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In order to create an exciting betting environment and be sure not everyone simply bets on the favored horses, race tracks offer different odds for every horse. A heavily favored horse may given probabilities of 1-5, for instance. In this example if the favored horse finishes first gamblers who bet on said horse will receive only $2.40 for must dollars they bet. A horse which is seen as highly unlikely to win, however, may be given odds of 40-1. A gambler who bets on such a horse and wins would receive a huge $82 dollars for every two dollars he bets.
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