For a 10-horse race, the total amount bet is $10,000 with $2,000 bet on Horse A. If the take is 10%, the odds for Horse A are

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The total amount bet is $10,000, and the take is 10%, leaving $9,000 to be distributed among winners. With $2,000 bet on Horse A, there is $8,000 bet on other horses. For every dollar bet on Horse A, there are $4 bet on others, making the payout ratio 4 to 1 against Horse A. After adjusting for the original bet, the odds become 3 to 1, or more precisely, 7 to 2.

For a 10-Horse Race, the Total Amount Bet Is $10,000