There are two ways chances — or costs — are exhibited at racecourses in Britain: the system that is Publish or the fractional system.
Fractional odds:
These are displayed in this format: 4/1.
In spoken form that is”Four-to-one” and sometimes this may be written as: 4-1.
Odds are maths. To illustrate some examples, let’s call every number a unit. So:
4/1: For every 1 unit you stake, you will receive 4 units if you win (plus your stake).
7/2: For every 2 units you stake, you will receive 7 units if you win (plus your bet ).
9/4: For every 4 units you stake, you will receive 9 units if you win (along with your stake).
The other way around — this is known as odds-on and that means the horse in question is a favourite such as 1/4 — Should you see fractional chances.
In spoken form this is”Four-to-one on”.
1/4: For each four units you bet, you will receive 1 unit in case you win (plus your stake).
1/2: For each 2 units you stake, you will receive 1 unit in case you win (along with your bet ).
On occasion you will see Evens or EVS displayed. This is the equal of a 1/1 fraction. Again it signifies the horse in question is expected to win the race.
EVS: For every 1 unit you bet, you will receive 1 unit in case you win (along with your bet ).
Decimal odds:
These are usually displayed in this format: 5.00.
5.00: Just multiply this number by your bet to compute your complete prospective returns if you’re putting a win bet. Unlike fractional odds, your bet has factored into this price i.e. that is the equivalent of 4/1 and also the 1 device you stake.
Favourites:
Each race has a favourite. That is the horse which is reflected in getting the price displayed with betting operators.
When they are the favorite, you will see an F along with the horse’s chances. This will be displayed as JF, meaning joint-favourite, if more than 1 horse has the same odds of winning in accordance with the gambling market.

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