What 15/2 means
With fractional odds, the first number is what you win and the second is what you stake. At 15/2, every £2 you stake wins £15 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 "fifteen to two".
15/2 in decimal and American odds
| Format | 15/2 as | How it's worked out |
|---|---|---|
| Decimal | 8.50 | 15 ÷ 2 + 1 |
| American | +750 | (8.50 − 1) × 100 |
| Implied probability | 11.8% | 1 ÷ 8.50 |
What 15/2 pays
| Stake | Profit | Total return |
|---|---|---|
| £1.00 | £7.50 | £8.50 |
| £2.00 | £15.00 | £17.00 |
| £5.00 | £37.50 | £42.50 |
| £10.00 | £75.00 | £85.00 |
| £20.00 | £150.00 | £170.00 |
| £50.00 | £375.00 | £425.00 |
| £100.00 | £750.00 | £850.00 |
How likely is 15/2 to win?
15/2 implies a 11.8% chance, or about 2 in 17. In other words, the bookmaker expects it to win roughly two times for every seventeen attempts. The true chance is usually a little lower than this, because bookmakers build a margin into every price.
15/2 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 15/2. For a £5 each way bet (£10 in total):
| Place terms | Place odds | Returns if it wins | Returns if it places |
|---|---|---|---|
| 1/4 odds | 15/8 | £56.88 | £14.38 |
| 1/5 odds | 3/2 | £55.00 | £12.50 |
At 1/5 terms, a placed finish alone returns £12.50 from the £10 total stake, so the place part covers the whole bet with £2.50 to spare. Work out any each way bet.
If a horse at 15/2 is withdrawn
When a horse priced at 15/2 is withdrawn after you've bet on another runner in the same race, Rule 4 takes 10p from every £1 of your winnings.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 15/2
See every common price explained, or convert any price with the odds converter.