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The biggest deduction possible is 90p in the pound which happens when the non-runner was priced at a very heavy favourite at odds of 1/9 or shorter.The smallest deduction is 5p in the pound which happens when the non-runner was priced at 10/1 to 14/1 inclusive. When you are placing a bet for a future race - often called an “antepost” bet, it is sometimes possible to place that bet with a popular concession called “Non Runner No Bet” (NRNB). A lot of bookmakers offer NRNB after a certain date on the races taking place at the Cheltenham Festival. It is also widely offered after a certain date on the Grand National. Generally, with antepost betting the odds on offer factor in the chance of the horse actually contesting the race as well as winning it.

• Personalized dashboard with favorite sports and bookmakers
• Option to compare odds in decimal, fractional, or American format
• In-app quick guide to reading and understanding different odds formats
• "Value Bet" flag based on statistical models and closing line value

So antepost odds can often be bigger than the odds you’d be able to get on the day of the race. However, with antepost betting you risk losing your stake if your horse doesn’t run due to injury or the owner/trainer deciding to go elsewhere. With No Runner No Bet you can back your horse safe in the knowledge that you’ll get your stake refunded if it doesn’t run so it’s a great safety net if you’re betting on events happening in the future.

• Odds history graphs showing line movement over the past 24 hours
• Filtering options by sport, league, event type, and bet type
• Bookmaker reliability scores and user payout reviews
• Arbitrage opportunity detector with calculated profit percentage
• Integrated bet calculator for potential returns on parlays and systems

On the downside, the odds offered can be a lot shorter than what you can get from a bookmaker not offering NRNB. If it’s your first time betting, you’ll want to clue up on the different bet types you’ll find at bookmakers with the best horse racing odds. The odds will vary between each market so it’s easy to find something that caters to your preferred level of risk vs reward.

• Aggregated "best odds" guarantee tables for top 5 bookmakers per market
• Weather condition indicators for outdoor sports when it affects betting lines
• Historical performance data showing which bookmaker offers the best price most often
• Social sharing feature for "best find" odds comparisons

Winner – Plain and simple, this is a bet on the horse you think will come first in the race. Betting on the favourite gives a higher chance of winning with a lower reward, or you can take a punt on a long shot that might yield a bigger win. Place – A place bet allows a bit more breathing room for your bet to come good.

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Essentially, the number represents the total amount that is won for a £1 bet. If the horse racing odds say 3.00, the payout for a £1 bet is £3. If you bet £10, meanwhile, the potential payout would be £30. With decimal odds, the number represents the total payout, including the stake. So in our example the actual profit bet sports betting offers today would be £2.

American money line odds

It’s easy to calculate the potential payout using decimal odds — simply multiply them by your stake amount. Although the odds factor in things like how much money has been placed on a horse and the bookmaker’s profit margin, the price roughly represents probability. The calculations can be a bit tricky, but for an example let’s say a favourite is priced to finish in the places at 8/13. We need to use the formula B / (A + B) x 100%, where A is the smaller number and B is the bigger number. That gives us 13 / 21 * 100% = 61.9%.

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For another example, say, 7/2, the calculation would be 2 / 9 x 100% = 22.2%. It is important to be aware that you won’t always get paid out at the horse racing betting odds you took. If, after your bet was placed, a “non-runner” is declared, a rule 4 deduction will be applied to bets struck prior to that horse being pulled out. The size of the deduction is based on the odds of the horse before it was pulled out. The shorter the odds, the bigger the deduction and if the horse was priced at odds bigger than 14/1 no deduction will be made at all. Rather than winning outright, your horse simply needs to finish in a top position. The number of places paid usually depends on how many runners there are, and can vary from just two places up to eight or more in the biggest and most prestigious events. Each-Way – An each-way bet combines winner and place bets into one, splitting your stake between the two.

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A highlight of the flat racing calendar for many, the Prix de L’Arc de Triomphe is run at Longchamp Racecourse in Paris. Roughly 1½ miles in length, the race is open to horses of all ages and was first run in 1920. Today, over 60,000 spectators attend the Arc weekend. No horse has won the race more than twice, although legendary jockey Frankie Dettori has six wins under his belt. One of the newest big horse racing events, the Dubai World Cup was inaugurated in 1996.

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This Group 1 race takes place at Meydan Racecourse on a left-handed dirt track and is roughly 10 furlongs in length. Since 2019, it’s been the richest horse race in the world, with a total prize purse of $12 million in 2023. Thunder Snow has picked up two wins at the event (2018 and ‘19), while Frankie Dettori and Jerry Bailey are tied with four wins each. Horse betting odds may seem a bit confusing at first, particularly if you’re not sure what the difference is between fractional and decimal. However, once you get the hang of it, you’ll be able to identify the favourite and the outsiders from just a quick glance at the racing odds.

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Let’s start with fractional and take the example of 5/1 — here you’d stand to win £5 if you bet £1. The same goes for when the number on the left is smaller — at 1/2 odds you’d need to bet £2 to win £1. In each example, you’d get your £1 stake back as well. A larger number on the left of the slash therefore represents what we call longer odds, which means the event is less likely to happen. If the number on the right is larger, these are short odds, meaning the event is more likely to happen. If your horse comes first, both legs of the bet win and you get the maximum payout. And if it falls a little short but still gets a good enough finish, the place bet will win while you lose the win bet.

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Lester Piggott is the all-time leading jockey with nine wins spanning three decades. The highlight of the British summer social calendar, Royal Ascot is a five-day flat racing event that takes place in June each year. Held at Ascot Racecourse in Berkshire, which opened back in 1711, the Royal Meeting features several historic races including the Queen Anne Stakes and the Gold Cup, which is Britain’s most prestigious event for long-distance racing specialists. Each day of the event begins with the Royal Procession, where the King and Queen arrive by carriage before watching the races from the Royal Enclosure. Run at Kempton Park, the King George VI Chase is a Grade 1 National Hunt race that’s roughly three miles long.

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It first ran in 1937, although was paused during World War II while the racecourse was repurposed. Since then, this thrilling race for four-year-old horses has taken place each year on Boxing Day. Kauto Star is the most successful runner, with four consecutive wins from 2006–09 and another first-place finish in 2011. Set among the beauty of the South Downs, Glorious Goodwood takes place each summer at the eponymous racecourse. The track is known for its complexity and is the location of a number of prestigious flat races such as the Sussex Stakes, Nassau Stakes, and Goodwood Cup.

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You’ll find all the best horse racing odds for these events and more on our Goodwood odds page. The Melbourne Cup is one of Australia’s biggest sporting events, with plenty tuning in from around the globe. Almost two miles in length, the race is open to horses that are at least three years old and was first held in 1861. With an A$8 million prize purse, it attracts some of the world’s best horses and jockeys. Makybe Diva has seen the most success on the track, with three consecutive wins in 2003, ‘04, and ‘05. Many punters like to start with this type of bet. Double – A double is a bet combining two selections across separate events, say Horse A to win Race 1 and Horse B to win Race 2. Both picks must win for your bet to succeed. Place and each-way bets can also be placed as doubles. Treble – A treble is just like a double, but with three picks instead of two, so it’s a bit harder to win. Accumulator – An accumulator works like a double or treble but usually refers to bets with four selections or more.

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The Cheltenham Festival is the biggest National Hunt event on the calendar as the elite do battle over four fabulous days of top quality jumps racing and we have you covered here! At HorseRacing.net you can compare Cheltenham odds for all 28 races right now and bet via some of the best horse racing betting sites. So whether its odds for the Champion Hurdle or Cheltenham Gold Cup you can access them now in the Cheltenham section of the site. Taking place each year in March during the Cheltenham Festival, the Gold Cup is a Grade 1 National Hunt steeplechase. It’s the feature race of the festival and takes place on day four.

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Run over a distance of about 3 miles, 2 furlongs and 60 yards, the course includes 22 fences to be jumped. The Gold Cup was inaugurated in 1924, and the most successful horse remains Golden Miller after five consecutive wins from 1932 to 1936. The Grand National is perhaps the most famous National Hunt horse race in the world. Held annually at Aintree Racecourse in Merseyside, it’s a handicap steeplechase that was first run in 1839. The distance covers around 4 miles and 2½ furlongs and features 30 fences over the two laps.

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The prize purse is the largest for any jump race in Europe, totalling £1 million since 2017 — I Am Maximus, the 2024 winner, took home £516,000. Many casual punters have a flutter once a year when the Grand National rolls around, so be sure to check in here in 2026 for the best racing odds for this event. The Epsom Derby is a flat horse race open to three-year-old colts and fillies. It takes place at Epsom Downs Racecourse in Surrey on the first Saturday of June each year, covering a distance of 1 mile, 4 furlongs and 10 yards. First run in 1780, the Derby is one of the showpiece races of the flat season and is considered the most prestigious of the five Classics. Each leg of the acca must succeed for your bet to win. Trixie – A Trixie is a type of combination bet involving selections across three separate races.

The bet is made up of three doubles and a treble for four bets in total.

At least two of your selections need to win in order to land a return. Yankee – A more complicated system bet is the Yankee, which requires four selections: six doubles, four trebles, and a four-fold acca.