“I haven't bet on horses in a few years, but around 5 o'clock I decided why not,” said Green, a former basketball and field hockey player at Holy Spirit High. Her $10 bet turned into a modest $818 windfall as Rich Strike paid $163.60 to win, $74.20 to place, and $29.40 to show.
$74,000 After Rich Strike stunned the world with a run for the ages at Churchill Downs on Saturday, one person won more than $74,000 on a $5 trifecta bet. Rich Strike had the second-longest odds of any Kentucky Derby winner ever. Only Donerail was a bigger underdog when he defeated Ten Point in 1913.
Using $100 as a standard betting unit, a bettor would have to wager the amount listed (i.e. -150) in order to win $100. In this instance, a bettor would have to wager $150 to win $100. If the bet wins, the sportsbook would pay $250, which is the stake ($150) plus the win ($100).
What do +600 odds mean: These are Moneyline odds for a heavy underdog that payout $600 on a winning $100 wager. What does +1200 mean in betting: This is another example of Moneyline odds for a massive underdog. A $100 bet on a team at +1200 means a payout of $1,200 if successful.
Odds expressed in terms of money, with $100 being the standard. If the odds are minus (–), then that amount of money must be wagered to win $100. (e.g. –150 means you must bet $150 to win $100.) If the odds are plus (+), that amount of money would be earned on a successful $100 wager.
This also means that your wager won't profit as much as it would if it was a positive number although you're more likely to win the bet. For instance, a $100 wager on +220 odds would return a profit of $220. However, a team with -220 odds would require a $220 bet to return a profit of $100.