As such, a race with 1/1 odds would signify that for every failure, there would be one success, giving you a 50% probability. A 2/1 fraction suggests that for every 2 failures, there’s one chance of success, giving you a 33% probability; 3/2 means a 40% chance, 2/3 works out to. The decimal odds are displayed up to 2 decimal places, but the return will be paid out by calculating at the actual odds, to the nearest £/€ 0.01. For example, if your bet is placed at odds of 4.3333333 (this is 10/3 in fractional), a £/€ 10 bet would return £/€ 43.33 if it wins, but your odds would show as 4.33.

• What Are 10 To 1 Odds
• 10/1 Odds Explained

Betting odds explained

Betting odds can appear daunting at first glance but they are actually quite straightforward to calculate. We’ve devised a beginners guide to explain betting odds.

How do odds work?

When looking at the odds (price) of a horse, the two formats used are decimals and fractions. Betting exchanges operate in decimals, whereas fixed-odds betting firms generally operate in fractions.

When determining the returns of a fractional bet, the second number always suggests the stake and the first number denotes what the profit will be if the bet wins. Take 4/1 as an example. If you stake £1 on a horse, then you stand to win £4 if the selection wins the race, which excludes your initial stake. In contrast, the decimal format factors in the initial stake. Betting odds of 4/1 would equate to 5.0 in decimal terms, 5/1 would be 6.0, and so forth.

What Are 10 To 1 Odds

See the chart below for a breakdown of betting odds in both fractional and decimal format, showing forecasted returns to £5 level stakes for the key prices in a market.

Knowing your odds

10/1 Odds Explained

If you want to work out your winnings from a multiple bet such as an accumulator or lucky 15, you can use our betting calculator to find out instantly what you’ve won.