Bookmakers in the United Kingdom (and Ireland) usually quote prices using fractional odds (i.e. 5/1, 1/2, etc). How much do you really know about Fractional odds? Fractional odds show how much the bettor can profit, relative to their stake, IF their bet wins. In this article ‘Fractional Odds explained in detail’ we explain everything you will need to know about fractional odds.
- Fractional odds show the payoff:stake ratio. The left hand number of the fractional odds is the amount of profit you will make IF your bet wins (PAYOFF), and the right hand number is the amount you will have to gamble (STAKE). IF your bet loses, you forfeit the stake. If your bet wins, you get your stake back AND the payoff.
- 5/1 odds mean that if you bet £1, you will make £5 profit if your bet wins (i.e. if your bet wins the bookmaker will return you original stake of £1 AND pay you £5 profit). Remember, the odds just show a ratio – you don’t have to bet exactly £1. If you bet £2, you make £10 profit if your bet wins. If you bet £60, you make £300 profit if your bet wins.