In recent years, working out your odds has become quite difficult. Remember with bookies use to offer the bog-standard 2/1 or 10/1?
Now it’s a heady mix of odds so short you don’t even know if you are getting value for money.
I’m not kidding when I tell you that I once saw odds of 40/85 on a Nice V PSG football game. Seriously? How on earth is anybody supposed to know what that means??
Compared to that, working out odds of 2/7 is a walk in the park!
QUICK GUIDE TO 2/7 WIN BET RETURNS
£1 @ 2/7 = 29p
£2 @ 2/7 = 57p
£5 @ 2/7 = £1.43
£10 @ 2/7 = £2.86
£25 @ 2/7 = £7.14
£50 @ 2/7 = £14.29
£100 @ 2/7 = £28.57
Amounts above are PROFIT and DO NOT include returned stakes.
Are Odds Of 2/7 Any Good?
Firstly, what you need to know is that odds of 2/7 are known as ‘Odds ON’. This means that you will get back less than you staked if you place a winning bet.
In the easiest terms to understand, you will receive £2 for every £7 that you stake on a successful bet.
So no matter how much you decide to spend, the most you can ever expect back is just over one-third of what you bet.
Basically, you need to stake a lot of money to make any real money. So are there any advantages to betting with these kinds of low odds?
The reality is that often they reflect a clear favourite. So that could be a great football team taking on a poor side. Or a highly ranked tennis player taking on a wild card in a bit tournament.
Just remember that even underdogs can win and Odds On only reflects what could happen, not what will happen.
More frequently you will see odds like 2/7 in the ‘In-Play’ markets. So as one team or player gains an edge, their odds drop to reflect this.
Check out the example below from Betfred when two U21 teams were in the middle of a football game.
When US Biskra scored, their odds immediately dropped to 2/7 ON to win the game.
How To Work Out The Odds
So now you a little bit more, let’s get to the maths! This is actually a very simple formula.
The first number (2) is the amount you’ll win from wagering the second number (7). So for every £7 that you bet, you will get back £2 if your bet wins. You basically get back a lot less than you bet, plus your stake back.
For instance, a £20 winning bet at 2/7 will payout £5.71 (plus your £20 stake is returned). If you increase the stake to £50 you’ll get £14.29 back (plus £50 stake).
The maths formula for a win only bet is:
(amount staked x 2) / 7 = win returns + stake back = total amount of returns.
For example: (£30 x 2) = £60 divided by 7 = £8.57 win + £30 stake back = £38.57 returned in total.
Can You Bet Each Way With Low odds?
There is an option to bet each-way on most markets. However, it is generally advised not to do this unless the odds are over 6/1.
CORAL NEW CUSTOMER OFFER
GET A £20 FREE BET
The reason is that you can’t win any money if your bet loses the win but takes a place instead.
Most bookmakers payout 1/4 odds on each-way places. And when you are already betting on such short odds, it is almost impossible to get any money back on an each-way bet.
For example, if you placed £10 each-way (£20) on odds of 2/7 you would get back £10.71 in TOTAL.
You would lose the win part of your stake, leaving you with the each-way winnings of just 71p plus that part of the stake back. It really isn’t worth it.
So if you bet £20 and only got back £10.71, you would be down £9.29 in total.
The Quick Answer
So there you have it, 2/7 explained in quick and simple terms. There’s a payout guide below for some common bets placed at those odds at the top of this article.
However, you can also use our online bet calculator to work out other odds and stake combinations.
BETTING GUIDES
Champions League Top Scorer: Golden Boot Winner Odds 2024
While the UEFA Champions League is a team effort, individual performances often steal the spotlight. One of the most coveted
Who Will Be The Next James Bond? All The Odds!
We all know by now that Daniel Craig has holstered his Walther PPK for the final time following the release
Sports Personality Of The Year Odds 2023 – Betting On SPOTY
The 2023 BBC Sports Personality of the Year (SPOTY) Awards are still a way off, and we will have to
6 Nations Predictions, Odds & Favourites for 2024
The 6 Nations is the highlight of the sporting calendar during the cold winter months. From Dublin’s bustling pubs to
How Are Football Odds Calculated? And How To Read Them
How do bookies calculate football odds? And how do you work out your bet or calculate how much you can win? All explained here.
80/1 Odds – How Much Will YOU Win? Get the (QUICK) Answer
No matter what way you look at it, 80/1 is a long shot. There is no dressing it up. If
