16 to 1

What does 16/1 odds mean?

16/1 odds mean that for every £1 you bet, you win £16 if your selection is successful. These are considered longer odds, indicating that the event is less likely to happen. In betting terms, a bet at 16/1 is seen as a bit of a long shot, but with the potential for a significant payout.

For example, if you place a £1 bet at 16/1 odds and your selection wins, you’ll receive £16 in winnings, plus your original £1 stake back, making a total return of £17.

The high reward reflects the lower probability of the event occurring as implied by these odds.

What does 16/1 odds payout?

16/1 odds offer a high payout, reflecting a lower probability of the event happening. At these odds, for every £1 bet, the profit will be £16 if the bet is successful.

Here are examples of payouts at 16/1 odds for different bet amounts:

1. Bet £1: Profit = 16 * £1 = £16. Total return (profit + stake) = £16 + £1 = £17.
2. Bet £5: Profit = 16 * £5 = £80. Total return = £80 + £5 = £85.
3. Bet £10: Profit = 16 * £10 = £160. Total return = £160 + £10 = £170.
4. Bet £25: Profit = 16 * £25 = £400. Total return = £400 + £25 = £425.
5. Bet £50: Profit = 16 * £50 = £800. Total return = £800 + £50 = £850.
6. Bet £100: Profit = 16 * £100 = £1600. Total return = £1600 + £100 = £1700.

What does 16/1 each way mean?

16/1 each way betting involves making two separate bets of equal stakes: one for the selection to win at the full odds (16/1), and another for the selection to place at reduced odds.

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

The exact fraction of the win odds paid for a place bet is determined by the bookmaker, but common fractions are 1/4 or 1/5 of the win odds.

Examples with 16/1 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 * 16/1) * £0.50 = £2. Total return = £2 (profit) + £0.50 (stake) = £2.50.
   • Win Bet: If the win bet also wins, total return = £2.50 (place return) + £8 (win profit) + £0.50 (stake) = £11.
2. Bet £5 (£2.50 each for win and place):
   • Place Bet: Profit = (1/4 * 16) * £2.50 = £10. Total return = £10 + £2.50 = £12.50.
   • Win Bet: If win, total return = £12.50 (place return) + £40 (win profit) + £2.50 (stake) = £55.
3. Bet £10 (£5 each for win and place):
   • Place Bet: Profit = (1/4 * 16) * £5 = £20. Total return = £20 + £5 = £25.
   • Win Bet: If win, total return = £25 (place return) + £80 (win profit) + £5 (stake) = £110.
4. Bet £25 (£12.50 each for win and place):
   • Place Bet: Profit = (1/4 * 16) * £12.50 = £50. Total return = £50 + £12.50 = £62.50.
   • Win Bet: If win, total return = £62.50 (place return) + £200 (win profit) + £12.50 (stake) = £275.
5. Bet £50 (£25 each for win and place):
   • Place Bet: Profit = (1/4 * 16) * £25 = £100. Total return = £100 + £25 = £125.
   • Win Bet: If win, total return = £125 (place return) + £400 (win profit) + £25 (stake) = £550.
6. Bet £100 (£50 each for win and place):
   • Place Bet: Profit = (1/4 * 16) * £50 = £200. Total return = £200 + £50 = £250.
   • Win Bet: If win, total return = £250 (place return) + £800 (win profit) + £50 (stake) = £1100.

What is 16/1 as a decimal?

16/1 odds in decimal format are 17.00.

This means that for every £1 you bet, the total return (including your stake) would be £17 if your bet is successful.