33 to 1

What does 33/1 odds mean?

33/1 odds mean that for every £1 you bet, you win £33 if your selection is successful. This type of odds is used in betting to indicate a relatively low probability of the event happening.

In other words, if you place a bet at 33/1 odds and your selection wins, you would receive £33 in winnings for every £1 staked, plus your original £1 stake back, resulting in a total return of £34.

What do 33/1 odds payout?

33/1 odds payout means that for every £1 bet, you receive £33 in winnings if your selection is successful. Here are the payouts at 33/1 odds for different bet amounts:

1. Bet £1: Profit = 33 * £1 = £33. Total return (profit + stake) = £33 + £1 = £34.
2. Bet £5: Profit = 33 * £5 = £165. Total return = £165 + £5 = £170.
3. Bet £10: Profit = 33 * £10 = £330. Total return = £330 + £10 = £340.
4. Bet £25: Profit = 33 * £25 = £825. Total return = £825 + £25 = £850.
5. Bet £50: Profit = 33 * £50 = £1650. Total return = £1650 + £50 = £1700.
6. Bet £100: Profit = 33 * £100 = £3300. Total return = £3300 + £100 = £3400.

These examples demonstrate the total returns for each bet, which include both the original stake and the winnings.

The payouts increase proportionally with the bet amount, reflecting the fixed odds ratio of 33/1.

What does 33/1 each way odds mean?

In each way betting, a 33/1 each way bet involves placing two separate bets of equal stake: one for your selection to win at the full odds (33/1) and another for your 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 of the win odds paid for a place bet is usually 1/4 or 1/5, depending on the bookmaker and the event.

Examples with 33/1 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 * 33/1) * £0.50 = £4.125. Total return = £4.125 (profit) + £0.50 (stake) = £4.625.
   • Win Bet: If the win bet also wins, total return = £4.625 (place return) + £33 (win profit) + £0.50 (stake) = £37.625.
2. Bet £5 (£2.50 each for win and place):
   • Place Bet: Profit = (1/4 * 33) * £2.50 = £8.125. Total return = £8.125 + £2.50 = £10.625.
   • Win Bet: If win, total return = £10.625 (place return) + £165 (win profit) + £2.50 (stake) = £177.625.
3. Bet £10 (£5 each for win and place):
   • Place Bet: Profit = (1/4 * 33) * £5 = £16.25. Total return = £16.25 + £5 = £21.25.
   • Win Bet: If win, total return = £21.25 (place return) + £330 (win profit) + £5 (stake) = £356.25.
4. Bet £25 (£12.50 each for win and place):
   • Place Bet: Profit = (1/4 * 33) * £12.50 = £40.625. Total return = £40.625 + £12.50 = £53.125.
   • Win Bet: If win, total return = £53.125 (place return) + £825 (win profit) + £12.50 (stake) = £890.625.
5. Bet £50 (£25 each for win and place):
   • Place Bet: Profit = (1/4 * 33) * £25 = £81.25. Total return = £81.25 + £25 = £106.25.
   • Win Bet: If win, total return = £106.25 (place return) + £1650 (win profit) + £25 (stake) = £1781.25.
6. Bet £100 (£50 each for win and place):
   • Place Bet: Profit = (1/4 * 33) * £50 = £162.50. Total return = £162.50 + £50 = £212.50.
   • Win Bet: If win, total return = £212.50 (place return) + £3300 (win profit) + £50 (stake) = £3382.50.

What is 33/1 as a decimal?

33/1 odds in decimal format are 34.00. This means that for every £1 you bet, the total return would be £34 if your bet is successful.