A bet of 8/13 is not uncommon, and it’s especially common in football matches where one team is clearly favoured. You won’t make much money with a bet at 8/13 unless you’re placing a large wager!
I wrote about the upcoming Real Madrid v Sevilla game and Betfred was offering odds of 8/13 on Madrid to win the game. Of course, that made me think about the lack of value in football betting markets, but that’s a rant for another day! You’re probably wondering how much you could make from a bet at 8/13 – read on for full details and example returns.
GET £60 IN BONUSES WHEN YOU STAKE £10
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.
For reasons that I can’t explain, you see 8/13 more frequently on European football markets. Matches in La Liga, Seria A and France’s Ligue 1 tend to be peppered with them.
The only real advantage to odds this low is that they indicate a strong favourite. However, you need to look at all the odds on offer and weigh up your options. In almost every single case, when one team has odds of 8/13, their opponents will be on 7/2. In the real world, this means they have a 61% chance of winning.
So now you know a little bit more, let’s get to the maths! This is actually a very simple formula.
EXAMPLE 8/13 BET (WIN)
Yes, they are short odds but a win is a win and you can still make a profit. As a guide, for every £1 you place on a winning bet with odds of 8/13, you will make a profit of 62p. You’ll also get your stake back.
8/13 EXAMPLE RETURNS (WIN)
£1 = 62p
£2 = £1.23p
£5 = £3.08
£10 = £6.15
£25 = £15.38
£50 = £30.77
£100 = £61.54
The first number (8) is the amount you’ll win from wagering the second number (13). So for every £10 that you bet, you will get back £6.15 if your bet wins. You basically get back less than you’ve risk on the bet, but importantly you must remember that your original stake is returned on top of the £6.15, giving a total return of £16.15 for a £10 risk.
For instance, a £30 winning bet at 8/13 will payout £18.46 (plus your £30 stake is returned). If you increase the stake to £50 you’ll get £30.77 back (plus £50 stake).
EXAMPLE 8/13 BET (EACH WAY)
There is an option to bet each way on most markets including 8/13. However, it is generally advised not to do this unless the odds are over 6/1.
Most bookmakers payout 1/4 on each-way places, basically a quarter of the odds. However, there has been a move to reduce this and only offer 1/5 of the odds. And when you are already betting on such short returns. For example, if you placed £10 each way (£20 in total) on odds of 8/13 you would get back £11.23 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 1.23p plus that part of the stake back. That is a loss of £8.77 on your original total stake. It really isn’t worth it.
So there you have it, 8/13 explained in simple terms. There’s a payout guide above 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.
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