What does 16/5 odds mean?
16/5 odds mean that for every £5 you bet, you win £16 if your selection is successful. This is a form of fractional odds where the number on the left (16) represents the profit you would gain for every amount of the number on the right (5) that you wager.
These odds suggest a moderate probability of the event occurring, offering a substantial return on the bet but not as high as long-shot odds.
In practical terms, if you bet £5 at 16/5 odds and win, your profit would be £16, and you’d also get your £5 stake back, resulting in a total return of £21.
This type of odds is more common in outcomes that are not heavily favored but still have a reasonable chance of occurring.
What do 16/5 odds payout?
16/5 odds offer a significant payout, as the probability of the event occurring is perceived as moderate but not extremely likely. The payout calculation at these odds involves multiplying the stake by 16/5.
Here’s how the payout works for different bet amounts at 16/5 odds:
- Bet £1: Profit = (16/5) * £1 = £3.20. Total return (profit + stake) = £3.20 + £1 = £4.20.
- Bet £5: Profit = (16/5) * £5 = £16. Total return = £16 + £5 = £21.
- Bet £10: Profit = (16/5) * £10 = £32. Total return = £32 + £10 = £42.
- Bet £25: Profit = (16/5) * £25 = £80. Total return = £80 + £25 = £105.
- Bet £50: Profit = (16/5) * £50 = £160. Total return = £160 + £50 = £210.
- Bet £100: Profit = (16/5) * £100 = £320. Total return = £320 + £100 = £420.
What does 16/5 each way mean?
16/5 each way betting means placing two bets: one for the selection to win at 16/5 odds, 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. The exact fraction used for the place bet varies, but a common fraction is 1/4 or 1/5 of the win odds.
Examples with 16/5 Place Terms at 1/4 the Win Odds
- Bet £1 (£0.50 each for win and place):
- Place Bet: Profit = (1/4 * 16/5) * £0.50 = £0.80. Total return = £0.80 (profit) + £0.50 (stake) = £1.30.
- Win Bet: If the win bet also wins, add £3.20 (win part) + £0.50 stake = £3.70, for a total return of £5 (£1.30 place return + £3.70 win return).
- Bet £5 (£2.50 each for win and place):
- Place Bet: Profit = (1/4 * 16/5) * £2.50 = £4. Total return = £4 + £2.50 = £6.50.
- Win Bet: If win, add £16 (win part) + £2.50 = £18.50, for a total return of £25.
- Bet £10 (£5 each for win and place):
- Place Bet: Profit = (1/4 * 16/5) * £5 = £8. Total return = £8 + £5 = £13.
- Win Bet: If win, add £32 (win part) + £5 = £37, for a total return of £50.
- Bet £25 (£12.50 each for win and place):
- Place Bet: Profit = (1/4 * 16/5) * £12.50 = £20. Total return = £20 + £12.50 = £32.50.
- Win Bet: If win, add £80 (win part) + £12.50 = £92.50, for a total return of £125.
- Bet £50 (£25 each for win and place):
- Place Bet: Profit = (1/4 * 16/5) * £25 = £40. Total return = £40 + £25 = £65.
- Win Bet: If win, add £160 (win part) + £25 = £185, for a total return of £250.
- Bet £100 (£50 each for win and place):
- Place Bet: Profit = (1/4 * 16/5) * £50 = £80. Total return = £80 + £50 = £130.
- Win Bet: If win, add £320 (win part) + £50 = £370, for a total return of £500.
What is 16/5 odds as a decimal?
16/5 odds in decimal format are 4.2. This means that for every £1 you bet, the total return (including your stake) would be £4.20 if your bet is successful.
