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Another factor to consider is the distance of the race. Some horses excel in shorter sprints, while others prefer longer distances. Look for horses that have demonstrated success at the race's specific distance or have shown improvement as the distance increases. why is sports betting illegal, Step 3: Calculate the potential payout: Depending on the odds format, calculating the potential payout may differ. For fractional odds, multiply the stake by the numerator and divide by the denominator. For decimal odds, multiply the stake by the odds. For American odds, divide the odds by 100 and multiply by the stake for positive odds, or divide 100 by the odds and multiply by the stake for negative odds.
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