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Generally speaking, if odds are given as "18:2" or "9:1" (usually written as "9-1" in a real horse race) against a horse, it means as follows:
{{quote|content=If you bet $1 to the horse and the horse wins,<br>you will earn '''$9''' (usually called "payout" in a real horse race)<br>and additionally $1 back that you bet;<br>Now you've got have '''$10''' in your pockets}}
See the horse D in the previous table.
 
The odds against horse D were 18:2, i.e., 9:1 (9-1).<br>
A bettor on D bet $1 and got $10 as a result of redistribution of pooled $20, which means the bettor '''earned $9 by betting $1 on horse D'''.

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