15 to 8

What do 15/8 odds mean?

15/8 odds mean that for every £8 you bet, you win £15 if your selection is successful. These odds fall into the category of fractional odds commonly used in betting. The number on the left (15) represents the amount you win for every amount of the number on the right (8) that you wager.

In practical terms, if you place a bet at 15/8 odds and win, your profit would be £15 for every £8 staked. Additionally, you receive your original stake back. So, for a £8 bet at 15/8, your total return if successful would be £23 (£15 winnings plus the £8 stake).

This type of odds is usually seen in events where the outcome has a moderate likelihood of occurring – not a favorite, but not a long shot either.

What does 15/8 odds payout?

5/8 odds mean that for every £8 wagered, the profit will be £15 if the bet is successful. The payout at these odds can be calculated by multiplying the stake by 15/8.

Here’s how the payout works for different bet amounts at 15/8 odds:

1. Bet £1: Profit = (15/8) * £1 = £1.875. Total return (profit + stake) = £1.875 + £1 = £2.875.
2. Bet £5: Profit = (15/8) * £5 = £9.375. Total return = £9.375 + £5 = £14.375.
3. Bet £10: Profit = (15/8) * £10 = £18.75. Total return = £18.75 + £10 = £28.75.
4. Bet £25: Profit = (15/8) * £25 = £46.875. Total return = £46.875 + £25 = £71.875.
5. Bet £50: Profit = (15/8) * £50 = £93.75. Total return = £93.75 + £50 = £143.75.
6. Bet £100: Profit = (15/8) * £100 = £187.50. Total return = £187.50 + £100 = £287.50.

These examples illustrate the profit and the total returns for each bet, which include both the winnings and the original stake. The numbers may appear with more decimal places and could be rounded as per standard mathematical rules when dealing with currency.

What does 15/8 each way mean?

15/8 each way betting involves two separate bets of equal stake: one bet for the selection to win at the full odds (15/8) and another for the selection to place at a fraction of those odds.

The place bet typically pays out if the selection finishes in one of the top positions, often the top three, but this can vary.

The exact fraction of the win odds paid for a place bet is determined by the bookmaker, but it’s often 1/4 or 1/5.

Examples with 15/8 Place Terms at 1/4 the Win Odds

1. Bet £1 (£0.50 each for win and place):
   • Place Bet: If only the place bet wins, profit = (1/4 * 15/8) * £0.50 = £0.46875. Total return = £0.46875 (profit) + £0.50 (stake) = £0.96875.
   • Win Bet: If the win bet also wins, total return = £0.96875 (place return) + £1.875 (win profit) + £0.50 (stake) = £3.34375.
2. Bet £5 (£2.50 each for win and place):
   • Place Bet: Profit = (1/4 * 15/8) * £2.50 = £2.34375. Total return = £2.34375 + £2.50 = £4.84375.
   • Win Bet: If win, total return = £4.84375 (place return) + £9.375 (win profit) + £2.50 (stake) = £16.71875.
3. Bet £10 (£5 each for win and place):
   • Place Bet: Profit = (1/4 * 15/8) * £5 = £4.6875. Total return = £4.6875 + £5 = £9.6875.
   • Win Bet: If win, total return = £9.6875 (place return) + £18.75 (win profit) + £5 (stake) = £33.4375.
4. Bet £25 (£12.50 each for win and place):
   • Place Bet: Profit = (1/4 * 15/8) * £12.50 = £11.71875. Total return = £11.71875 + £12.50 = £24.21875.
   • Win Bet: If win, total return = £24.21875 (place return) + £46.875 (win profit) + £12.50 (stake) = £83.59375.
5. Bet £50 (£25 each for win and place):
   • Place Bet: Profit = (1/4 * 15/8) * £25 = £23.4375. Total return = £23.4375 + £25 = £48.4375.
   • Win Bet: If win, total return = £48.4375 (place return) + £93.75 (win profit) + £25 (stake) = £167.1875.
6. Bet £100 (£50 each for win and place):
   • Place Bet: Profit = (1/4 * 15/8) * £50 = £46.875. Total return = £46.875 + £50 = £96.875.
   • Win Bet: If win, total return = £96.875 (place return) + £187.50 (win profit) + £50 (stake) = £334.375.

What is 15/8 odds as a decimal?

15/8 odds in decimal format are 2.875. This means that for every £1 you bet, the total return (including your stake) would be £2.875 if your bet is successful.