Win Odds and Approximate Payoffs ; , $, , $ ; , $, , $ ; , $, , $ Betting horse 1 with horses 5 & 7 for example would cost $4. This is because winning combinations 1 & 5 or 1 & 7 would do = 2 bets mean twice the stake. Because you're placing multiple wagers on your horse in a single bet, a win/place and place/show is more expensive. A $2 win/place bet will cost.
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Horse Race Betting Strategy - Sports Betting on Horse Races for Beginners - A Tutorial