What do 11/8 Odds Mean?
In the world of betting, 11/8 odds are known as fractional odds and they represent the profit you stand to make relative to your stake.
If the odds are 11/8, for every £8 you bet, you will win £11 plus your original stake if your bet is successful.
Let’s break this down with some examples:
– If you bet £1 at 11/8 odds, you stand to win £1.38 plus your original £1 stake.
– If you bet £5, your potential winnings would be £6.88 plus your £5 stake.
– Betting £10 would yield a profit of £13.75 plus your £10 stake.
– With a £25 bet, your winnings would be £34.38 plus your £25 stake.
– If you bet £50, you could win £68.75 plus your original £50 stake.
– Lastly, a £100 bet at 11/8 odds would result in winnings of £137.50 plus your £100 stake.
What do 11/8 Odds Payout?
The payout from 11/8 odds depends on the amount you stake. As mentioned above, for every £8 you bet, you stand to win £11.
Therefore, if you placed a £8 bet, your total payout (winnings plus stake) would be £19.
What does 11/8 Odds Each Way Mean? Definition and Examples
An each-way bet is essentially two bets in one: a bet for your selection to win and a bet for your selection to place (usually top 2, 3 or 4 depending on the event).
When you place an each-way bet at 11/8 odds, you’re placing one bet on the win at 11/8 and one bet on the place at 1/5 of these odds.
Here are some examples:
– A £1 each-way bet would cost £2 (£1 on the win, £1 on the place) and could return £2.38 if your selection wins, or £0.28 if it places.
– A £5 each-way bet would cost £10 and could return £11.88 for a win, or £1.38 for a place.
– A £10 each-way bet would cost £20 and could return £23.75 for a win, or £2.75 if your selection places.
– A £25 each-way bet would cost £50 and could return £59.38 for a win, or £6.88 for a place.
– A £50 each-way bet would cost £100 and could return £118.75 for a win, or £13.75 for a place.
– Lastly, a £100 each-way bet would cost £200 and could return £237.50 for a win, or £27.50 for a place.
What is 11/8 Odds as a Decimal?
In decimal format, 11/8 odds are represented as 2.375.
This means for every £1 you bet, you stand to win £2.375, which includes your original stake.
Here is a summary of the main points about 11/8 odds:
| Bet | Winning at 11/8 | Each Way Win | Each Way Place |
|---|---|---|---|
| £1 | £1.38 | £2.38 | £0.28 |
| £5 | £6.88 | £11.88 | £1.38 |
| £10 | £13.75 | £23.75 | £2.75 |
| £25 | £34.38 | £59.38 | £6.88 |
| £50 | £68.75 | £118.75 | £13.75 |
