You’ve seen the odds are 50/1, but you aren’t sure how much your win if you place the bet, well worry not, as all will be explained!
When working out odds, the simplest way to understand the calculation is that you’re risking the second number (1) to win the first number (50). So if you put £1, €1 or $1 on a 50/1 and the bet wins you will get back £50, €50 or $50. The maths are the same in each currency!
EXAMPLE 50/1 BET (WIN)
Odds of 50/1 are considered ‘long odds’ and signify a risky bet. You get big odds from the bookmakers when something is unlikely to happen. If you’re a tennis fan and one of the players is 50/1 to win a match, this is a BAD sign. In a two-player sport such as tennis, you would expect the odds to be a lot closer. So if the bookies are offering you 50/1 odds on a player to win, the likelihood is neither you nor that tennis player has much of a chance of winning.
£1 bet @ 50/1 odds will payout £50 (+ £1 Stake)
However, such rules don’t apply to all sports. Take golf for example. If a player is 50/1 but they’ve been in good form, then it could be a smart bet. Below I’ve listed the returns for popular punts on 50/1.
50/1 WIN BETS
£1 @ 50/1 = £50
£2 @ 50/1 = £100
£5 @ 50/1 = £250
£10 @ 50/1 = £500
£25 @ 50/1 = £1250
£50 @ 50/1 = £2500
£100 @ 50/1 = £5000
BET £20 AND GET IT BACK AS CASH IF IT LOSES
EXAMPLE 50/1 BET (EACH WAY)
Nearly all bookmakers give you the option of a ‘Place’ or ‘Each-way’ depending on the sport. Again, the odds on which they will payout will vary between each bookmaker. For the purpose of explaining here, we will say it’s a quarter odds.
When backing the ‘Place’ or ‘Each-way’ option this means that you could still win money even when your horse/team/player doesn’t win but does finish 2nd, 3rd or 4th. However, when considering E/W (Each Way) bets it’s important to understand that your stake will be doubled automatically, as you’re betting on both a win and a place. So for a £1 bet you’ll need to hand over £2 to the bookie.
BET £10 GET £20 IN FREE BETS
If your 50/1 bet comes in 1st place you’ll get £50 (Win Bet) + £1 (Stake) + £12.50 (Place at 1/4 odds) + £1 (Stake).
This means from a £2 ‘Place’ or ‘Each Way’ bet you’ll end up with £64.50! If your bet doesn’t come first but does Place you’ll get £12.50 (1/4 odds) and £1 (Stake) meaning £13.50 back in total.
Effectively that’s all there is to know about calculating a 50/1 bet. However, if you need more help with working out other odds then use our online bet calculator! Below are examples of some bets placed at 50/1.
50/1 EACH WAY BETS (2nd, 3rd or 4th Place)
£1 @ 50/1 = £12.50
£2 @ 50/1 = £25
£5 @ 50/1 = £62.50
£10 @ 50/1 = £125
£25 @ 50/1 = £312.50
£50 @ 50/1 = £625
£100 @ 50/1 = £1250
Amounts above do not include returned stakes and assume the bet is settled each way at a quarter odds.
You can use both sets of examples above to work out your returns. For example, you put £5 on to win at 50/1 which pays out £250 plus £5 on to place at 50/1 which pays out £62.50 your overall profit £312.50. You will also get your stake back which overall is £10 so your total returns would be £322.50.
If you’re interested in placing bets online with a reputable bookmaker then Betfred has a great bonus for new customers.