Odds like 4/9 are considered very short. So while you may not make a lot of money from a winning bet with those odds, they do indicate a clear favourite, so there is slightly less risk.
A lot of them when you see odds of 4/9, they are being offered ‘in-play’. This is where one team, or one horse, or one player has a huge advantage over the opposition. Imagine a really great tennis match where one player is 40-0 up on his or her opponent. Really short odds on that player winning that particular game will be available.
Ordinarily, the lower the odds of something, the less chance there is of it happening. But with betting, it is the opposite. The lower the odds, the greater the chance you may win.
With odds this low, and depending on the sport, spread betting may be a good alternative. But familiarise yourself with it first as it does have it’s downsides.
The bookies have worked out that there is a much higher probability of your team winning so rather than face massive payouts, the odds reduce so those that win are paid less. All things considered, barring any mishaps, one side is considered to be much better than the others in the field. Therefore they have a much better chance of winning and the odds are lower.
Odds of 4/9 offer very little in terms of payouts. But a win is still a win. The amounts may be small but they do add up. Just don’t get carried away as favourites don’t always win.
So now you a little bit more, let’s get to the maths!
A Very Simple Formula
The first number (4) is the amount you’ll win from wagering the second number (9). So for every £10 that you bet, you will get back £4.44 if your bet wins. You basically get back a lot less than you bet, plus your stake back.
For instance, a £40 winning bet at 4/9 will payout £17.78 (plus your £40 stake is returned). If you increase the stake to £50 you’ll get £22.22 back (plus £50 stake). The maths formula for a win only bet is:
(amount staked x 4) / 9 = win returns + stake back = total amount of returns.
For example: (£30 x 4) = £120 divided by 9 = £13.33 win + £30 stake back = £43.33 returned in total.
Each Way Bets
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. The reason is that you can’t win any money if your bet loses the win but takes a place instead.
Traditionally most bookmakers paid out 1/4 of the odds on each-way bets. However, with larger offers, such as more paid places, the odds are often less and around 1/5 of the fixed odds quoted. So, much bigger horse races may pay out more places, but they only pay 1/5 of the odds quoted on the each-way win. And when you are already betting on such short numbers, it is almost impossible to get any money back on an each-way bet. For example, if you placed £10 each-way (£20 in total) on odds of 4/9 you would get back £11.11 in TOTAL if you won the place part of the bet.
You would lose the win part of your stake, leaving you with the each-way winnings of just £1.11 plus that part of the stake back. That is a loss of -£8.89 on your original total stake. It really isn’t worth it.
So there you have it, 4/9 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.
4/9 PROFIT ON WIN BET
£1 = 44p
£2 = 88p
£5 = £2.22
£10 = £4.44
£25 = £11.11
£50 = £22.22
£100 = £44.44
The amounts quoted above are based on Win bets only. 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.