What 28/1 means
With fractional odds, the first number is what you win and the second is what you stake. At 28/1, every £1 you stake wins £28 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-eight to one".
28/1 in decimal and American odds
| Format | 28/1 as | How it's worked out |
|---|---|---|
| Decimal | 29.00 | 28 ÷ 1 + 1 |
| American | +2800 | (29.00 − 1) × 100 |
| Implied probability | 3.4% | 1 ÷ 29.00 |
What 28/1 pays
| Stake | Profit | Total return |
|---|---|---|
| £1.00 | £28.00 | £29.00 |
| £2.00 | £56.00 | £58.00 |
| £5.00 | £140.00 | £145.00 |
| £10.00 | £280.00 | £290.00 |
| £20.00 | £560.00 | £580.00 |
| £50.00 | £1,400.00 | £1,450.00 |
| £100.00 | £2,800.00 | £2,900.00 |
How likely is 28/1 to win?
28/1 implies a 3.4% chance, or about 1 in 29. In other words, the bookmaker expects it to win about once in every 29 attempts. The true chance is usually a little lower than this, because bookmakers build a margin into every price.
28/1 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 28/1. For a £5 each way bet (£10 in total):
| Place terms | Place odds | Returns if it wins | Returns if it places |
|---|---|---|---|
| 1/4 odds | 7/1 | £185.00 | £40.00 |
| 1/5 odds | 28/5 | £178.00 | £33.00 |
At 1/5 terms, a placed finish alone returns £33.00 from the £10 total stake, so the place part covers the whole bet with £23.00 to spare. Work out any each way bet.
If a horse at 28/1 is withdrawn
A horse priced at 28/1 being withdrawn doesn't trigger a Rule 4 deduction.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 28/1
See every common price explained, or convert any price with the odds converter.