1. What are odds?
• The ODDS are basically the chances of an outcome going in your
favour. A good example would be the throw of a dice. A dice has
6 sides.
• No matter which side you choose, the chances of the dice
landing on your number is 1 in 6.
• The odds that the dice will land on your number are 5 chances
against it happening and 1 chance for it happening.
• Your odds are therefore 5/1.
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2. • When we talk about ODDS in terms of betting, we aren’t talking about the
true chances that an event will occur as with the throw of a dice, but
instead
• the amounts a bookmaker will payout on winning bets.
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What are odds?
Cookie the bookie

3. What Affects The Odds?
Every runner in a horse race is different.
• The jockey riding the horse, the
• breeding of a horse, the
• distance covered and how much weight the horse is carrying
• are only a few of the numerous factors that influence a horse's
given chances.
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4. Odds in sporting events and horse racing fluctuate according to
market forces, meaning they are affected by the amounts of money
being wagered.
• The more money being wagered on a horse, the shorter or less
its odds become.
• Conversely, the odds of the other horses in the field increase.
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What Affects The Odds?

5. The odds on a horse are determined by
various factors
Two year-old horses – Breeding and cost as yearlings and the stable which
they belong to.
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6. The odds on a horse are determined by
various factors
2. Horses whose odds are determined by form lines and sometimes by
the betting support they received in past races. Winning form
publishes a page that shows beaten favourites and horses backed in
their last starts:
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Rc No Horse O.P. S.P. Fin Comment Date Dist Jockey
1 5 HOWYA Beaten, Backed
In
8/1 15/2 3 Prominent-
stayed on
12.08.27 1000 Brown S
1 6 TRUE
PASSION
Beaten, Backed
In
50/1 35/1 10 Never
showed
12.07.30 1400 Herholdt F
1 7 SEXY STAR Beaten, Backed
In
40/1 15/1 5 Faded
badly in str.
12.08.27 1600 Herholdt F
1 9 FLIRTATIOUS
LIGHT
Beaten, Backed-
Fav
6/1 22/10 3 In touch-
stayed on
12.08.04 1000 V.Rensbur
g M
1 11 BUBBLY
BELLINI
Beaten, Backed
In
25/1 22/1 3 Set pace-
tired
12.08.27 1600 Yeo D

7. The odds on a horse are determined by
various factors
3. With regard to sports betting the odds are determined by how well
the team’s sportsmen/sportswomen perform, i.e., the better the
form the better the odds.
4. Form is performance based on past achievements (the stronger the
form the shorter the odds and vice versa).
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