Our Guide To Horse Racing Odds

The horse racing odds highlight what you would win if you were to place a winning bet on a horse. You can calculate a payout on a $2 win bet by doing a few things:

  1. Take the odds for a horse and divide the numbers that appear, for a 7-1 line, you would get 7, while a 7-2 line would give you 3.5
  2. Multiply the odds by 2
  3. Add 2 to get the total you’d win

For a 10-1 win bet at $2, you would get $22. A 7-2 bet at $2 would provide $9.

Latest Horse Racing Odds News

    Overview of Horse Racing Odds

    The horse racing odds will change leading to the race, so you need expert knowledge on which horses are the most appealing and who is worthy of your wagers. SportsTips will provide the horse racing best odds to explore for the day. We’ll offer reports on all the top tracks.

    No matter what you are looking for when it comes to horse racing, we have you covered. SportsTips can provide you with information about horse racing betting as well as the best horse racing picks and predictions. Also, if you want just general information on horse racing, make sure you check out our horse racing hub page.

    Kentucky Derby Odds

    The Kentucky Derby odds you find will be set days before the race. An official at Churchill Downs will dictate the proper odds for these horses. These lines will shift as you get closer to the race. 

    The Kentucky Derby odds can move in any direction leading to the race, often making it challenging for people to pick which horses should win. A horse with a 50-1 morning line might drop to 15-1 a few hours before post time, for example.

    SportsTips will help you review all the Kentucky Derby horses and odds. You can use our reports to see what we feel will happen during the race, including which horses have the best chance to get the most appealing Kentucky Derby odds. We’ll highlight the best Kentucky Derby odds and picks surrounding who’s running and what you should explore.

    Remember that sometimes a longshot will have a chance at a significant victory. Country House won the 2019 edition with 65-1 odds, while Thunder Gulch had a 25-1 line in 1995. But it is possible for a favorite to win, like how Justify held 5-2 odds in 2018. Our reporting will help you see what are the odds for the Kentucky Derby and who you should consider the most when planning your wagers.

    Best Horse Racing Odds

    The horse racing odds you find can change, so finding the right reports will make a difference. SportsTips will highlight the most appealing lines each day. We’ll showcase the horse racing best odds for each event, including which horses have the best chance to complete an upset.

    Our review of the top odds will appear surrounding factors like these:

    • How well a horse has been competing as of late
    • How well a horse can run on a specific course, whether it entails dirt or turf
    • A horse’s general performance in a race, including how well a horse runs in early and late situations
    • The experience a horse has with a specific jockey; some horses use the same jockey, but others will not
    • Any recent training runs the horse completed at the track, including how long the training lasted and how much time it took for the horse to run that distance

    SportsTips will profile the horses available for wagering in each race. We’ll highlight what you should consider when looking at horse racing odds. You can use this reporting when finding Kentucky Derby odds or reports on the Breeder’s Cup, Belmont Stakes, and other major races. We complete a thorough review of each significant race, including a look at all the top horses.

    Factors That Impact Horse Racing Odds

    You might be curious about how do the odds work in horse racing. The horse racing odds you find will change many times after the morning lines appear. These odds will change in the hours leading to an event, although the Kentucky Derby odds and lines for other major races may change many times in the days or weeks leading to the race.

    Here are some things that will influence these odds:

    • How many people are placing bets on specific horses
    • The values of the bets people place on these horses; high-value wagers might have a greater impact on these odds
    • The condition of the track, including if it changes from firm to fast or sloppy before a race
    • Adjustments to a horse before a race, including added weights to compensate for any jockey weight differences
    • Any late scratches that might take place, including if a favorite has to be scratched

    You can find the horse racing best odds from us at SportsTips. We’ll profile how the odds are changing for each horse and which specific ones you should explore when placing your wagers. You’ll especially appreciate how we can report on Kentucky Derby horses and odds, or how we can analyze all the other high-value races that occur year-round.

    Horse Racing Odds FAQs

    Where can you find the best horse racing odds today?

    SportsTips provides the most appealing horse racing odds for all bettors. Our reports include details on how the track officials are producing their lines and how these odds change. We can complete our work on all major races year-round, including for when you need Kentucky Derby odds.

    How do you read the best horse racing odds?

    You can read odds by checking how each horse competes and what you can expect from them during a race. You can review the current odds versus the opening lines that were present. SportsTips will help you find the best reports on all the horse racing odds available for each event at all the major tracks.

    How do betting odds work for horse racing?

    The odds reflect the chances for a horse to win a race. The odds are reflective of the first finisher and not whether the horse will finish in the top three or four spots in a race.

    Where can you place your bets on the best horse racing odds?

    You can find many top sportsbooks that offer horse racing betting options. These include racing books that offer betting choices for all the top events throughout the year, including many international tracks. The tracks available for wagering will vary by sportsbook, but you can expect to find Kentucky Derby horses and odds reports from most of these places.

    Are there horse racing odds for other things besides who will win a race?

    Some odds may be available for other things, but that’s mainly for some of the major races during the year. For example, you could find Kentucky Derby odds surrounding whether the horse who wins will be an odd or even-numbered one. 

    Such minor bets may not pay out as much as a straight win wager, but they can provide unique opportunities for wagering. But you’re more likely to find these betting choices on some of the more significant races.

    Will a bettor lock in the odds when placing a horse racing bet?

    Unlike what you’d find with traditional sports wagering, you would not secure the odds for a horse when you place your bet. You’ll receive a payout on your horse over the odds at the end. 

    For example, you might place a $2 win bet on a horse with a 20-1 line. But if that horse’s odds drop to 6-1, you would be paid for the 6-1 odds. That means you’d get $14 instead of the $42 that you were hoping you would win when placing your wager.