What 7/1 means
With fractional odds, the first number is what you win and the second is what you stake. At 7/1, every £1 you stake wins £7 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 "seven to one".
7/1 in decimal and American odds
| Format | 7/1 as | How it's worked out |
|---|---|---|
| Decimal | 8.00 | 7 ÷ 1 + 1 |
| American | +700 | (8.00 − 1) × 100 |
| Implied probability | 12.5% | 1 ÷ 8.00 |
What 7/1 pays
| Stake | Profit | Total return |
|---|---|---|
| £1.00 | £7.00 | £8.00 |
| £2.00 | £14.00 | £16.00 |
| £5.00 | £35.00 | £40.00 |
| £10.00 | £70.00 | £80.00 |
| £20.00 | £140.00 | £160.00 |
| £50.00 | £350.00 | £400.00 |
| £100.00 | £700.00 | £800.00 |
How likely is 7/1 to win?
7/1 implies a 12.5% chance, or about 1 in 8. In other words, the bookmaker expects it to win roughly once for every eight attempts. The true chance is usually a little lower than this, because bookmakers build a margin into every price.
7/1 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 7/1. For a £5 each way bet (£10 in total):
| Place terms | Place odds | Returns if it wins | Returns if it places |
|---|---|---|---|
| 1/4 odds | 7/4 | £53.75 | £13.75 |
| 1/5 odds | 7/5 | £52.00 | £12.00 |
At 1/5 terms, a placed finish alone returns £12.00 from the £10 total stake, so the place part covers the whole bet with £2.00 to spare. Work out any each way bet.
If a horse at 7/1 is withdrawn
When a horse priced at 7/1 is withdrawn after you've bet on another runner in the same race, Rule 4 takes 10p from every £1 of your winnings.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 7/1
See every common price explained, or convert any price with the odds converter.