Horse racing betting odds in India work similarly to international systems but with some local adaptations. The most common format used by Indian bookmakers is the decimal odds system, which shows the total payout for every rupee wagered.
For example, if a horse has odds of 4.50, this means that for every ₹100 bet, you would receive ₹450 back if your bet wins - your original ₹100 stake plus ₹350 in profit. Indian betting platforms like Betway India, 10Cric, and LeoVegas use this system extensively.
Another popular format in India is the moneyline odds, displayed as either positive or negative numbers. Positive odds （e.g., +300） show how much profit you would make on a ₹100 bet, while negative odds （e.g., -150） indicate how much you need to bet to win ₹100.
Indian punters also encounter fractional odds, particularly in traditional betting circles. Odds of 3/1 mean you win ₹3 for every ₹1 staked, plus your original stake back. Many local Indian betting shops still prefer this format.
The odds are determined by various factors including the horse\“s past performance, jockey experience, track conditions, and betting patterns. Indian bookmakers constantly adjust odds based on the volume of bets placed through platforms like Parimatch and Bet365 India. |
