What 2/7 means
With fractional odds, the first number is what you win and the second is what you stake. At 2/7, you stake £7 to win £2, 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 "two to seven", but bookmakers often turn odds-on prices round, so you'll also hear 2/7 called "seven to two on" or "7/2 on". Both mean the same thing.
2/7 in decimal and American odds
| Format | 2/7 as | How it's worked out |
|---|---|---|
| Decimal | 1.29 | 2 ÷ 7 + 1 |
| American | -350 | 100 ÷ (1.29 − 1) |
| Implied probability | 77.8% | 1 ÷ 1.29 |
What 2/7 pays
| Stake | Profit | Total return |
|---|---|---|
| £1.00 | £0.29 | £1.29 |
| £2.00 | £0.57 | £2.57 |
| £5.00 | £1.43 | £6.43 |
| £10.00 | £2.86 | £12.86 |
| £20.00 | £5.71 | £25.71 |
| £50.00 | £14.29 | £64.29 |
| £100.00 | £28.57 | £128.57 |
How likely is 2/7 to win?
2/7 implies a 77.8% chance, or about 7 in 9. 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.
2/7 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 2/7. For a £5 each way bet (£10 in total):
| Place terms | Place odds | Returns if it wins | Returns if it places |
|---|---|---|---|
| 1/4 odds | 1/14 | £11.79 | £5.36 |
| 1/5 odds | 2/35 | £11.71 | £5.29 |
At 1/5 terms, a placed finish returns £5.29 from the £10 total stake, so it still loses £4.71 overall. Each way needs bigger prices than 2/7 for the place part to cover the bet. Work out any each way bet.
If a horse at 2/7 is withdrawn
When a horse priced at 2/7 is withdrawn after you've bet on another runner in the same race, Rule 4 takes 75p from every £1 of your winnings.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 2/7
See every common price explained, or convert any price with the odds converter.