If you bet $100 on a horse with odds of 9-2, you will receive a payout of $900. This includes the $100 bet and the $8 profit. Likewise, if you bet $1.91 on a team with odds of 1.91, you will receive a payoff of $1.91 for every dollar wagered. The payouts are typically larger, but you can always try.
A box superfecta pays out $5 if there are four horses in the first four positions of the finish line. If the horse finishes in the second or third place, you will receive $10. On the other hand, a box superfecta pays out -120 if there are six horses in the top four. A wheel bet will pay out $5, but you'll have to bet at least $2 to win a prize.
A Quinella bet is similar to an Exacta bet, but is not based on predicting the order of the top two horses. With a Quinella bet, you simply choose the first two horses in the race and hope they finish in the top three. In other words, you do not have to be able to predict the winner of a horse race. Because of this, Quinella bets pay out less than the Exacta, as you only need to pick the runners in the top two positions. A $2 bet will result in a payout of $5.50.
A negative odds bet means that you have to bet a certain amount to make a $100 profit. For example, if you bet $100 on a Singapore pools horse racing at -120 odds, you will win $120 for a bet of -120. In comparison, fractional odds will pay you the same amount if you bet a penny at -3/1. That would mean that your bet would win at least half the stake and yield a total payout of $10.
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