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Snooooopy
05-08-2002, 12:25 AM
What's the difference between a favorite and an odds-on favorite? I started wondering about this after reading about the death of Seattle Slew.
Nametag
05-08-2002, 01:05 AM
Odds-on pays less than even money.
Reeder
05-08-2002, 01:07 AM
Think 1-5 instead of 5-1.
BalmainBoy
05-08-2002, 01:08 AM
In Oz, odds of 5-1 mean bookies think the horse has a 1 in 6 chance of winning. 5-1 on means 5 in 6 chance of winning.