If you are considering making a bet at odds of 40/1 you may also be wondering how much you could win?
The good news is that working out your bet at 40/1 is a relatively simple process and the maths is the same whatever currency you use. The first number (40) 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 40 back.
EXAMPLE 40/1 BET (WIN)
For instance, a £1 winning bet at 40/1 will payout £40 (plus your £1 stake is returned). If you increase the stake to £2 you’ll get £80 back (plus £2 stake). And so on, essentially multiplying the first number by the amount you wager.
GET £60 IN BONUSES WHEN YOU STAKE £10
£1 bet @ 40/1 odds will payout £40 (+ £1 Stake)
40/1 is an exceptional return on a bet. A horse with odds of 40/1 would be classed as an ‘Outsider’ or ‘Longshot’ and deemed by most punters to be a risky bet. Where it gets interesting is races with much bigger fields such as The Grand National or many of the Cheltenham races that frequently have more than 20 runners. Online bookmakers such as Paddy Power and Betfred will often offer enhanced places or special odds for big race days, so it’s worth checking out their current deals before you bet with another bookie.
In larger fields of runners, it’s not uncommon to see horses priced up at 40/1 and plenty of these horses have won at those odds or bigger.
EXAMPLE 40/1 BET (EACH WAY)
We’ve already established that a 40/1 shot is a tough bet to win but the chances of getting some money back increase when you place the bet each way. While it’s not as easy to work out the winnings, it’s not impossible either so here goes.
When you back a horse ‘Each Way’ it can finish 1st and win or finish in 2nd, 3rd and in some races even 4th spot and this is called ‘Placing’. When you make an each-way bet you are putting half your money on the horse to win and the other half on a place. Each part of the each-way bet is an equal stake, e.g. a £1 Each Way bet will have £1 on the ‘Win’ and £1 on the ‘Place’ giving a total stake of £2.
GET £30 IN FREE BETS WHEN YOU PLACE A £10 BET ON SPORTSBOOK
Payout odds do vary so we will assume for the purposes of this piece that it’s a quarter odds. If the horse is ‘Placed’ which means it finishes in 2nd, 3rd or 4th you’ll get a quarter of the quoted odds – in this case, the quoted odds are 40/1 so you will be paid out at 10/1. A £1 each way bet (total cost £2) will win you £10 + £1 stake returned. However, you will lose the £1 part of the stake that was on the win.
If your horse finishes first you’ll win £40 (Win bet) + £1 (Stake) + £10 (Place bet at 1/4 odds) + £1 (Stake) so you will end up with £52 in your pocket.
So there you have it, 40/1 explained in simple terms, I’ve added a payout guide below for some common bets placed at 40/1. However, you can also use our online bet calculator to work out other odds and stake combinations.
40/1 WIN BETS
£1 @ 40/1 = £40
£2 @ 40/1 = £80
£5 @ 40/1 = £200
£10 @ 40/1 = £400
£25 @ 40/1 = £1,000
£50 @ 40/1 = £2,000
£100 @ 40/1 = £4,000
40/1 EACH WAY BETS (2nd, 3rd or 4th Place)
£1 @ 40/1 = £10
£2 @ 40/1 = £20
£5 @ 40/1 = £50
£10 @ 40/1 = £100
£25 @ 40/1 = £250
£50 @ 40/1 = £500
£100 @ 40/1 = £1000
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 the race you can add together the win bet column and place bet column to get the correct amount. For example, a £10 win at 40/1 pays £400 + £10 place at 40/1 pays out £100 giving you a total of £500 plus your £20 stake is returned.
If you’re interested in placing bets online with a reputable bookmaker then Paddy Power has a great bonus bet deal for new customers.
BET £20 AND GET IT BACK AS CASH IF IT LOSES