Odds are simply the way prices and payouts are shown at a horse track. If you placed your bet at decimal odds (i.e. Tough Sunday Horses Horse Racing Racing Horse racing odds are fluid leading up to the race because they are dictated by the amount of money in the pools. How to odds work in horse racing . How do you work out betting odds? To calculate the exact odds on your horse, just subtract the take from the total pool, then subtract the amount bet on your horse to give you the amount of cash to be paid out. How to odds work in horse racing? One for the horse to win, the other for the horse to place in any of the place positions offered in that race. With horse racing odds, the first number (the numerator) shows how many units you stand to win, and the second number (the denominator) shows how many units you must risk to win that much. An each way (ew, e/w) bet is essentially two separate bets: For instance a horse that has 6/1 odds means that for every $6.00 be...