Have you booked a last-minute flight and nearly choked from the extortionate price being charged? Odds work in a similar way. The closer you get to the event you want to bet on, the greater the likelihood that the odds will offer very little value.

The reasons are simple. More people have placed bets, and to make sure that the bookies can still make a profit, the odds reduce. There is also more time for bookmakers to accumulate knowledge that can potentially reduce the odds.

QUICK GUIDE TO 3/10 WIN BET RETURNS

£1 @ 3/10 = 30p
£2 @ 3/10 = 60p
£5 @ 3/10 = £1.50
£10 @ 3/10 = £3.00
£25 @ 3/10 = £7.50
£50 @ 3/10 = £15.00
£100 @ 3/10 = £30.00
The amounts above do not include returned stakes.

For example, if a football team’s star striker is thought to be injured, the odds on them winning will likely lengthen. Now, imagine he’s on the team sheet and fit to play. Odds plummet. That piece of key information changes the game, which will impact the odds. That’s why you come across weird odds like 2/9 or 10/11.

Maybe you’ve even received a last-minute tip on a horse only to find out that everybody under the sun has backed it. Generally, this is when the odds become very, very low, which is where the likes of 3/10 ON come into play.

Short Odds

Odds this short means that you will get back less than you staked if you place a winning bet. In the easiest terms to understand, you will receive £3 for every £10 that you stake on a successful bet. So no matter how much you decide to spend, the most you can ever expect back is just under one-third of what you bet. Although, it’s important to remember that a winning bet also means your stake will be returned too.

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Are there any advantages to betting with these kinds of low odds? Often during in-play matches or races, a clear favourite emerges, and barring some kind of huge mishap, the winner is more or less guaranteed.

Example Odds

So now you know a little bit more, let’s get to the maths! This is actually a very simple formula.

The first number (3) is the amount you’ll win from wagering the second number (10). So for every £10 that you bet, you will get back £3 if your bet wins. You basically get back a lot less than you bet, plus your stake back.

For instance, a £30 winning bet at 3/10 will payout £9 (plus your £30 stake is returned). If you increase the stake to £50 you’ll get £15 back (plus £50 stake). The maths formula for a win-only bet is:

(amount staked x 3) / 10 = win returns + stake back = total amount of returns.

For example: (£40 x 3) = £120 divided by 10 = £12 win + £40 stake back = £52 returned in total.

There is an option to bet each-way on most markets. However, it is generally advised not to do this unless the odds are over 6/1. The reason is that you will actually lose money on your bet, even if your selection places.

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Most bookmakers payout 1/4 odds on each-way places. And when you are already betting on such short odds, it is almost impossible to get any money back on an each-way bet. For example, if you placed £10 each-way (£20) on odds of 3/10 you would get back £10.75 in TOTAL.

You would lose the win part of your stake, leaving you with the each-way winnings of just 75p plus that part of the stake back.

So there you have it, 3/10 explained in simple terms. There’s a payout guide below for some common bets placed at those odds. However, you can also use our online bet calculator to work out other odds and stake combinations.

3/10 WIN BETS

£1 @ 3/10 = 30p
£2 @ 3/10 = 60p
£5 @ 3/10 = £1.50
£10 @ 3/10 = £3.00
£25 @ 3/10 = £7.50
£50 @ 3/10 = £15.00
£100 @ 3/10 = £30.00

The amounts quoted above are based on Win bets only. The returns do not include the original amount staked. If you place an each-way bet and it wins, you get back the win and the place winnings, plus your original stake.

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BETTING GUIDES

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