What 95/40 means
With fractional odds, the first number is what you win and the second is what you stake. At 95/40, every £40 you stake wins £95 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 "ninety-five to forty".
95/40 is the traditional way of writing 19/8, and the two are exactly the same price. It sits between 9/4 and 5/2 on the bookmaker's scale.
95/40 in decimal and American odds
| Format | 95/40 as | How it's worked out |
|---|---|---|
| Decimal | 3.38 | 95 ÷ 40 + 1 |
| American | +237.5 | (3.38 − 1) × 100 |
| Implied probability | 29.6% | 1 ÷ 3.38 |
What 95/40 pays
| Stake | Profit | Total return |
|---|---|---|
| £1.00 | £2.38 | £3.38 |
| £2.00 | £4.75 | £6.75 |
| £5.00 | £11.88 | £16.88 |
| £10.00 | £23.75 | £33.75 |
| £20.00 | £47.50 | £67.50 |
| £50.00 | £118.75 | £168.75 |
| £100.00 | £237.50 | £337.50 |
How likely is 95/40 to win?
95/40 implies a 29.6% chance, or about 1 in 3. In other words, the bookmaker expects it to win about once in every 3 attempts. The true chance is usually a little lower than this, because bookmakers build a margin into every price.
95/40 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 95/40. For a £5 each way bet (£10 in total):
| Place terms | Place odds | Returns if it wins | Returns if it places |
|---|---|---|---|
| 1/4 odds | 19/32 | £24.84 | £7.97 |
| 1/5 odds | 19/40 | £24.25 | £7.38 |
At 1/5 terms, a placed finish returns £7.38 from the £10 total stake, so it still loses £2.63 overall. Each way needs bigger prices than 95/40 for the place part to cover the bet. Work out any each way bet.
If a horse at 95/40 is withdrawn
When a horse priced at 95/40 is withdrawn after you've bet on another runner in the same race, Rule 4 takes 25p from every £1 of your winnings.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 95/40
See every common price explained, or convert any price with the odds converter.