Do You Really UnderStand The Odds. Understand Like a Pro
How To Understand the TRUE CHANCES
How to Understand and Interpret Betting Odds (Like a Pro!)
So, you’re looking at betting odds and thinking, “What the heck do these numbers mean?” Don’t worry—I’ve got you covered. Whether you're betting on horses, football, or any other sport, understanding odds is way easier than it seems.
What Are Betting Odds?
Odds basically tell you two things:
- How likely something is to happen (according to the bookies).
- How much money you can win if you bet on it.
The Three Types of Odds
There are three main ways odds are shown:
1️⃣ Fractional Odds (UK Style)
Example: 5/1 (read as “five to one”)
- This means for every $1 you bet, you win $5 (plus your original $1 back).
- If the odds were 2/1, you’d win $2 for every $1 bet.
- If the odds were 1/2, you’d need to bet $2 to win $1 (not as exciting, huh?).
2️⃣ Decimal Odds (European Style)
Example: 6.0
- This tells you how much you get back in total for every $1 bet.
- If the odds are 6.0, you’ll receive $6 for every $1 (including your original bet).
- If the odds are 1.5, you’ll only get $1.50 for every $1—so it’s a safer but smaller win.
3️⃣ Moneyline Odds (American Style)
Example: +300 or -150
- Positive numbers (e.g., +300) = How much you win from a $100 bet (so, +300 means you’d win $300 if you bet $100).
- Negative numbers (e.g., -150) = How much you need to bet to win $100 (so, -150 means you’d have to bet $150 to win $100).
What Do the Odds Say About Winning Chances?
Betting Odds & Winning Percentages
For example, if a horse is 5/1, it only wins about 17% of the time. That means if the race happened 100 times, it would only win 17 times!
Remember if you are going to bet - DO YOUR HOMEWORK and MAKE A INFORMED DECISION !
Contact Us
Luke Murrell
March 5, 2025
Latest News

European stayer Al Riffa will attempt to give Irish trainer Joseph O’Brien a third win in the Melbourne Cup having been purchased by Australian Bloodstock. But Al Riffa will not remain in Australia post the Melbourne Cup and will chase lucrative prize money targets on the world stage. Al Riffa has been purchased by Australian Bloodstock with the express view of winning this year’s Melbourne Cup after which he will travel to Hong Kong for the International meeting in December and to the Dubai World Cup meeting in March. Jamie Lovett of Australian Bloodstock said Al Riffa would remain in the care of O’Brien who has previously won the Melbourne Cup with Rekindling in 2017 and Twilight Payment in 2020. Lovett said Al Riffa would run in the Irish St Leger at the Curragh on September 14 and form part of the second shipment of horses into Melbourne for the Spring Carnival . Al Riffa attracted the attention of Australian Bloodstock after his victory in the Group 2 Curragh Cup on July 19. “He’s the obvious horse, for the want of a better term,” Lovett told SEN. “We weren’t the only ones that would have identified him and like a lot of these horses, it’s a process. “He’s been a horse with a good profile and after his last win, his first time over a mile-and-a-half, he had a flashing light, and the two miles should be no problem for him. “Talking to Joseph O’Brien, he will have one more run in the traditional path in the Irish St Leger on the weekend of September 14 and with the Ballydoyle arrangement he can quarantine in Ireland.” Lovett said the new ownership group of Al Riffa is worldwide, adding they not only wanted a horse to run in the Melbourne Cup, but to win the race. “The majority of the horse is actually owned by some expats in Europe and Dubai,” Lovett said. “It’s good knowing you can go in boots and all knowing you have that support, and some Australian-based owners that have come into the horse as well. “From our point of view, it gives the owners the opportunity to travel abroad with him. There is the opportunity to go onto Hong Kong and then hopefully onto the Dubai World Cup meeting. “We’ll make arrangements for him to stay in Melbourne post the Melbourne Cup Carnival and then make his way up to Hong Kong in December.”

Melbourne Cup (G1)-winning syndicators Australian Bloodstock have purchased dual group 1 winner Al Riffa . The talented son of Wootton Bassett , who dominantly scored a five-length romp in the Curragh Cup (G2) July 19, will remain in training in Ireland with Joseph O'Brien and be aimed at the Melbourne Cup, a race the trainer has won twice before with Twilight Payment in 2020 and Rekindling in 2017. While Australian Bloodstock director Jamie Lovett stressed the group 1 on the first Tuesday in November is the main target for the 5-year-old, the horse could also venture on an international campaign, which could include both Dubai and Hong Kong. "We wanted a horse that could come down and not just be competitive, but be good enough to win a Melbourne Cup," Lovett told ANZ News. "So the fact that (his last start win) was his first time beyond a mile and a half at the Curragh last start, so he has clearly ticked that box, he couldn't have been more impressive. He's staying with Joseph and will likely head to Hong Kong and hopefully on to World Cup night in Dubai. That was a big tick for our owners because that was the brief—to find us a horse that we could travel abroad with." Lovett confirmed Al Riffa—whose two group 1 wins have come in the 2022 National Stakes (G1) as a 2-year-old and the 2024 Grosser Preis von Berlin (G1)—will be given one final European run before his journey south for the Cup Nov. 4. "It's my understanding talking to Joseph, he'll run in the Irish St Leger mid-September, and that'll be his last run and then he'll quarantine at Ballydoyle before coming down into Victoria." Australian Bloodstock has a proven track record with Northern Hemisphere imports, highlighted by their 2022 Melbourne Cup triumph with French-bred Gold Trip , while they tasted success in the Flemington showpiece for the first time in 2014 with Protectionist, another bred in Europe. This year, they will also be represented in the race by last year's favorite Vauban , who they purchased last year, and Lovett believes Al Riffa fits their criteria. "There's obviously plenty of filters, and historically buying horses at the top of the weights for a big handicap can be flawed. But I think Gold Trip taught me that class carries you a long way and this horse is obviously a very, very good horse. "He is a group 1 winner in Germany, but more importantly, he has form behind Rebel's Romance. In my mind, I don't think we've found the ceiling with this horse. I think Joseph made a similar comment that he's still a horse on the up; he's not heavily taxed. "He's only had 14 starts, and I just feel he was the right horse for the brief that we had to go and purchase. There's a few local owners coming into the horse, but the majority of the horse was purchased by European clients and some clients in Dubai." Al Riffa is the third foal out of the unraced Galileo mare Love On My Mind, herself a sister to group 3 winner and 2016 Ascot Gold Cup (G1) second Mizzou.

Two Melbourne Cups with imports (Protectionist and Gold Trip), but scoring with a debutante at Newcastle yesterday wasn’t without some significance either. Whilst million dollar and plus yearlings are the norm nowadays. Australian Bloodstock had to pay only $10,000 at the 2023 Inglis HTBA sale in Sydney for now three-year-old Caltsar, who gave his large group of syndicate owners a quick return when he got off the mark as a $1.24 hotpot. On the strength of two recent trial victories, Caltsar (Ash Morgan) justified his short quote and picked up $26,625, including a $5625 BOBS bonus. “He’s definitely one of our cheapest buys in recent times,” said Australian Bloodstock director Jamie Lovett this morning in giving credit to fellow director Luke Murrell. “Caltsar had a parrot mouth, but there was nothing physically wrong with the horse. “We thought he would bring a lot more, perhaps 40 or 50 thousand dollars. “Luke wasn’t deterred and stuck to his guns and got him for $10,000.” Caltsar was indeed the cheapest of five yearlings Australian Bloodstock purchased at that sale. Only eight lots earlier they went to $45,000 to secure the first living foal of their eight-times winner and Group 1 placegetter Princess Posh (who has been named Poshy’s Girl and is yet to race). Still getting Caltsar cheaply was the easiest part. For Newcastle trainer Nathan Doyle to get him to the races was another story. “The breaker told us Caltsar needed time, and he was right,” Lovett said. “He’s definitely a work in progress, and has plenty to learn. “Caltsar tossed Ash (Morgan) at the crossing after winning his latest trial (920m) on the course proper at Broadmeadow on April 2. “It wasn’t a strong race yesterday, but a good starting point and great for his owners to get his maiden out of the way. “Caltsar (by Calyx) will get better with experience and also when he gets over a bit of ground. “Sometimes you never know when horses such as him will jump out of the ground and win a nice race.” Story John Curtis , April 24, 2025 - Pics Bradley Photos