What 11/4 means
With fractional odds, the first number is what you win and the second is what you stake. At 11/4, every £4 you stake wins £11 in profit, and your stake is returned on top. Because you win more than you stake, it's an odds-against price: the bookmaker rates this outcome as less likely to happen than not.
It's read as "eleven to four".
11/4 in decimal and American odds
| Format | 11/4 as | How it's worked out |
|---|---|---|
| Decimal | 3.75 | 11 ÷ 4 + 1 |
| American | +275 | (3.75 − 1) × 100 |
| Implied probability | 26.7% | 1 ÷ 3.75 |
What 11/4 pays
| Stake | Profit | Total return |
|---|---|---|
| £1.00 | £2.75 | £3.75 |
| £2.00 | £5.50 | £7.50 |
| £5.00 | £13.75 | £18.75 |
| £10.00 | £27.50 | £37.50 |
| £20.00 | £55.00 | £75.00 |
| £50.00 | £137.50 | £187.50 |
| £100.00 | £275.00 | £375.00 |
How likely is 11/4 to win?
11/4 implies a 26.7% chance, or about 4 in 15. In other words, the bookmaker expects it to win roughly four times for every fifteen attempts. The true chance is usually a little lower than this, because bookmakers build a margin into every price.
11/4 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 11/4. For a £5 each way bet (£10 in total):
| Place terms | Place odds | Returns if it wins | Returns if it places |
|---|---|---|---|
| 1/4 odds | 11/16 | £27.19 | £8.44 |
| 1/5 odds | 11/20 | £26.50 | £7.75 |
At 1/5 terms, a placed finish returns £7.75 from the £10 total stake, so it still loses £2.25 overall. Each way needs bigger prices than 11/4 for the place part to cover the bet. Work out any each way bet.
If a horse at 11/4 is withdrawn
When a horse priced at 11/4 is withdrawn after you've bet on another runner in the same race, Rule 4 takes 25p from every £1 of your winnings.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 11/4
See every common price explained, or convert any price with the odds converter.