60 1 Odds Payout
- 60 To 1 Odds Payout
- 60 To 1 Odds Payout Calculator
- 60-1 Odds Payout
- What Is The Payout On 50 To 1 Odds
- 60-1 Odds Payout
These bets will usually have the biggest payout odds in craps, but the chances of landing them are slim. For instance, landing a 'snake eyes' (two 1's) offers payout odds of 30:1 but the chance of landing it is 1 in 36, with a 13.9% house edge. How to use the calculator. To work out the return on any bet, simply enter the Odds and the Stake. For example, if you were betting £100 on a 9-4 chance, enter: Odds = 9 (to) 4, Stake = 100, then click 'Calculate'. The Instant Bet Calculator will then show the return on a: Win only bet. Winning each way bet (1/4 odds).
60 To 1 Odds Payout
Fractional odds have been used in bookmaking primarily in the
United Kingdom. They have been more or less replaced by decimal
odds in recent years, but a lot of bookmakers and bettors still
prefer this format. Although this odds format is often
considered more complicated than the decimal or moneyline
format, the calculations required for working out potential
profits and payouts is actually reasonably straightforward.
We provide the necessary calculations on this page, along
with some examples to highlight how it works in practice. We
also include a chart listing some of the more commonly-used
fractional odds, with the associated profits and payouts.
Calculation Required
The calculation you need to know to work out the potential
profit of a wager using fractional odds is as follows:
For the total potential payout, you just add your initial
stake to the potential profit.
Using this Calculation
The two examples below show how this calculation works.
Fractional Odds Payout Chart
The following chart shows some of the most frequently used
fractional odds, along with their respective profits and total
payouts based on a $10 stake.
| Odds | Potential Profit | Potential Payout | Odds | Potential Profit | Potential Payout |
|---|---|---|---|---|---|
| 1/1 (Evens) | $10.00 | $20.00 | 10/11 | $9.09 | $19.09 |
| 11/10 | $11.00 | $21.00 | 4/5 | $8.00 | $18.00 |
| 5/4 | $12.50 | $22.50 | 8/11 | $7.27 | $16.27 |
| 6/4 | $15.00 | $25.00 | 4/6 | $6.67 | $16.67 |
| 7/4 | $17.50 | $27.50 | 5/8 | $6.25 | $16.25 |
| 2/1 | $20.00 | $30.00 | 4/7 | $5.71 | $15.71 |
| 5/2 | $25.00 | $35.00 | 1/2 | $5.00 | $15.00 |
| 11/4 | $27/50 | $37/50 | 4/9 | $4.44 | $14.44 |
| 7/2 | $35.00 | $45.00 | 2/5 | $4.00 | $14.00 |
| 10/1 | $100.00 | $110.00 | 1/3 | $3.33 | $13.33 |
Win, Place, Show – How To Bet On Horses
WIN (W) bets require that a horse finishes in 1st place.
PLACE (P) bets require that a horse finishes in 1st or 2nd place.
SHOW (S) bets require that a horse finishes in 1st, 2nd, or 3rd place.
I’m going to use the diagram (of the finish of a race) below to answer some common questions on the Win, Place, Show bets. The Tote-Board Win odds are above each horse in parenthesis.
How do you calculate the expected payout for a Win Bet?
- Win payouts are based on a $2 wager. Multiply the Tote-Board odds times $2 and then add the $2 wager back.
For example, #8 is (7-1), so 7 x $2 = $14, Add $2 = $16 payout.
- To calculate prices for odds other than X-1, simply convert the (fractional) odds to a decimal equivalent and do the same calculation.
For example, odds of (8-5) equals 1.6 x $2 = $3.20, Add $2 = $5.20 payout.
- I always do this mental conversion to decimal equivalents for clarity in my own mind. In fact when I jot down the Tote-Board odds on my sheet they are always in decimal format. For Example:
| Tote-Board | Decimal | Payout |
|---|---|---|
| (9-2) | 4.5 | $11.00 |
| (7-2) | 3.5 | $9.00 |
| (5-2) | 2.5 | $7.00 |
| (9-5) | 1.8 | $5.60 |
| (7-5) | 1.4 | $4.80 |
| (4-5) | 0.8 | $3.60 |
What does it mean to bet a horse “Across the Board?”
This is just a shorthand way for making a Win, Place, and Show bet in equal amounts. For example, if you bet #8 for $2 Across the Board in the above race, your bets would be $2 to Win, $2 to Place, and $2 to Show for a total of $6 wagered.
In this example, a $2 WPS wager on #8 returned $28 ($16w + $7p + $5s).
60 To 1 Odds Payout Calculator
To continue with the example, the same $2 WPS bet on #6 would have cost $6, but only returned $3 since the Show ticket is the only one cashed.
What happens if I bet a horse to Place and he wins the race?
You get the Place price only. So $2 to Place on #8 returns $7.
Can you calculate the expected Place price based upon the Win odds?
60-1 Odds Payout
Win, Place, and Show wagers are all placed into separate Pools. So the anticipated Place price cannot be directly calculated based on the Win odds. In addition to that, the Place price is dependent on exactly who the 1st and 2nd place finishers are in the race. For further explanation on this point, keep reading.
Let’s change the order of finish slightly by switching the top two horses #8 and #2.
What Is The Payout On 50 To 1 Odds
The former payouts are shown on the left for comparison, and the new payouts are shown on the right.
Since #2 is now the winner, his payout line is switched to the top of the chart. He pays $12 for a win ticket because his odds are 5-1. Formula (5 x $2) + $2.
60-1 Odds Payout
Notice that the #8 place price stayed exactly the same ($7), as did the #2 place price ($6). That is because the same two horses finished in the top two positions, just in reverse order.
Now let’s change the order of finish again by pushing the #8 horse back to 3rd place and moving the #6 horse up to 2nd place.
Since #2 remains the winner, his Win price ($12) does not change. However, notice that his place price decreased from $6 to $5. Why? Because more total money was bet on #6 (the new 2nd place horse) to place than on #8 (the former 2nd place horse). This is reasonable, considering that the Win odds on #6 are 3-1, while the Win odds on #8 are 7-1.
Generally the amount of money bet on a horse is proportionate between the Win, Place, and Show pools. The simple reason why the payout is less for Place and Show wagers (compared to Win) is that the payout pool is being divided by two horses for Place and three horses for Show.
You can conclude from this information that your best return from a Place or Show wager generally happens when the favorite(s) does not finish “In The Money” (The Top Three Spots). Unless of course you bet on the favorite, which is another story!
There are a lot of opinions on whether or not it’s even wise to make Place and Show bets, as opposed to just Win bets, but we’ll save that topic for a future article.
Select “Get Started” from the menu above for a complete list of articles about Handicapping and Wagering. For example, Racing 101 has several articles about the basics of Horse Racing. And Meet The People has interviews with trainers (e.g. Christophe Clement), Jockeys (e.g. Gary Stevens), and on-track personnel (e.g. Maggie Wolfendale).
By Neal Benoit