Racing Odds to Probability
Convert morning line and tote board odds to win probability. Understand what the odds really mean for your horse racing bets.
Common Odds Reference
Understanding Racing Odds
Horse racing odds in the US are displayed as fractional odds (like 5-1 or 3/2). The first number represents what you win for every unit of the second number wagered. Unlike sports betting, racing odds are pari-mutuel and include a track takeout of 15-25%.
Reading the Tote Board
- Morning Line: Track handicapper's estimate before betting opens
- Tote Odds: Live odds based on actual betting pool
- Favorites: Horses at 5-2 or lower are heavily bet
- Longshots: 10-1 or higher offer big payouts but lower probability
Take Your Horse Racing to the Next Level
TrackWiz provides professional-grade horse racing data, analytics, speed figures, and expert picks for every track in North America.
Speed Figures
Proprietary speed ratings for every horse in every race
Expert Picks
Daily selections from professional handicappers
Live Odds
Real-time odds and pool data at your fingertips
More Horse Racing Calculators
Responsible Gambling
Gambling should be entertaining, not a way to make money. Only bet what you can afford to lose, and never chase your losses.