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The odds indicate how many times your stake will be multiplied in your total payout. For example: AR$100 bet at 1.50 odds will pay out $150 ($50 profit, plus yourR$100 stake).
The amount paid out is normally calculated in the following way:
1
Dividing your total stake by the number of horses included in the dead heat.
2
Multiplying that figure by the odds at which the bet was placed.