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Prices and odds show the ratio between the amount you bet (your stake) and the return you will get if you win. All bookmakers have lists detailing their odds for each horse running in each race. |
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| Epsom
Derby Betting Records! The longest priced horses to win the Derby at 100/1 were Jeddah in 1898, Signorinetta in 1908 and Aboyeur in 1913. The shortest priced horse was Ladas at 2/9 in 1894. In the last fifty years the biggest outsider to win the Derby was Psidium in 1961 at 66/1 and the shortest priced favourite was Sir Ivor at 4/5 in 1968. |
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If you are already familiar with these principles and would like to see odds for races at the Derby Meeting please click Derby Racing Betting Odds. |
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Lets say you make a £5 bet on a horse to win with odds of 10/1. The odds on this bet would be read as 'ten to one against', meaning for every pound you bet, the bookie would pay you ten times the amount you bet + your stake. i.e. If your horse comes in first you would collect £50 winnings + your £5 stake so a total of £55. If a horse is strongly fancied to win, bookmakers will adjust or set the odds in order to reduce any potential losses. In some cases the odds can change so much that the ratio appears reversed and this is referred to as 'odds on'. Sir Ivor winning the Derby with odds of 4/5 and Ladas 2/9 (see above) are both classic examples. The Sir Ivor bet would read have as 'four to five on'. |
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the following three steps to calculate your potential winnings:
1. Stake (amount you bet) divided by bottom number of price 2. Add both parts of Odds together 3. Multiply sub totals from steps 1 and 2. |
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e.g. Stake of £5, Odds 20/1 1. £5 divided by 1 = 5 2. 20 plus 1 = 21 3. 5 x 21 = £105 For this example a bet of £5 with odds at 20/1 would give winnings of £105. Another e.g. Stake of £10, Odds 13/2 1. £10 divided by 2 = 5 2. 13 plus 2 = 15 3. 5 x 15 = £75 For this example a bet of £10 with odds at 13/2 would give winnings of £75. |
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| In
the past betting odds were always shown as a fraction e.g. 20/1, but it is
common nowadays to see decimal odds which are frequently used, e.g.
21.00 The better bookmakers such as Bet365 offer the choice of either fractional or decimal odds. |
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| To convert fractional odds to decimal
odds: Simply divide the numerator (top figure of fraction) by the denominator (bottom figure of fraction) and add 1. |
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e.g. Fractional Odd 7/2 7 divided by 2 = 3.5 3.5 + 1 = 4.5 Decimal Odd 4.50 Two decimal points are always shown, and the odds are sometimes rounded if necessary. Winnings are always calculated using fractional odds. |
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| Up
until October 2001 betting tax was applied at a rate of 9% to all off course
betting in the UK. The betting tax was applied directly to the punter, but
this has been replaced by a 15% tax on bookmakers' gross profits. |
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