Odds of 8 to 13 represent the probability or likelihood of a certain outcome occurring. These odds are frequently encountered in UK football betting and horse racing, and offer slightly better chances than 4-6 odds in the betting market.
What does 8/13 Odds mean?
- Meaning: For every £13 you bet, you win £8 if your bet is successful. You also get your original £13 back.
- Probability: These odds suggest that the event is more likely to happen than not.
What does 8/1 13 odds payout?
The profit is calculated by multiplying the bet amount by 8/13.
- £1 bet: Profit = £1 * (8/13) ≈ £0.62. Total return = £1 + £0.62 = £1.62.
- £5 bet: Profit = £5 * (8/13) ≈ £3.08. Total return = £5 + £3.08 = £8.08.
- £10 bet: Profit = £10 * (8/13) ≈ £6.15. Total return = £10 + £6.15 = £16.15.
- £25 bet: Profit = £25 * (8/13) ≈ £15.38. Total return = £25 + £15.38 = £40.38.
- £50 bet: Profit = £50 * (8/13) ≈ £30.77. Total return = £50 + £30.77 = £80.77.
- £100 bet: Profit = £100 * (8/13) ≈ £61.54. Total return = £100 + £61.54 = £161.54.
What does 8/13 Each Way mean?
An each way bet at 8/13 consists of two parts: a ‘win’ bet and a ‘place’ bet.
Win Part
- As with a straight win bet, you get 8 times your stake for every 13 units bet if your selection wins.
Place Part
- This pays out if your selection places (usually top 2-4 positions). The place odds are typically a fraction of the win odds.
- For example, at 1/4 place terms, the place odds become 8/52 (8/13 divided by 4).
Examples of Each Way Betting at 8/13
- £1 each way (£2 total stake):
- Win part: Profit = £0.62. Total return = £1.62.
- Place part (8/52): Profit ≈ £0.15. Total return ≈ £1.15.
- £5 each way (£10 total stake):
- Win part: Profit = £3.08. Total return = £8.08.
- Place part (8/52): Profit ≈ £0.77. Total return ≈ £5.77.
- £10 each way (£20 total stake):
- Win part: Profit = £6.15. Total return = £16.15.
- Place part (8/52): Profit ≈ £1.54. Total return ≈ £11.54.
- £25 each way (£50 total stake):
- Win part: Profit = £15.38. Total return = £40.38.
- Place part (8/52): Profit ≈ £3.85. Total return ≈ £28.85.
- £50 each way (£100 total stake):
- Win part: Profit = £30.77. Total return = £80.77.
- Place part (8/52): Profit ≈ £7.69. Total return ≈ £57.69.
- £100 each way (£200 total stake):
- Win part: Profit = £61.54. Total return = £161.54.
- Place part (8/52): Profit ≈ £15.38. Total return ≈ £115.38.
In each way betting, if your selection only places and does not win, you only receive the return from the place part. If it doesn’t place, you lose both parts of the bet.
