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rogerwbovee
rogerwbovee asked in Games & RecreationGambling · 4 years ago

What does 99:1 odds in online horse racing mean?

Update:

I recently bet $10 on a horse to win in online betting which was at 99:1 odds at the time I made the bet. It was my understanding that if I won I would earn $990. It did win and they only credited me with $17. Have I been cheated and if so what can I do about it? Thanks.

4 Answers

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  • Blue Jay
    Lv 6
    4 years ago

    99-1 returns $200 for a $2 Mutual at any race track.

    A $10 wager would have returned $1,000

    i dont know what online site you were using, but it seams to me you was shorted $983

    You Said: At the time i made the bet.

    What were the closing odds?

  • Chris
    Lv 7
    4 years ago

    If you bet $1, and you win, you win $99.

  • Anonymous
    4 years ago

    That the betters are saying it has a 1 in 99 chance of winning. Those aren't good odds.

  • Anonymous
    4 years ago

    it means that out of 100 race, you're likely to win 99 and lose 1. Basically 99% win rate.

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