A $2 win bet at 7/5 pays $4.80, at 5/2 it pays $7.00 and at 9/2 it pays $11.00. Each figure is the total return, including your $2 stake. The chart below lists the $2 and $1 win payout, decimal odds, American odds and implied probability for every standard tote-board price from 1/9 to 99/1.
Quick answers: what common odds pay on a $2 win bet
Each price in the chart below links to its own page with the payout on $1 to $100 bets and the decimal, American and probability conversions.
- What does 7/5 pay? $4.80 on a $2 win bet ($2.40 on $1).
- What does 5/2 pay? $7.00 on $2 ($3.50 on $1).
- What does 9/2 pay? $11.00 on $2 ($5.50 on $1).
- What does 3/5 pay? $3.20 on $2 ($1.60 on $1).
- What does 1/9 pay? About $2.20 on $2, the shortest price on most tote boards.
- What does 20/1 pay? $42.00 on $2 ($21.00 on $1).
Horse racing odds payout chart: $2 and $1 win bets
| Odds | $2 win pays | $1 win pays | Decimal odds | American odds | Implied probability |
|---|---|---|---|---|---|
| 1/9 | $2.20 | $1.10 | 1.11 | −900 | 90.0% |
| 1/5 | $2.40 | $1.20 | 1.20 | −500 | 83.3% |
| 2/5 | $2.80 | $1.40 | 1.40 | −250 | 71.4% |
| 1/2 | $3.00 | $1.50 | 1.50 | −200 | 66.7% |
| 3/5 | $3.20 | $1.60 | 1.60 | −167 | 62.5% |
| 4/5 | $3.60 | $1.80 | 1.80 | −125 | 55.6% |
| 1/1 | $4.00 | $2.00 | 2.00 | +100 | 50.0% |
| 6/5 | $4.40 | $2.20 | 2.20 | +120 | 45.5% |
| 7/5 | $4.80 | $2.40 | 2.40 | +140 | 41.7% |
| 3/2 | $5.00 | $2.50 | 2.50 | +150 | 40.0% |
| 8/5 | $5.20 | $2.60 | 2.60 | +160 | 38.5% |
| 9/5 | $5.60 | $2.80 | 2.80 | +180 | 35.7% |
| 2/1 | $6.00 | $3.00 | 3.00 | +200 | 33.3% |
| 5/2 | $7.00 | $3.50 | 3.50 | +250 | 28.6% |
| 3/1 | $8.00 | $4.00 | 4.00 | +300 | 25.0% |
| 7/2 | $9.00 | $4.50 | 4.50 | +350 | 22.2% |
| 4/1 | $10.00 | $5.00 | 5.00 | +400 | 20.0% |
| 9/2 | $11.00 | $5.50 | 5.50 | +450 | 18.2% |
| 5/1 | $12.00 | $6.00 | 6.00 | +500 | 16.7% |
| 6/1 | $14.00 | $7.00 | 7.00 | +600 | 14.3% |
| 7/1 | $16.00 | $8.00 | 8.00 | +700 | 12.5% |
| 8/1 | $18.00 | $9.00 | 9.00 | +800 | 11.1% |
| 9/1 | $20.00 | $10.00 | 10.00 | +900 | 10.0% |
| 10/1 | $22.00 | $11.00 | 11.00 | +1000 | 9.1% |
| 11/1 | $24.00 | $12.00 | 12.00 | +1100 | 8.3% |
| 12/1 | $26.00 | $13.00 | 13.00 | +1200 | 7.7% |
| 13/1 | $28.00 | $14.00 | 14.00 | +1300 | 7.1% |
| 14/1 | $30.00 | $15.00 | 15.00 | +1400 | 6.7% |
| 15/1 | $32.00 | $16.00 | 16.00 | +1500 | 6.3% |
| 16/1 | $34.00 | $17.00 | 17.00 | +1600 | 5.9% |
| 17/1 | $36.00 | $18.00 | 18.00 | +1700 | 5.6% |
| 18/1 | $38.00 | $19.00 | 19.00 | +1800 | 5.3% |
| 19/1 | $40.00 | $20.00 | 20.00 | +1900 | 5.0% |
| 20/1 | $42.00 | $21.00 | 21.00 | +2000 | 4.8% |
| 25/1 | $52.00 | $26.00 | 26.00 | +2500 | 3.8% |
| 30/1 | $62.00 | $31.00 | 31.00 | +3000 | 3.2% |
| 40/1 | $82.00 | $41.00 | 41.00 | +4000 | 2.4% |
| 50/1 | $102.00 | $51.00 | 51.00 | +5000 | 2.0% |
| 99/1 | $200.00 | $100.00 | 100.00 | +9900 | 1.0% |
How the chart is calculated: a $2 win bet at odds A/B returns $2 + $2 × A ÷ B. Pari-mutuel payoffs are figured per $1 and rounded down to the nearest 10 cents (breakage), and the $2 payoff is twice the $1 payoff, which is why 1/9 shows $2.20 rather than $2.22. Tote boards also round the displayed odds to these standard increments, so the actual payout can be somewhat higher than the row shown, up to the next row. Treat every figure as approximate.
How to calculate horse racing odds and payouts
Read the odds as profit over stake. 7/5 means you win $7 for every $5 you bet; 9/2 means $9 for every $2. To work out a payout, divide the first number by the second, multiply by your stake to get profit, then add the stake back. At 7/5 on a $2 bet that is 7 ÷ 5 = 1.4, 1.4 × $2 = $2.80 profit, plus $2 = $4.80. At 9/2 it is 9 ÷ 2 = 4.5, 4.5 × $2 = $9.00 profit, plus $2 = $11.00.
Prices shown as "1/1" or "even money" double your stake: a $2 bet returns $4.00. Anything shorter, such as 4/5 or 2/5, is odds-on and returns less than double. Anything longer, such as 6/1 or 20/1, returns more than double. Win odds describe the win pool only; place, show, exacta and trifecta payouts come from separate pools and cannot be read from this chart. For those, see the exacta payout calculator.
Horse betting odds converter: fractional, decimal, American and percentage
The chart doubles as a quick odds converter for standard prices. For any price, including ones not on the board, the same formulas apply:
- Fractional to decimal: 1 + A ÷ B. 7/5 becomes 2.40 and 9/2 becomes 5.50.
- Fractional to American: +100 × A ÷ B at even money or longer (9/2 is +450); −100 × B ÷ A when odds-on (2/5 is −250).
- Fractional to implied probability: B ÷ (A + B). 7/5 implies 5 ÷ 12, about 41.7%.
To convert a price you typed yourself, or to apply a stake other than $1 or $2, use the interactive horse racing betting calculator. It accepts fractional, decimal or American odds and returns the payout, profit and implied probability for any stake.
Open the odds converter and payout calculator
Use this chart on your site
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<a href="https://gamelinracing.com/tools/horse-racing-odds-payout-chart/"><img src="https://gamelinracing.com/assets/embed/odds-payout-chart.png" alt="Horse racing odds payout chart: what each price pays on a $2 win bet" width="600" height="600" loading="lazy"></a><p>Source: <a href="https://gamelinracing.com/tools/horse-racing-odds-payout-chart/">Horse racing odds payout chart by GAMELIN</a></p>Please keep the credit link; do not alter the figures or present the chart as an official payoff table.
What the chart does not tell you
Implied probability describes the price, not the horse. Because the track takes its share of every pool before paying winners, the implied percentages of all horses in a race add up to more than 100%, so none of them is a true chance of winning. A short price is not a safer bet and a long price is not better value by itself. To test a price against your own estimate, use the fair odds calculator, read how horse racing odds work, and remember that passing is a valid decision.
Betting should stay within a limit you set before the race, with money you can afford to lose. If it stops being fun, read the responsible play page or call 1-800-MY-RESET for free, confidential help.
Common questions
What does 7/5 pay on a $2 bet?
$4.80 in total if the horse wins at 7/5. 7/5 means $7 of profit for every $5 staked, so a $2 win bet earns $2.80 profit and returns your $2 stake as well. In decimal odds 7/5 is 2.40, and 2.40 × $2 = $4.80.
What does 9/2 pay on a $2 bet?
$11.00. 9/2 is decimal 5.50, so a winning $2 win ticket returns 5.50 × $2 = $11.00: $9.00 profit plus the $2 stake. A $1 ticket at the same price returns $5.50.
How do you work out horse racing odds payouts?
For odds of A/B, a $2 win bet returns $2 + $2 × A ÷ B. At 7/2 that is $2 + $2 × 3.5 = $9.00. Equivalently, convert to decimal odds (1 + A ÷ B) and multiply by your stake. The result is the total return including your stake; subtract the stake to get profit.
How do I convert horse racing odds to decimal, American or a percentage?
Decimal odds are 1 + A ÷ B, so 5/2 is 3.50. American odds are +100 × A ÷ B when the horse is at even money or longer (5/2 is +250) and −100 × B ÷ A when it is odds-on (2/5 is −250). Implied probability is B ÷ (A + B), so 5/2 implies 2 ÷ 7, about 28.6%.
Why is the real tote payout different from this chart?
Three reasons. Pari-mutuel odds keep moving until betting closes, so the final price can differ from the one you saw. The odds on the board are rounded to a standard increment, so a horse shown at 7/5 can actually be a little longer and pay slightly more. And payoffs are rounded down to the dime (breakage). The chart is the arithmetic for the displayed price, not an official payoff.
What do odds-on prices like 1/9 or 2/5 pay?
Very little over your stake. A $2 win bet at 1/9 returns about $2.20, at 1/5 $2.40, at 2/5 $2.80 and at 4/5 $3.60. Short prices still lose the whole $2 if the horse does not win, so a low payout is not the same as a low-risk bet.
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Each tool answers one arithmetic question with your inputs. None of them predicts a payout, picks a horse or qualifies a GAMELIN BET.
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Sources and scope
Official references and GAMELIN's published evidence. Check current track and operator information before acting.