What 10/11 means
With fractional odds, the first number is what you win and the second is what you stake. At 10/11, you stake £11 to win £10, so your profit is smaller than your stake. That's what makes it odds-on: the bookmaker rates this outcome as more likely to happen than not.
It's read as "ten to eleven", but bookmakers often turn odds-on prices round, so you'll also hear 10/11 called "eleven to ten on" or "11/10 on". Both mean the same thing.
10/11 is the classic price for two evenly matched outcomes, such as over or under a goal line, because the bookmaker can offer it on both sides and still keep a margin.
10/11 in decimal and American odds
| Format | 10/11 as | How it's worked out |
|---|---|---|
| Decimal | 1.91 | 10 ÷ 11 + 1 |
| American | -110 | 100 ÷ (1.91 − 1) |
| Implied probability | 52.4% | 1 ÷ 1.91 |
What 10/11 pays
| Stake | Profit | Total return |
|---|---|---|
| £1.00 | £0.91 | £1.91 |
| £2.00 | £1.82 | £3.82 |
| £5.00 | £4.55 | £9.55 |
| £10.00 | £9.09 | £19.09 |
| £20.00 | £18.18 | £38.18 |
| £50.00 | £45.45 | £95.45 |
| £100.00 | £90.91 | £190.91 |
How likely is 10/11 to win?
10/11 implies a 52.4% chance, or just over 1 in 2. The bookmaker expects this outcome more often than not. The true chance is usually a little lower than this, because bookmakers build a margin into every price.
10/11 each way
An each way bet splits your stake between a win bet and a place bet, with the place part paid at a fraction of 10/11. For a £5 each way bet (£10 in total):
| Place terms | Place odds | Returns if it wins | Returns if it places |
|---|---|---|---|
| 1/4 odds | 5/22 | £15.68 | £6.14 |
| 1/5 odds | 2/11 | £15.45 | £5.91 |
At 1/5 terms, a placed finish returns £5.91 from the £10 total stake, so it still loses £4.09 overall. Each way needs bigger prices than 10/11 for the place part to cover the bet. Work out any each way bet.
If a horse at 10/11 is withdrawn
When a horse priced at 10/11 is withdrawn after you've bet on another runner in the same race, Rule 4 takes 50p from every £1 of your winnings. It applies to bets struck at a fixed price before the withdrawal. Work out a Rule 4 deduction.
Prices either side of 10/11
See every common price explained, or convert any price with the odds converter.