Horseracing

[clowntable]

Does any of you happen to know how horseracing odds are calculated in France?
I have a racetrack 10 minutes from where I live but still haven't figured out how it works [img]/images/graemlins/wink.gif[/img]
All my googling made me wonder if there is actually some logic behind this madness. The generall horseracing odds were understandable, but well. I can't provide any further information but next time I go I'll get pen and paper and write down what I think how it works.

[Lori]

[ QUOTE ]
Does any of you happen to know how horseracing odds are calculated in France?
I have a racetrack 10 minutes from where I live but still haven't figured out how it works [img]/images/graemlins/wink.gif[/img]
All my googling made me wonder if there is actually some logic behind this madness. The generall horseracing odds were understandable, but well. I can't provide any further information but next time I go I'll get pen and paper and write down what I think how it works.

[/ QUOTE ]

If they use pari-mutual (or however you spell it) then they basically take all the money, take their cut and then produce odds on the totals.

EG:

(House cut 20% example)

Horse A: $1000 bet
Horse B: $2000 bet
Horse C: $1000 bet

total bet = $4000-$800 house = $3200 left to be paid out

Horse A $2200-$1000 odds = 2.2-1
Horse B $1200-$2000 odds = 0.6-1
Horse C $2200-$1000 odds = 2.2-1

(Note:they pay back $3200 whoever wins)

I don't want to swear to this 100%, but I'm assuming it's a tote system pretty much like any other. I've bet on it before and it seemed that way [img]/images/graemlins/smile.gif[/img]

Lori