Odds like 4/7 are considered very short. Known as ‘Odds On’, they will always return less than you bet.

While you may not make a lot of money from a winning bet, they do indicate a clear favourite, so there is slightly less risk.

Really short odds are more common than you think.

It seems that the more markets that become available the less value there is on betting on them.

That said, while very few people could ever win big with small bets on low odds, they do offer a greater chance of actually winning – statistically.

So here’s the very quick answer:

QUICK GUIDE TO 4/7 WIN BET RETURNS

£1 @ 4/7 = 57p
£2 @ 4/7 = £1.14
£5 @ 4/7 = £2.86
£10 @ 4/7 = £5.71
£25 @ 4/7 = £14.29
£50 @ 4/7 = £28.57
£100 @ 4/7 = £57.14
Amounts above DO NOT include returned stakes.

Why Do Bookies Make Odds So Low?

When a bookmaker puts out really low odds like 4/7 they are basically saying that the player/horse/team is roughly three times more likely to win than their opposition.

That’s a staggeringly big difference and the bookie needs to try and keep their loses to a minimum.

Of course, that doesn’t mean that a win is guaranteed but statistically, they have a better chance.

And the bookmaker doesn’t want to lose too much money.

How To Improve Your Chances Of A Win

The sport you choose will also be important. In a tennis match, as there are only two players, there are fewer outcomes. Basically, a player either wins or loses.

So the chances of your player winning are pretty decent. You may think they are 50/50 but that’s not the case.

The world number one will always stand a better chance of beating a player much further down the rankings.

But in a golf tournament, it’s a different prospect entirely.

How many times has the favourite had a bad round? Or bottled it in a playoff?

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There are far too many outcomes in a major tournament with over a hundred players.

So in this case odds of 4/7 should be approached with some degree of caution.

Odds of 4/7 offer very little in terms of payouts. But a win is still a win. Just don’t get carried away as favourites don’t always win.

So now you a little bit more, let’s get to the maths!

How To Work Out Your Odds

The first number (4) is the amount you’ll win from wagering the second number (7). So for every £7 that you bet, you will get back £4 if your bet wins.

You basically get a little more than half of what you bet, plus your stake back.

For instance, a £40 winning bet at 4/7 will payout £22.86 (plus your £40 stake is returned). If you increase the stake to £50 you’ll get £28.57 back (plus £50 stake).

The maths formula for a win only bet is:

(amount staked x 4) / 7 = win returns + stake back = total amount of returns.

For example: (£30 x 4) = £120 divided by 7 = £17.14 win + £30 stake back = £47.14 returned in total.

Each Way Bets

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 an each-way bet at odds of less than 6/1 are not recommended is related to the potential value of the bet.

When you place an each-way bet, the place part of the bet typically pays out at a fraction of the win odds, often 1/4 or 1/5 of the win odds.

So even if you get 2nd or 3rd place, you cannot get back what the whole bet cost you.

For example, if you placed £10 each-way (£20 in total) on odds of 4/7 you would get back £11.43 in TOTAL if you won the place part of the bet.

You would lose the win part of your stake, leaving you with the each-way winnings of just £1.43 plus that part of the stake back. That is a loss of -£8.57 on your original total stake.

Is There A Good Short Odds Bet?

There are always going to be instances when odds, even those as short as 4/7 will be worth it.

When you’re building an accumulator that involves multiple selections, adding a selection with odds of 4/7 can help boost your overall potential payout.

Even though the individual odds are relatively short, when combined with other selections, they can contribute to a more substantial potential return.

You might also include a selection with odds of 4/7 as a “banker” in your multiple bet.

A banker is a selection you have high confidence in, and you use it to increase the overall odds of the bet while reducing risk.

In some cases, odds of 4/7 on one side of a betting event may be significantly better than the odds offered by other bookmakers.

If you spot such an opportunity, you could back the 4/7 odds as part of an arbitrage strategy to ensure a profit regardless of the outcome.

If you’re looking for a low-risk betting strategy and are more concerned about preserving your initial stake than making a large profit, odds of 4/7 can be suitable.

These odds indicate a higher probability of winning, and while the potential profit may be modest, it’s a safer bet compared to longer odds.

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