1/1 odds are the best then it goes up from there anywhere up to 99/1. The lower the odds(1/1,7/2,5/1) are the Favorites that the odds makers(handicappers) think have the best chance to win. The higher odds(30/1,50/1) are considered the Long Shots. The numbers represent the amount of winnings per wager so $2 on a 50/1 long shot will get you $100. But don't let the odds decide your bet in the 2005 K.Y.Derby Giacomo won at 50.30/1 and paid $102.60 per $2 bet!!!
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