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Odds

Last Updated: Nov 16, 2015 11:43PM CET

A major difference between horse betting compared to sports betting are the different kinds of odds available. While sports betting usually always only allows you to struck a bet a fixed-odds, in horse and greyhound betting there are different kind of odds offered depending on the event country and race type.

Fixed-Odds

Fixed-odds are priced being offered by RaceBets on selected races and for special bets. Once the bet has been accepted, you are guaranteed to get that price - even if the odds offered shorten after the bet has been made. Rule 4 deductions can still take place, if any of the horses are subsequently declared to be non-runners.

Starting Prices

For fixtures taking place in the UK, Ireland and the United Arab Emirates the Starting Price (SP) represents the odds prevailing on a horse in the on-course fixed-odds betting market at the time a race begins. When you make a SP bet, you will not know the odds you are getting. The odds will not be known until the fixture is underway. Any odds that are shown in the SP column, on our race cards, are only a guide to the likely SP based on the current market.

We may refer to Starting Prices in races run in other countries than the one's mentioned above. In such cases the Tote Odds are deemed to be the SP.

Please refer to the Bookmaker Betting section for detailed information.

Tote Odds

Tote betting refers to wagers that are forwarded by RaceBets into a Totalisator pool, also known as Parimutuel Betting. It is a betting system in which all bets of a particular type are placed together in a pool; when the pool is closed taxes and the "house-take" are removed and the payoff odds are calculated by sharing the pool among all winning bets.

Similarly to SP betting, you will not know the odds you are getting when placing a Tote bet. The odds will not be known until the fixture is underway. Any odds that are shown in the Tote column, on our race cards, are only a guide to the likely Tote odds based on the current market.

Please refer to the Tote Betting section for detailed information on the Tote Pools that are offered via RaceBets.

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