## What do 12/1 Odds Mean?

12/1 odds, in betting terms, mean that an event has a probability of 1 out of 13 chances to occur.

It’s a way of expressing the likelihood of a particular outcome. In simpler terms, if you were to bet £1 on an event with 12/1 odds, and your bet wins, you would receive £12 in winnings, plus your original £1 stake back.

To further illustrate this, let’s look at a few examples:

– If you bet £1 at 12/1 odds, you could win £12.

– If you bet £5 at 12/1 odds, you could win £60.

– If you bet £10 at 12/1 odds, you could win £120.

– If you bet £25 at 12/1 odds, you could win £300.

– If you bet £50 at 12/1 odds, you could win £600.

– If you bet £100 at 12/1 odds, you could win £1200.

## What do 12/1 Odds Payout?

A 12/1 odds payout means that for every £1 you bet, you will win £12 if your bet is successful. This does not include the return of your original stake.

If you place a £10 bet at 12/1 odds, your total payout would be £130 (£120 in winnings, plus your £10 stake).

## What does 12/1 Odds Each Way Mean?

Each way betting is a two-part bet, one part for the win and one part for a place (which includes 1st place). The place part of the bet is paid out at a fraction of the win odds.

If you place a £1 each way bet at 12/1 odds, you’re actually placing £1 on the win and £1 on the place, making your total stake £2.

Here are some examples:

– A £1 each way bet at 12/1 odds would cost £2 and could return £16 if the selection wins (you receive £13 for the win and £3 for the place).

– A £5 each way bet at 12/1 odds would cost £10 and could return £80.

– A £10 each way bet at 12/1 odds would cost £20 and could return £160.

– A £25 each way bet at 12/1 odds would cost £50 and could return £400.

– A £50 each way bet at 12/1 odds would cost £100 and could return £800.

– A £100 each way bet at 12/1 odds would cost £200 and could return £1600.

## What is 12/1 Odds as a Decimal?

In decimal format, 12/1 odds are expressed as 13.00. The decimal odds include the return of your original stake, which is not the case with fractional odds.

If you place a £1 bet at 13.00 odds, your total return if you win would be £13 (£12 in winnings, plus your £1 stake).

Stake | 12/1 odds win | 12/1 odds each way | Payout | Decimal odds |
---|---|---|---|---|

£1 | £12 | £16 | £13 | 13.00 |

£5 | £60 | £80 | £65 | 13.00 |

£10 | £120 | £160 | £130 | 13.00 |

£25 | £300 | £400 | £325 | 13.00 |

£50 | £600 | £800 | £650 | 13.00 |