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Horse Racing Odds to % Chart
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Updated:
Here's a handy little chart for newbies. It converts the odds of a horse to its corresponding percentage chance of winning. Sometimes it helps to think in terms of percentages that must fill a pie chart to equal 100%. Every horse gets a piece of the pie.
Let's say you have a 12 horse field. The favorite is 2/1 (33%) and the second favorite is 3/1 (25%) for a combined total of 58%. That means the other ten horses in the field have a combined percentage chance to win of only 42%. That is not a realistic division of the "pie" and it can be exploited looking for value in your betting. The goal is to find the horse(s) that are being cheated out of their fair share of the pie in the betting pool.
Odds conversion to % Rounding was used
ODDS % ODDS %
1/9 .909 10-1 .091
1/5 .833 11-1 .083
2/5 .714 12-1 .077
1/2 .667 13-1 .071
3/5 .625 14-1 .067
4/5 .556 15-1 .063
1 .500 16-1 .059
6/5 .455 17-1 .056
7/5 .417 18-1 .053
3/2 .400 19-1 .050
8/5 .385 20-1 .048
9/5 .357 25-1 .038
2-1 .333 30-1 .032
5-2 .286 35-1 .028
3-1 .250 40-1 .024
7-2 .222 45-1 .022
4-1 .200 50-1 .020
9-2 .182 60-1 .016
5-1 .167 70-1 .014
6-1 .143 80-1 .012
7-1 .125 90-1 .011
8-1 .111 100-1 .001
9-1 .100
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