What do 15/2 odds mean?
Betting odds, such as 15/2, are a way of expressing the probability of a certain outcome in an event. In the case of 15/2 odds, this means that for every 2 units you stake, you could win 15 units back if your bet is successful.
This is a fractional odds format, commonly used in the UK.
For instance, if you were to bet £1 at 15/2 odds and you win, you would receive £7.50 in winnings, plus your £1 stake back, totalling £8.50. If you were to bet £5, you would receive £37.50 plus your £5 stake, making £42.50.
| Stake | Odds | Winning | Return | Each Way Return (Win) |
|---|---|---|---|---|
| £1 | 15/2 | £7.50 | £8.50 | £11.38 |
| £5 | 15/2 | £37.50 | £42.50 | £56.88 |
| £10 | 15/2 | £75 | £85 | £113.75 |
| £25 | 15/2 | £187.50 | £212.50 | £284.38 |
| £100 | 15/2 | £750 | £850 | £1137.50 |
A £10 bet would yield £75 plus your £10 stake (£85), a £25 bet would yield £187.50 plus your £25 stake (£212.50), a £50 bet would yield £375 plus your £50 stake (£425), and a £100 bet would yield £750 plus your £100 stake (£850).
What do 15/2 odds payout?
The payout for 15/2 odds depends on the amount staked. As mentioned above, for every 2 units staked, you could win 15 units.
Therefore, the potential payout for a £1 bet would be £8.50, for a £5 bet it would be £42.50, for a £10 bet it would be £85, for a £25 bet it would be £212.50, for a £50 bet it would be £425, and for a £100 bet it would be £850.
What does 15/2 odds each way mean? A definition with examples
Each way betting is a type of wager where the bet is split into two parts: a ‘win’ bet and a ‘place’ bet.
The win part of the bet is on your selection to win the event, and the place part is on your selection to finish either first, or within a range of places (usually 2nd, 3rd, 4th etc.).
With 15/2 odds each way, if your selection wins, you win both parts of the bet. If your selection only places, you lose the win part of the bet, but you win the place part.
The place part is usually paid out at a fraction of the win odds.
For example, if you bet £1 each way (total stake £2) at 15/2 odds and your selection wins, you would receive £7.50 for the win part and typically £1.88 (a quarter of the win odds) for the place part, plus your £2 stake back, totalling £11.38.
The same calculation applies to other stake amounts.
What is 15/2 odds as a decimal?
15/2 odds in decimal format is 8.50. This is calculated by dividing the first number by the second number, and then adding 1.
