What are the Odds? The Betting Basics for Packwood Grand
Your stake is how much you want to bet. The minimum for Packwood Grand is $1; there is no maximum.
We said “basics,” okay? Your horse must finish 1st to be a win.Place: Your horse must finish 1st or 2nd.
Three equal bets to win, place and show on a single horse
If you can’t decide, ask for a Quick Pick and a number will randomly be selected for you.
You might hear that a horse has long odds (e.g. 33-1, 50/1, or even 500/1). This generally means that a horse is very unlikely to win.
Short odds insinuates that a horse has a good chance of finishing first (e.g. 2/1, 4/1 or “evens”).
Try to pick the first two horses to cross the finish line. They must finish in the exact order you designate when purchasing your ticket.
Try to pick the first three horses to cross the finish line in the exact order.
Pick-3, -4, -6, -7: Pick the winning horses in 3, 4, 6, or 7 consecutive races.