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 you work out a bet at those odds?
You'll often see them in sporting contests where two teams are evenly matched, particularly in 1 on 1 game 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.
QUICK GUIDE TO 10/11 WIN BET RETURNS
£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
The amounts above do not include returned stakes.
For example, for the upcoming Rugby World Cup, some bookmakers have every team at 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, these 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.
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 that 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).
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 6/1.
Most bookmakers payout either 1/4 or 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 = 23p
£2 = 46p
£5 = £1.14
£10 = £2.27
£25 = £5.68
£50 = £11.36
£100 = £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.
Are These Odds Any Good?
When you see these odds, the first thing to understand is that they’re designed to reflect near-even outcomes while still giving the bookmaker a small edge.
These prices are common in markets where the competition is almost perfectly balanced — think head-to-head sports like darts, mixed martial arts, or even political betting, where two sides are closely matched.
In essence, 10/11 is the bookmaker’s way of saying, “this could go either way.”
In horse racing, they imply a strong favourite, often one that has clear form advantages or a significant jockey or trainer boost.
For instance, across recent Cheltenham and Aintree meetings, winners at 10/11 have frequently been short-priced runners from powerful stables like Willie Mullins or Paul Nicholls.
These horses aren’t surprises, and they’re expected to deliver. But low odds like these are often worth including in accumulator bets, where consistent favourites can still build a solid return when bundled together.
Another example crops up in football betting. Pre-match odds this short appear frequently in goal-line markets, such as “Over 2.5 Goals,” or in tight fixtures where both teams have similar form.
Bettors who study stats such as possession rates, expected goals (xG), or player availability can spot when odds at 10/11 are better value than they first appear.
The takeaway? These odds are about precision betting rather than chasing huge payouts.
It rewards smart timing, a good read of form or statistics, and disciplined bankroll management.
While the payout isn’t explosive, consistent wins at these odds can add up, especially for those who prefer steady betting strategies over speculative long shots.
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