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For example 35 odds means that for every 500 you wager youll win 300 Payouts are determined by how much is in the total pool all the money bet on all the horses to win minus the take which is usually between 1420 depending on the track
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In addition to traditional betting who lay the odds are in effect acting as a bookmaker The odds of a horse are set by the market conditions of the betting exchange which is dictated to by the activity of the members
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