What does 11/5 odds mean?
Betting odds are a numerical representation of the likelihood of a particular outcome. In the case of 11/5 odds, it means that for every 5 units you stake, you will win 11 units if your bet is successful.
This is in addition to getting your stake back.
For example, if you bet:
– £1 at 11/5 odds, you could win £2.20, plus your £1 stake back.
– £5 at 11/5 odds, you could win £11, plus your £5 stake back.
– £10 at 11/5 odds, you could win £22, plus your £10 stake back.
– £25 at 11/5 odds, you could win £55, plus your £25 stake back.
– £50 at 11/5 odds, you could win £110, plus your £50 stake back.
– £100 at 11/5 odds, you could win £220, plus your £100 stake back.
Understanding the Payout of 11/5 Odds
The payout of 11/5 odds is quite straightforward. If your bet is successful, you will receive 11 units for every 5 units you staked, plus your original stake.
The total payout is therefore your winnings plus your original stake.
What Does 11/5 Odds Each Way Mean?
An each-way bet is essentially two bets in one – a bet for the win, and a bet for a place (usually 2nd or 3rd). If you bet each way at 11/5 odds, you’re placing one bet on the selection to win and another on it to place.
If your selection wins, you’ll get the payout for both the win and the place. If it only places, you’ll just get the payout for the place.
For example, if you bet:
– £1 each way at 11/5 odds, you could win £2.20 for the win and a fraction (usually 1/4 or 1/5) of this for the place.
– £5 each way at 11/5 odds, you could win £11 for the win and a fraction of this for the place.
– And so on, for £10, £25, £50, and £100 each way bets.
Converting 11/5 Odds to Decimal
Decimal odds are another way to represent the same information as fractional odds. To convert 11/5 odds to decimal, you simply divide 11 by 5 and add 1.
This gives you a decimal odds of 3.20.
Summary of 11/5 Odds
| Stake | Winnings | Total Return | Each Way Win | Decimal Odds |
|---|---|---|---|---|
| £1 | £2.20 | £3.20 | Depends on place terms | 3.20 |
| £5 | £11 | £16 | Depends on place terms | 3.20 |
| £10 | £22 | £32 | Depends on place terms | 3.20 |
| £25 | £55 | £80 | Depends on place terms | 3.20 |
| £50 | £110 | £160 | Depends on place terms | 3.20 |
