No matter what way you look at it, 80/1 is a long shot. There is no dressing it up. If you’re considering an 80/1 shot, you may want to look at all your options. If you’ve won an 80/1 bet, then good for you! Read on to find out how you work your bet.
The easiest way to calculate your returns on an 80/1 bet is to multiply how much you ‘bet to win’ by the number 80. It’s very simple. So if you put £1, €1, or $1 on odds of 80/1 and the bet wins, you will get back £80, €80, or $80. Currency is irrelevant. The results are the same.
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QUICK GUIDE TO 80/1 WIN BET RETURNS
£1 @ 80/1 = £80
£2 @ 80/1 = £160
£5 @ 80/1 = £400
£10 @ 80/1 = £800
£25 @ 80/1 = £2000
£50 @ 80/1 = £4000
£100 @ 80/1 = £8000
Amounts above do not include returned stakes.
Odds are designed to give both you a chance of winning and also make the bookmaker some profit. The theory is that the smaller the odds, the more likely it is that your bet will win. The higher the odds go, the more unlikely your bet will win – again, in theory.
As I’ve said before, 80/1 is a longshot. But it’s also not impossible to win with either. One factor is how far in advance you place the bet. Odds months before a tournament, a big race, or a league tend to be higher.
The closer you get to the event, the lower the odds get. More people are putting money on plus additional information is available and that changes the algorithms for the bookmakers.
If you are looking at a very large horse race such as the 2023 Grand National, which has 40 runners, 80/1 would still be iffy. In fact, most sports or games with odds of 80/1 are to be seriously considered before placing a wager. It helps if you can find the best online casinos that payout to make your bet even safer.
So while 80/1 has the potential to return a large profit, finding one that actually will is another matter entirely. Football Acca’s are a good way to bulk up the odds if you are looking for better value and think you can predict the outcome of a few games.
Alternatively, if you are looking ahead to a game or a tournament and your chosen player is 80/1 to win outright, and you know they might go far, then that’s a reasonable punt to take.
80/1 WIN BETS
£1 @ 80/1 = £80
£2 @ 80/1 = £160
£5 @ 80/1 = £400
£10 @ 80/1 = £800
£25 @ 80/1 = £2000
£50 @ 80/1 = £4000
£100 @ 80/1 = £8000
Alternative Bets
You could also look at the ‘Place’ or ‘Each-way’ bet. Again, the odds on which they will payout will vary between each bookmaker. For the purpose of explaining it in this instance, we will say it’s a quarter odds.
The ‘Place’ or ‘Each-way’ option means that you could still get a return on your bet even when your horse/team/player doesn’t win. However, they will still need to finish in 2nd, 3rd or 4th place in whatever competition they’re in. Sometimes with Golf, you can get up to 6 or 7 places.
It’s important to remember that your stake will double as you are betting on both a win and a place. So now a £1 bet becomes a £2 bet as you’ve bet on two outcomes.
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If your 80/1 bet comes in and you are a winner, you will get £80 (From win bet) + £1 (From your stake) + £20 (From your bet placing a 1/4 odds) + £1 (From your stake). This means from a £2 ‘Place’ or ‘Each Way’ bet you’ll end up with £102!
If your bet doesn’t come first but does place, you’ll get £20 (From your bet placing a 1/4 odds) and £1 (From your stake), meaning £21 back from £2.
Effectively that’s all there is to know about calculating an 80/1 bet. However, if you need more help with working out other odds then use our online bet calculator! Below are examples of some bets placed at 80/1.
80/1 EACH WAY BETS (2nd, 3rd or 4th Place)
£1 @ 80/1 = £20
£2 @ 80/1 = £40
£5 @ 80/1 = £100
£10 @ 80/1 = £200
£25 @ 80/1 = £500
£50 @ 80/1 = £1000
£100 @ 80/1 = £2000
Amounts above do not include returned stakes and assume the bet is settled each-way at a quarter odds.
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Greetings, enthusiasts of sports betting and odds analysis. I'm here to provide you with insights into the fascinating world of betting, bringing a wealth of knowledge and expertise to the table.
To establish my credentials, I'll first emphasize the importance of understanding odds and calculating potential returns accurately. The article discusses the concept of 80/1 odds, a considerable long shot in the realm of betting. Now, let's delve into the key concepts presented in the article:
-
Understanding 80/1 Odds:
- The odds represent the ratio of the amount to be won relative to the stake.
- An 80/1 odds scenario means that for every unit of currency (e.g., £1, €1, $1) you bet, you stand to win 80 units if the bet is successful.
-
Calculating Returns:
- The calculation is straightforward: Multiply the amount you bet by the odds to determine potential returns.
- For instance, a £1, €1, or $1 bet at 80/1 odds yields £80, €80, or $80 in winnings, respectively.
-
Tipstrr.com Platform:
- The article introduces Tipstrr.com, a platform connecting sports bettors with expert tipsters.
- It emphasizes the importance of verified statistics, such as profit, ROI (Return on Investment), number of tips, average odds, and win rate, to help users identify reliable tipsters.
-
Alternative Bets:
- The article suggests exploring alternative bets like 'Place' or 'Each-way' options.
- These options allow bettors to receive a return even if their selection doesn't win but finishes in 2nd, 3rd, or 4th place.
- It highlights that the stake doubles when placing such bets as they cover both a win and a place.
-
Calculating Each-Way Returns:
- In the case of an 80/1 each-way bet with quarter odds, the returns are calculated considering both the win and place outcomes.
- The article provides examples of potential returns for different stake amounts.
-
Factors Affecting Odds:
- The timing of placing bets is crucial; odds tend to be higher months before an event and decrease as the event approaches.
- Larger events, like the 2023 Grand National with 40 runners, may still pose challenges even at 80/1 odds.
-
Risk and Reward:
- While 80/1 odds offer the potential for significant profits, the article cautions that winning with such odds is challenging.
- It suggests exploring Football Acca's for better value or considering bets on players with 80/1 odds in specific scenarios.
In conclusion, navigating the world of odds requires a blend of strategy, understanding alternative bets, and choosing the right timing. As you explore the possibilities, remember that while 80/1 odds present an enticing potential for profit, careful consideration and research are essential to make informed betting decisions. If you're ready to embark on your betting journey, consider reputable platforms like Betfair, offering enticing bonus bet deals for new customers. Happy betting!
