What 33/1 means
With fractional odds, the first number is what you win and the second is what you stake. At 33/1, every £1 you stake wins £33 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 "thirty-three to one".
33/1 in decimal and American odds
| Format | 33/1 as | How it's worked out |
|---|---|---|
| Decimal | 34.00 | 33 ÷ 1 + 1 |
| American | +3300 | (34.00 − 1) × 100 |
| Implied probability | 2.9% | 1 ÷ 34.00 |
What 33/1 pays
| Stake | Profit | Total return |
|---|---|---|
| £1.00 | £33.00 | £34.00 |
| £2.00 | £66.00 | £68.00 |
| £5.00 | £165.00 | £170.00 |
| £10.00 | £330.00 | £340.00 |
| £20.00 | £660.00 | £680.00 |
| £50.00 | £1,650.00 | £1,700.00 |
| £100.00 | £3,300.00 | £3,400.00 |
How likely is 33/1 to win?
33/1 implies a 2.9% chance, or about 1 in 34. In other words, the bookmaker expects it to win about once in every 34 attempts. The true chance is usually a little lower than this, because bookmakers build a margin into every price.
33/1 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 33/1. For a £5 each way bet (£10 in total):
| Place terms | Place odds | Returns if it wins | Returns if it places |
|---|---|---|---|
| 1/4 odds | 33/4 | £216.25 | £46.25 |
| 1/5 odds | 33/5 | £208.00 | £38.00 |
At 1/5 terms, a placed finish alone returns £38.00 from the £10 total stake, so the place part covers the whole bet with £28.00 to spare. Work out any each way bet.
If a horse at 33/1 is withdrawn
A horse priced at 33/1 being withdrawn doesn't trigger a Rule 4 deduction.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 33/1
See every common price explained, or convert any price with the odds converter.