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 |
