Odds used to be very simple. There were lots of 5/1, 10/1, 20/1 or even 100/1 floating about. Now, with such a vast range of things to bet on, odds have gotten slightly more difficult to work out quickly. Seriously, work out, in your head, the returns on 8/11 if you placed a £2.50 each way bet? My point exactly!
However, there is some good news. The formula for working out your bet is actually very straight forward. And the general rule of thumb is that the smaller the odds, the greater the chance your bet has of winning. Now, that is not a guarantee. What it means is that with all the information at hand, statistically, you have a better chance of winning.
Which is where we are at with odds of 6/4. Those odds are pretty short. You won’t ever really see them as outright odds in big tournaments. Where you do get them is in two team or two player sports where the competitors are more evenly matched.
In the upcoming match between Venezuela and Peru in the Women’s World Cup, Peru is 6/4 to win the game. With Venezuela on slightly bigger odds of 9/4, it means that the bookmaker thinks Peru has the edge, but only by a little bit.
If you have made a bet or won a bet with odds of 6/4 here is how you work it out:
The first number (6) is the amount you’ll win from wagering the second number (4). So for every £4 that you bet, you will get back £6 if your bet wins. You basically get back 50% more than you bet.
For instance, a £1 winning bet at 6/4 will payout £1.50 (plus your £1 stake is returned). If you increase the stake to £10 you’ll get £15 back (plus £10 stake). The maths formula for a win only bet is:
(amount staked x 6) / 4 = win returns + stake back = total amount of returns.
For example: (£5 x 6) = £30 divided by 4 = £7.50 win + £5 stake back = £12.50 returned in total.
6/4 can give decent winnings on a bet with such low odds. You may not be able to retire on it but a win is a win.
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. Mathematically you can’t actually make any money if your bet does not win, but instead finishes second or third.
This is, in theory, good advice. However, if you are going to make the bet anyway, it is better to come away with some of your money back rather than none of it. Let’s look at a £1 each-way bet (£2 spent in total).
If your bet wins you’ll get your £1.50 (Win bet) + £1 (Stake) + £.36p (Place bet at 1/4 odds) + £1 (Stake) so you will end up with £3.86 in your pocket.
If they DO NOT win, you will only get back 36p (Place bet at 1/4 odds) + £1 (Place Stake) = £1.36. This is less than the £2 bet you placed!
The thing is, if you were going to put £2 on the win you would have lost the £2. Splitting it, £1 each-way, means you are only down 64p. Not great, but you didn’t lose it all. Of course, if your bet doesn’t win or place, you will get nothing back.
So there you have it, 6/4 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.
6/4 WIN BETS
£1 @ 6/4 = £1.50
£2 @ 6/4 = £3.00
£5 @ 6/4 = £7.50
£10 @ 6/4 = £15.00
£25 @ 6/4 = £37.50
£50 @ 6/4 = £75.00
£100 @ 6/4 = £150.00
6/4 EACH WAY BETS (2nd, 3rd or 4th Place)
£1 @ 6/4 = 36p
£2 @ 6/4 = 75p
£5 @ 6/4 = £1.86
£10 @ 6/4 = £3.75
£25 @ 6/4 = £9.36
£50 @ 6/4 = £18.75
£100 @ 6/4 = £37.50
Amounts above do not include returned stakes and assumes the bet is settle each-way at a quarter odds.
If your each way bet wins you can add together the win bet column and place bet column to get the correct amount. For example, a £10 win at 6/4 pays £15 + £10 place at 6/4 pays out £3.75 giving you a total of £18.75 plus your £20 stake is returned.
If you’re interested in placing bets online with a reputable bookmaker then Betfair has a great bonus bet deal for new customers.