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## How does a win bet work?

Wagering Types

The basic bet types are of course win, place and show. A **win bet means your horse must win**, a place bet means it must finish first or second and a show bet means it must be first, second or third though of course this means a lower payout.

## How much do you win on a $100 bet?

A winning $100 stake could win **up to $150 in profit**, for a total payout of $250 payout. At +250 odds, a pick is a definite underdog. A $100 wager stands to win $250 in profits, for a total payout of $350.

## Does a place bet pay if the horse wins?

In Horse Racing, this is the number of runners in a race. Where there are 8 or more runners in a race, **a place is paid on first, second and third places**. Where there are 7, 6 or 5 runners in a race, a place is paid on first and second places only. This will be shown in the race result as No Third Dividend.

## How are bet payouts calculated?

**Calculating the Payouts for the Win Place Show Bets**

- From that odds ratio, you take the first number and multiply it by 2 (remember, if the odds is a whole number, place that over a 1 – for example, 7 would be 7/1)
- You take that number and divide it by the second number of the odds ratio.

## How much does a $2 across the board bet cost?

A typical across the board bet costs **$6**, because it’s three different bets: $2 to win, $2 to place, and $2 to show.

## How much money do you get if you win a horse race?

Typically, the winner is paid **60 percent of the total purse**, and second place is paid, 20% to second place, 10% to third, 5% to 4th, 3% to 5th, and 2% to 6th. From horses’ earnings, jockey and training fees are paid.

## Do you get your money back if you win bet?

A winning even money bet will return exactly the amount staked in profit, plus the original stake. So **you basically double your money**. Remember: the higher the odds, the less likely a wager is to win but the greater the rewards will be.

## What happens if you bet $100 on a money line?

This means that if you bet $100 on this bet, **you would profit $100**. The sportsbook would give you your original $100 wager back, plus your $100 profit. Any team with a decimal odds number greater than 2.0 is going to be the underdog, and any team with a decimal odds number less than 2.0 will be the favorite.

## What does +150 mean in gambling?

(e.g. –150 means you must bet $150 to win $100.) If the odds are plus (+), that amount of money would be earned on a successful $100 wager. (e.g. +150 means **you make $150 on a $100 wager**.) Money line is also sometimes referred to as “American Odds.”