What Does 11/2 Odds Mean?
Betting odds of 11/2, often written as 5.5 to 1, tell you how likely an event is to happen according to the bookmaker. The number on the left (11) represents the potential winnings if you bet the amount on the right (2). So, if you bet £2, you could win £11.
Here’s how it works with different bet amounts:
| Bet Amount | Winning at 11/2 Odds | Payout at 11/2 Odds | Each Way Win at 11/2 Odds | Each Way Place at 11/2 Odds (1/4) | Each Way Place at 11/2 Odds (1/5) |
|---|---|---|---|---|---|
| £1 | £5.50 | £6.50 | £5.50 | £1.38 | £1.10 |
| £5 | £27.50 | £32.50 | £27.50 | £6.88 | £5.50 |
| £10 | £55 | £65 | £55 | £13.75 | £11 |
| £25 | £137.50 | £162.50 | £137.50 | £34.38 | £27.50 |
| £50 | £275 | £325 | £275 | £68.75 | £55 |
– If you bet £1 at 11/2 odds, you could win £5.50.
– If you bet £5 at 11/2 odds, you could win £27.50.
– If you bet £10 at 11/2 odds, you could win £55.
– If you bet £25 at 11/2 odds, you could win £137.50.
– If you bet £50 at 11/2 odds, you could win £275.
– If you bet £100 at 11/2 odds, you could win £550.
What is the Payout for 11/2 Odds?
The payout for 11/2 odds includes your original stake plus your winnings. For example, if you bet £10 at 11/2 odds, your total payout would be your initial £10 stake plus your £55 winnings, equaling £65.
What Does 11/2 Odds Each Way Mean?
An each way bet is essentially two bets in one: a bet on your selection to win, and a bet on your selection to place (usually in the top 2, 3, or 4, depending on the event).
If you bet each way at 11/2 odds, you’re betting on a selection to win at these odds, and also to place at a fraction of these odds (typically 1/4 or 1/5).
Here’s how it works with different bet amounts:
– If you bet £1 each way at 11/2 odds, your potential winnings for the win part of the bet would be £5.50, and for the place part of the bet would be £1.38 (at 1/4 odds) or £1.10 (at 1/5 odds).
– If you bet £5 each way at 11/2 odds, your potential winnings for the win part would be £27.50, and for the place part would be £6.88 (at 1/4 odds) or £5.50 (at 1/5 odds).
– And so on, with potential winnings for the win part of the bet always being 5.5 times the stake, and potential winnings for the place part being either 1.375 (at 1/4 odds) or 1.1 (at 1/5 odds) times the stake.
What is 11/2 Odds as a Decimal?
In decimal odds, 11/2 odds would be represented as 6.50. Decimal odds include the return of your original stake, so a winning £1 bet at 6.50 would return £6.50.
