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The odds indicate how many times your stake will be multiplied in your total payout. For example: AR$100 bet at 1.50 odds will pay out $150 ($50 profit, plus yourR$100 stake).

Betting Odds Calculator | Calculate Payout - January 2024 - VegasInsider

vegasinsider : betting-odds-calculator

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The amount paid out is normally calculated in the following way:

Dividing your total stake by the number of horses included in the dead heat.

Multiplying that figure by the odds at which the bet was placed.

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