Odds in horse racing are returns to expect on your wager after a successful bet. The odds reflect the percentage chance the horse has at winning the race. A horse with lower chances of success has a bigger payoff. Decimal odds are fancied for having a stronger horse with a smaller number. Horses with a lower odd have a higher market rating than ones with a higher odd. Fractional odds don’t include the stake, so the lower price doesn’t guarantee anything. On the other hand, fixed odds don’t fluctuate depending on market support or against the horse. The odds become lower if more people have confidence in the horse.n