If a bet has caught your eye at 10/1 you must know how much you could win! The good news is that working out your bet at 10/1 is a relatively simple process and the maths remain the same no matter what currency you are using.
The first number (10) is the amount you’ll win from wagering the second number (1). So for every £1 or $1 or €1 you spend, you will win 10 back.
For instance, a £1 winning bet at 10/1 will payout £10 (plus your £1 stake is returned). If you increase the stake to £2 you'll get £20 back (plus £2 stake). And so on it goes, essentially multiplying the first number by the amount you wager.
10/1 is a solid return on a bet and depending on your stake if it comes in, you're laughing. The sport you bet on is also very important. If you bet on American Football and back the New England Patriots at 10/1 to win the Super Bowl then you're getting a decent bet because they have such a good chance of winning it again.
If however, you back a horse in a really large field of runners, the chances of you winning are a lot less so 10/1 isn't so great. Again, it completely depends on the sport and who you are backing.
Payout odds do vary so we will assume for the purposes of this piece that it's a quarter odds. If a ‘Place' or ‘Each-way' option is available on your bet that means you could still get a return even if your horse/team/player doesn't win but instead finishes in either 2nd, 3rd or even 4th place. So a £1 bet will now become £2. That is becuase you are putting £1 on the Win and another £1 on the Place.
If your team/player/horse wins you'll get your £10 (Win bet) + £1 (Stake) + £2.50 (Place bet at 1/4 odds) + £1 (Stake) so you will end up with £14.50 in your pocket. If they do not win, you will only get back £2.50 (Place bet at 1/4 odds) + £1 (Stake) = £3.50.
So there you have it, 10/1 explained in simple terms. I’ve added a payout guide below for some common bets placed at 10/1. However, you can also use our online bet calculator to work out other odds and stake combinations.
10/1 WIN BETS
£1 @ 10/1 = £10
£2 @ 10/1 = £20
£5 @ 10/1 = £50
£10 @ 10/1 = £100
£25 @ 10/1 = £250
£50 @ 10/1 = £500
£100 @ 10/1 = £1,000
10/1 EACH WAY BETS (2nd, 3rd or 4th Place)
£1 @ 10/1 = £2.50
£2 @ 10/1 = £5
£5 @ 10/1 = £12.50
£10 @ 10/1 = £25
£25 @ 10/1 = £62.50
£50 @ 10/1 = £125
£100 @ 10/1 = £250
Amounts above do not include returned stakes and assumes the bet is settle each-way at a quarter odds.
If your each way bet wins you can add together the win bet column and place bet column to get the correct amount. For example, a £20 win at 10/1 pays £200 + £20 place at 10/1 pays out £50 giving you a total of £250 plus your £40 stake is returned.
If you’re interested in placing bets online with a reputable bookmaker then William Hill has a great bonus bet deal for new customers.