if i bet $50 on 3-5 odds how much will i win?

Based on a bet of $50 on a horse priced at 3/5, if the Horse won then your return would therefore be:

• Total return = $80
• Actual Profit = $30

Calculate your winnings using this simple Betting Calculator.

There are three various ways that sports betting odds can be displayed:

• American Odds (eg +110)
• Fractional/UK Odds (eg 12/5)
• Decimal/European Odds (eg 3.40)

As you'd possibly expect, American Odds are very popular with sports books in the United States. American sports betting odds work in a different way for favorites and underdogs, and are sometimes known as Moneyline Odds.

Fractional Odds are popular in the United Kingdom and are also frequently used in horse racing. Fractional odds can also be referred to as UK Odds, British Odds or Traditional Odds.

Decimal Odds are most popular in Australia, Europe and Canada, and according to Onlinegambling.com are the easiest to understand. Most online sports books will offer the selection of displaying their odds in decimal fashion. They are sometimes recognized as European Odds in the UK.

After an exciting, hard-charging finish to capture the middle jewel of the Triple Crown, oddsmakers appear undecided on whether California Chrome will complete the feat for the first time in 36 years. The three-year-old colt faces odds of 10/13 that he will win the Triple Crown, and 10/11 that he won’t, according to Bovada.lv.

Oddsmakers do have reasons for their skepticism, and it has little to do with California Chrome’s overall talent. Read more at International Business Times.