if a horse wins a race and the odds were 3-1 and the horse payed $4.00 how much money will a person win if that person placed a $100.00 bet on that horse?
$300.00 i think at 3-1 $100 bet
First of all if the horse was 3-1 it would have paid S8.00. However if you bet $100 on a horse that pays $4.00,which is even money, you will recieve $200.
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If you placed $100.00 on a horse to win at odds of 3-1 and the horse wins you'll get a return of $400.00 of which $300.00 is profit and $100.00 is your original stake.
There's a number of online calculators you can use to work this out, like this: betting calculator
If you find out let me know.
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