What 22/1 means
With fractional odds, the first number is what you win and the second is what you stake. At 22/1, every £1 you stake wins £22 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 "twenty-two to one".
22/1 in decimal and American odds
| Format | 22/1 as | How it's worked out |
|---|---|---|
| Decimal | 23.00 | 22 ÷ 1 + 1 |
| American | +2200 | (23.00 − 1) × 100 |
| Implied probability | 4.3% | 1 ÷ 23.00 |
What 22/1 pays
| Stake | Profit | Total return |
|---|---|---|
| £1.00 | £22.00 | £23.00 |
| £2.00 | £44.00 | £46.00 |
| £5.00 | £110.00 | £115.00 |
| £10.00 | £220.00 | £230.00 |
| £20.00 | £440.00 | £460.00 |
| £50.00 | £1,100.00 | £1,150.00 |
| £100.00 | £2,200.00 | £2,300.00 |
How likely is 22/1 to win?
22/1 implies a 4.3% chance, or about 1 in 23. In other words, the bookmaker expects it to win about once in every 23 attempts. The true chance is usually a little lower than this, because bookmakers build a margin into every price.
22/1 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 22/1. For a £5 each way bet (£10 in total):
| Place terms | Place odds | Returns if it wins | Returns if it places |
|---|---|---|---|
| 1/4 odds | 11/2 | £147.50 | £32.50 |
| 1/5 odds | 22/5 | £142.00 | £27.00 |
At 1/5 terms, a placed finish alone returns £27.00 from the £10 total stake, so the place part covers the whole bet with £17.00 to spare. Work out any each way bet.
If a horse at 22/1 is withdrawn
A horse priced at 22/1 being withdrawn doesn't trigger a Rule 4 deduction. The scale only applies when the non-runner was 14/1 or shorter. Work out a Rule 4 deduction.
Prices either side of 22/1
See every common price explained, or convert any price with the odds converter.