What 8/11 means
With fractional odds, the first number is what you win and the second is what you stake. At 8/11, you stake £11 to win £8, 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 "eight to eleven", but bookmakers often turn odds-on prices round, so you'll also hear 8/11 called "eleven to eight on" or "11/8 on". Both mean the same thing.
8/11 in decimal and American odds
| Format | 8/11 as | How it's worked out |
|---|---|---|
| Decimal | 1.73 | 8 ÷ 11 + 1 |
| American | -137.5 | 100 ÷ (1.73 − 1) |
| Implied probability | 57.9% | 1 ÷ 1.73 |
What 8/11 pays
| Stake | Profit | Total return |
|---|---|---|
| £1.00 | £0.73 | £1.73 |
| £2.00 | £1.45 | £3.45 |
| £5.00 | £3.64 | £8.64 |
| £10.00 | £7.27 | £17.27 |
| £20.00 | £14.55 | £34.55 |
| £50.00 | £36.36 | £86.36 |
| £100.00 | £72.73 | £172.73 |
How likely is 8/11 to win?
8/11 implies a 57.9% chance, or about 11 in 19. 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.
8/11 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 8/11. For a £5 each way bet (£10 in total):
| Place terms | Place odds | Returns if it wins | Returns if it places |
|---|---|---|---|
| 1/4 odds | 2/11 | £14.55 | £5.91 |
| 1/5 odds | 8/55 | £14.36 | £5.73 |
At 1/5 terms, a placed finish returns £5.73 from the £10 total stake, so it still loses £4.27 overall. Each way needs bigger prices than 8/11 for the place part to cover the bet. Work out any each way bet.
If a horse at 8/11 is withdrawn
When a horse priced at 8/11 is withdrawn after you've bet on another runner in the same race, Rule 4 takes 55p from every £1 of your winnings.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 8/11
See every common price explained, or convert any price with the odds converter.