Evens or Even Money
When your stake equals your winnings, e.g., an investment of Rs 10 fetching a return of another Rs 10, totaling to Rs 20 including the investment.
When the returns are less than your investment. For example, if a horse you back is at 80/100, a bet of Rs 100 will return Rs 180 which includes your investment.
The odds offered on a horse at the time of the start of the race and at which bets are settled by the official bookmakers.
First, second or third position at the finish.
Wager on a horse to finish first, second or third. Place bets are given upto two places if there are 4 or more runners; upto three places if there are 8 or more runners.