So you’ve placed a bet at 16/1, and you want to know how much you’ll win? Fortunately, working out this bet isn’t difficult. 16/1 or any odds you’d like to name, for that matter, work like this… The first number (16) is the amount you’ll win from wagering the second number (1). Whether this is in dollars, pounds, or smarties, it doesn’t really matter.

For example, a £1 winning bet at 16/1 will payout £16 (plus your £1 stake is returned). If you increase the stake to £2, you’ll get £32 back (plus £2 stake).

QUICK GUIDE TO 16/1 WIN BET RETURNS

£1 @ 16/1 = £16
£2 @ 16/1 = £32
£5 @ 16/1 = £80
£10 @ 16/1 = £160
£25 @ 16/1 = £400
£50 @ 16/1 = £800
£100 @ 16/1 = £1600
The amounts above do not include returned stakes.

16/1 is a very healthy return on a bet. A horse with odds of 16/1 would be classed as an ‘Outsider’ or ‘Longshot’. You will see plenty of horses in races like the Grand National or Cheltenham Gold Cup priced up at 16/1.

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The only time 16/1 becomes slightly complicated is when you’ve backed a horse at 16/1 each-way. Don’t worry; it’s not rocket science to work this out; you just need to understand a few racing rules and basic maths.

When you back a horse eachway it can finish 1st, 2nd, 3rd, and in some races, even 4th place (over 16 runners or more), and you will still win. Each part of the eachway bet is an equal stake, e.g. a £1 Each Way bet will have £1 on the ‘Win’ and £1 on the ‘Place’ (a total stake of £2).

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 16/1, so you will be paid out at 4/1. A £1 each way bet (total cost £2) will win you £4 + £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 £16 (Win bet) + £2 (Stake) + £4 (Place at quarter odds of 16/1 = 4/1).

So there you have it, 16/1 explained in simple terms; I’ve added a payout guide below for some common bets placed at 16/1. However, you can also use our online bet calculator to work out other odds and stake combinations.

16/1 WIN BETS

£1 @ 16/1 = £16
£2 @ 16/1 = £32
£5 @ 16/1 = £80
£10 @ 16/1 = £160
£25 @ 16/1 = £400
£50 @ 16/1 = £800
£100 @ 16/1 = £1600

16/1 EACH WAY BETS (2nd, 3rd or 4th Place)

£1 @ 16/1 = £4
£2 @ 16/1 = £8
£5 @ 16/1 = £20
£10 @ 16/1 = £40
£25 @ 16/1 = £100
£50 @ 16/1 = £200
£100 @ 16/1 = £400

The amounts above do not include returned stakes.

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 16/1 pays = £160, and £10 each way at 16/1 = pays out £40, giving you a total of £200 plus your stake is returned.

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