What Do 1/1 Odds Mean?
| Bet | 1/1 Odds | 1/1 Each Way Bet | 1/1 Odds Payout | 1/1 Decimal Odds |
|---|---|---|---|---|
| £1 | Win £1 | Total Return £2 | Payout £1 | 2.0 |
| £5 | Win £5 | Total Return £10 | Payout £5 | 2.0 |
| £10 | Win £10 | Total Return £20 | Payout £10 | 2.0 |
| £25 | Win £25 | Total Return £50 | Payout £25 | 2.0 |
| £50 | Win £50 | Total Return £100 | Payout £50 | 2.0 |
| £100 | Win £100 | Total Return £200 | Payout £100 | 2.0 |
1/1 odds, also known as “evens” or “even money,” means that you stand to win the same amount as your stake. This implies that for every £1 you bet, you will win £1 if your bet is successful.
To illustrate, if you bet £5 at 1/1 odds, and your bet wins, you will win £5. Similarly, if you place a £10 bet, you will win £10, a £25 bet will win you £25, a £50 bet will win you £50, and a £100 bet will win you £100.
What is the Payout for 1/1 Odds?
The payout for 1/1 odds is straightforward – you win the same amount you wagered. If you bet £1, your payout will be £1. If you bet £5, your payout will be £5. The same pattern applies to bets of £10, £25, £50, and £100.
What Does 1/1 Odds Each Way Mean?
Betting each way at 1/1 odds means that you are actually placing two separate bets. One bet is on the selection to win, and the other is on the selection to place. The place part of the bet is paid out at a fraction of the win odds.
For instance, if you bet £1 each way, you are actually betting £2 in total – £1 on the win and £1 on the place.
If your selection wins, you will get a total return of £2 (1/1 on the £1 win bet and 1/1 on the £1 place bet). The same principle applies to each way bets of £5, £10, £25, £50, and £100.
What is 1/1 Odds in Decimal Format?
In decimal odds format, 1/1 odds are represented as 2.0. This is because decimal odds include the return of your original stake. Therefore, if you bet £1 at odds of 2.0, you will receive £2 in total if you win – your £1 stake returned, plus £1 in winnings.
Odds Meanings:
