When dealing with odds like 5/1, 10/1, 20/1 or even 100/1 it can be fairly easy to figure out your returns from a winning bet. However, things get more difficult when you get into the shorter end of the odds market. Seriously, work out, in your head, the returns on 6/4 if you placed a £2.50 each way bet? Well, don’t worry if you’re struggling to do the ‘math’, I’ve done all the hard work for you.
The formula for working out your bet is actually very straightforward. And the general rule of thumb is that the smaller the odds, the greater the chance your bet has of winning. Now, that’s not a guarantee. What it means is that with all the information at hand, statistically, you have a better chance of winning.
GET £60 IN BONUSES WHEN YOU STAKE £10
This 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 when two football teams are evenly matched in a single game.
EXAMPLE 6/4 BET (WIN)
If you’ve made a bet at odds of 6/4 here’s 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).
6/4 can give decent winnings on a bet with such low odds. You may not be able to retire on the winnings, but a win is a win. Below you’ll find example payouts for 6/4 odds on various stakes.
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
EXAMPLE 6/4 BET (EACH WAY)
There is an option to bet each way on most markets. However, it is generally advised not to do this on odds under 5/1. Mathematically you’ll be losing money if your selection places.
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 your selection Places, 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!
However, if you’re going to make this bet anyway. Let’s look at a £1 each-way bet (£2 spent in total).
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 assume the bet is settled 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.
Losing money isn’t 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.
If you’re interested in placing bets online with a reputable bookmaker then Betfair has a great bonus bet deal for new customers.