil you would again just multiply $10 x 1.55 to find out that you would win $15.50 total or $5.50 in profits.
Decimal style betting odds are very simple to understand, but you won’t see them displayed in many North American sportsbooks. With that said, most online betting sites will allow you to chose the style of betting odds you want displayed, with American odds set as the default.
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The craps payout chart below shows various payout statistics such as what kind of craps bets, true odds, payout odds and the total house edge after everything has been calculated through. Note that these payout odds in the chart listed below are not the same in every casino or on all craps tables. Some casinos may have different odds which perhaps may be better or worse than the odds shown in the payout chart. For more detailed information about each specific bet, please visit our page on how to play craps and browse through the craps bets menu.
This craps payout chart is also a great tool if you are just starting to learn the craps strategy. That way you can see all of the odds displayed in one table and you'll be able to decide which bets are better than others. You can see why the free odds bet is such a great one and why some of the proposition bets are terrible. My advice is to study this information or at least glance at it to find good strategies.
Normal Craps Bets and Payout Odds
| Craps Bet | True Odds | Payout Odds | House Edge |
|---|---|---|---|
| Pass Line | 251 to 244 | 1 to 1 | 1.41% |
| Come | 251 to 244 | 1 to 1 | 1.41% |
| Don't Pass | 1031 to 949 | 1 to 1 | 1.36% |
| Don't Come (Bar 12) | 1031 to 949 | 1 to 1 | 1.36% |
| Pass / Come Free Odds | 2 to 1 on 4 or 10 3 to 2 on 5 or 9 6 to 5 on 6 or 8 | 2 to 1 on 4 or 10 3 to 2 on 5 or 9 6 to 5 on 6 or 8 | 0% |
| Don't Pass / Don't Come Free Odds | 1 to 2 on 4 or 10 2 to 3 on 5 or 9 5 to 6 on 6 or 8 | 1 to 2 on 4 or 10 2 to 3 on 5 or 9 5 to 6 on 6 or 8 | 0% |
| 7 Out | 5 to 1 | 4 to 1 | 16.67% |
| Yo 11 | 17 to 1 | 15 to 1 | 11.11% |
| 3 | 17 to 1 | 15 to 1 | 11.11% |
| 2 Snake Eyes | 35 to 1 | 30 to 1 | 13.89% |
| 12 Box Cars | 35 to 1 | 30 to 1 | 13.89% |
| Hi-Lo | 17 to 1 | 15 to 1 | 11.11% |
| Craps | 8 to 1 | 7 to 1 | 11.11% |
| C and E | 5 to 1 | 3 to 1 with craps 7 to 1 with 11 | 11.11% |
| Field | 5 to 4 | 1 to 1 with 3, 4, 9, 10 or 11 2 to 1 on 2 or 12 | 5.56% |
| Field (alternate) | 5 to 4 | 1 to 1 with 3, 4, 9, 10 or 11 2 to 1 on 2 3 to 1 on 12 | 2.78% |
| Horn | 5 to 1 | 27 to 4 with 2 or 12 3 to 1 with 3 or 11 | 12.50% |
| Whirl / World | 2 to 1 | 26 to 5 with 2 or 12 11 to 5 with 3 or 11 0 to 1 on 7 (push) | 13.33% |
| Hard Way 4 or 10 | 8 to 1 | 7 to 1 | 11.11% |
| Hard Way 6 or 8 | 10 to 1 | 9 to 1 | 9.09% |
| Big 6 or 8 | 6 to 5 | 1 to 1 | 9.09% |
| Place 4 or 10 | 2 to 1 | 9 to 5 | 6.67% |
| Place 5 or 9 | 3 to 2 | 7 to 5 | 4.00% |
| Place 6 or 8 | 6 to 5 | 7 to 6 | 1.52% |
| Buy 4 or 10 | 2 to 1 | 2 to 1 plus commission (5%) | 4.76% |
| Buy 5 or 9 | 3 to 2 | 3 to 2 plus commission (5%) | 4.76% |
| Buy 6 or 8 | 6 to 5 | 6 to 5 plus commission (5%) | 4.76% |
| Lay 4 or 10 | 1 to 2 | 1 to 2 plus commission (5%) | 2.44% |
| Lay 5 or 9 | 2 to 3 | 2 to 3 plus commission (5%) | 3.23% |
| Lay 6 or 8 | 5 to 6 | 5 to 6 plus commission (5%) | 4.00% |
As you can see from the payout table, there are many bets that sound exotic and arcane but they really aren't that good, even though they may sound like the 'secret' bets that no one knows about. Really the only good ones are the pass line or don't pass in conjunction with the free odds bets. There are a few other decent ones as well. The trick to know is that when the house edge is a very low percentage, then the bet is a good one.
Show Bet Payout
Also remember the fact that the number 7 is rolled more often than any other number. The 2 and 12 (snake eyes and box cars) are rolled the least and have low probabilities of coming out. You can read about this in our odds and probabilities page if you would like to understand the concept behind this. For additional odds information, please view our craps probability odds page for information about true odds of rolling the dice and also visit our Vegas free odds page for information about odds payouts and house edge.