The odds of 10/11 are interesting. They’re slightly shorter than ‘Evens’ but not so low that they offer no value. But how do work out a bet at those odds?
You’ll often see 10/11 in sporting contests where two teams are evenly matched. Particularly in 1 on 1 games like tennis or boxing. Another situation where you’re likely to see these odds is when a bookmaker has limited information on a team or event.
For example, for the upcoming Rugby World Cup, Paddy Power has every team is 10/11 to win their opening match in the group stages. These odds will likely change as the competition draws closer.
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However, 10/11 odds are seen in horse racing too, a runner priced up at these odds is likely to be a strong favourite. The smaller the field of runners in a race, the more likely you’ll see short prices like 10/11.
EXAMPLE 10/11 BET (WIN)
So now we get to work out of the odds. This is actually a very simple maths formula.
The first number (10) is the amount you’ll win from wagering the second number (11). So for every £11 that you bet, you will get back £10 if your bet wins. You’re getting slightly less back than you risk, but it’s worth remembering a winning bet returns your original stake too.
For instance, a £5 winning bet at 10/11 will pay out £4.55 (plus your £5 stake) giving a total return of £9.55. If you increase the stake to £20 you’ll get £38.18 back (includes £20 stake).
Below we have a full list of example returns for 10/11 bets. You can also try our online bet calculator to work out more complex bets like Accumulators and Yankees.
10/11 WIN BETS
£1 @ 10/11 = 91p
£2 @ 10/11 = £1.82
£5 @ 10/11 = £4.55
£10 @ 10/11 = £9.09
£25 @ 10/11 = £22.73
£50 @ 10/11 = £45.45
£100 @ 10/11 = £90.91
EACH WAY BETTING @ 10/11
There’s an option to bet ‘Each Way‘ on most sports and markets. However, in nearly all situations, it’s not worth betting ‘Each Way’ at odds lower than 5/1. Most bookmakers payout 1/5 odds on each-way places so you’ll be losing money even if your bet places.
So there you have it, 10/11 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.
10/11 EACH WAY BETS (2nd, 3rd or 4th Place)
£1 @ 10/11 = 23p
£2 @ 10/11 = 46p
£5 @ 10/11 = £1.14
£10 @ 10/11 = £2.27
£25 @ 10/11 = £5.68
£50 @ 10/11 = £11.36
£100 @ 10/11 = £22.73
The amounts quoted above are based on each-way places being paid out at 1/4 odds. 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.
If you’re interested in placing bets online with a reputable bookmaker then Paddy Power Bookmakers has a great welcome offer for new customers.
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