How to Calculate Your Own Betting Odds?

You have a bet! You’re at the races! The horses are running at full gallop, the atmosphere is electric, and you’re eager to place your bet. You’ve got £10 on number 7 and just managed to find a bookmaker open when a horse whisperer calls out to you, “Hey, pal! Come over here and place your bet with me. I’ve got a real good feeling about this horse.” You follow the guy to the counter and place your bet. Your 10p piece goes in, the window is closed, and you’re left contemplating what would happen if 7 wins by a head. The excitement is indescribable, and you can feel yourself getting more and more impatient as the minutes pass by.