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Understanding the odds

We'll use the UK system for explaining odds, please use our odds calculator to convert these to European or USA An Odds conversion table can be found here.

Reverse horse betting works by stacking the odds in your favour. If we start with a bet of £10, placed normally on a 2/5 favourite that wins, we win back our £10 stake, plus 2/5 of £10 = £4, giving us overall winnings of £14. If the horse loses, so do we.

With reverse horse betting if the horse loses we win the better's £10 stake, if it wins we only lose £4 - returning the £10 stake plus 2/5 of £10 = £4. We basically turn the tables and become the bookie.

The loses are lower but so are the winnings. The advantage is in the chances of a favourite winning, 3/10, leaving a 7/10 chance of it losing and you winning. Reverse horse betting more than doubles your chances of winning over conventional betting.

For more information about understanding odds in horse racing you can visit our new bookshop!

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