What are ‘Payoff Odds’?
Payoff odds are the odds
on offer for the bet that you place. These odds are usually displayed in fractional terms and represent the possibility of that outcome on a race or match.
‘Payoff Odds’ explained
When you place a bet you take the odds that are on offer. These are the payoff
odds, meaning that you will be paid out on these odds regardless of whether they change at any time.Here is a list of the odds and their respective payoffs. All payoffs are to a £1 or $1 stake.
1-10 = $1.10 payoff1-5 = $1.20 payoff1-4 = $1.25 payoff1-3 = $1.33 payoff2-5 = $1.40 payoff1-2 = $1.50 payoff3-5 = $1.60 payoff4-5 = $1.80 payoff1-1 (Evens) = $2 payoff11-10 = $2.10 payoff6-5 = $2.20 payoff5-4 = $2.25 payoff3-2 (often listed as 6/4) = $2.50 payoff7-4 = $2.75 payoff2-1 = $3.00 payoff5-2 = $3.50 payoff3-1 = $4.00 payoff7-2 = $4.50 payoff4-1 = $5.00 payoff9-2 = $5.50 payoff5-1 = $6.00 payoff10-1 = $11.00 payoff
These odds are available either in the betting shops, online or at a racecourse and reflect the chance the odds compiler believes the selection has of winning.The payoff
odds usually have a maximum amount that can be placed on them. This generally changes depending on the market or where you place the bet. A racecourse bookmaker in a big race is much more likely to allow bigger bets than an online bookmaker
in either a smaller race or an event with less runners.The punter
should ensure they get some value in the odds so if there is a selection you think has a greater chance of winning than the payoff odds suggest the edge would be in your favour.