8-1 Betting Odds

If you are wondering what 8/1 means in betting, you have come to the right place.

The 8:1 odds of an event happening are the likelihood or probability of that result. 8-1 odds are popular in football betting and for horse racing events in the UK and are a shade shorter than 9-1 odds in the betting market.

In our 8-1 horse racing betting odds guide, we explain what 8 to 1 odds mean, what the 8 to 1 probability is, and show you what an 8 to 1 odds payout would be.

What do 8-to-1 odds mean?

8-1 Betting Odds means that, out of 9 possible outcomes, there will be 8 of one kind and 1 of another.

The 8-1 odds calculation means that for every nine betting events, your selection should win 1 time, and on eight occasions, the selection will not win.

8-1 Odds Calculator

Here is an 8/1 odds calculator to work out the potential winnings of an 8-1 priced winner.

How To Use The 8/1 odds payout calculator?

Here is the step-by-step guide on how to use the free online 5/4 odds calculator:

1. ‘Bet Type’ will already be selected as a single bet
2. Select the ‘Outcome’ of “Winner”, “Placed”, “Lost”, “Dead Heat”, “Void” or “Non-runner”
3. Select the ‘Odds’ of 8-1
4. Select the ‘Stake’ wagered
5. The 8/1 odds payout calculator will then work out total outlay, total return and total profit

8 to 1 Implied Probability

The 8-1 betting odds represent an 88.89% probability of one outcome and an 11.11% probability of the other.

The 8/1 odds implied probability means your selection has an 11.11% chance of winning and an 88.89% chance the selection will lose.

Convert 8-1 Odds to American Moneyline Odds?

The conversion of 8-1 odds to American Moneyline odds is 800.

• Conversion to American Odds is calculated by (9.0 – 1.0)* 100 = 800

Money line odds (aka “American” odds or “U.S.” odds) of 800 are the equivalent of 8-1 Fractional odds (aka “British” odds, “U.K.” odds, or “traditional” odds).

8 to 1 odds payout

If you place a bet on an 8/1 selection and you win, your total payout will be 9.00, which is your stake back plus 8.00 profit.

Here are some examples of 8-1 odds payouts:

• £1 bet on a 8/1 pick returns a total return of £9.00
• £5 bet on a 8/1 pick returns a total return of £45.00
• £10 bet on 8/1 returns a total return of £90.00
• £40 bet on 8/1 betting odds returns a total return of £360.00
• £100 bet on 8/1 odds returns a total return of £900.00
• £400 bet on 8/1 odds returns a total return of £3600.00

8/1 Each Way Payout

Here are the returns for the 8-1 each-way bet.

Stake	Position	Fraction	Return
1 EW	WON	8/1	£11.60
1 EW	PLACE	8/1	£2.60
2.5 EW	WON	8/1	£29.00
2.5 EW	PLACE	8/1	£6.50
5 EW	WON	8/1	£58.00
5 EW	PLACE	8/1	£13.00
10 EW	WON	8/1	£116.00
10 EW	PLACE	8/1	£26.00
20 EW	WON	8/1	£232.00
20 EW	PLACE	8/1	£52.00
25 EW	WON	8/1	£290.00
25 EW	PLACE	8/1	£65.00
50 EW	WON	8/1	£580.00
50 EW	PLACE	8/1	£130.00
100 EW	WON	8/1	£1,160.00
100 EW	PLACE	8/1	£260.00

So here are the each-way payouts for an 8-1 shot:

• £1 each way at 8/1 if your selection wins returns £11.60 winning payout
• £1 each way at 8/1 if your selection finishes 2nd place returns £2.60 winning payout
• £1 each way at 8/1 if your selection finishes 3rd place returns £2.60 winning payout
• £5 each way at 8/1 if your selection wins returns £58.00 winning payout
• £5 each way at 8/1 if your selection finishes 2nd place returns £13.00 winning payout
• £5 each way at 8/1 if your selection finishes 3rd place returns £13.00 winning payout
• £10 each way at 8/1 if your selection wins returns £116.00 winning payout
• £10 each way at 8/1 if your selection finishes 2nd place returns £26.00 winning payout
• £10 each way at 8/1 if your selection finishes 3rd place returns £26.00 winning payout

Facts About 8 to 1 Betting Odds

• 8-1 are fractional odds
• 8-1 betting odds are slightly shorter than 9-1
• 8-1 betting odds are slightly larger than 15-2 odds
• 8-1 odds have an 11.11 per cent chance of winning
• 8-1 fractional odds in decimal odds is 9.00

UK Bookmakers Free Bets

When new customers sign up with UK bookmakers, they usually receive a free bet welcome bonus.

If you’re wondering how the 8/1 odds work when placing bets on sports betting markets with a free bet, we can help you calculate your potential winning bets.

When you have placed a qualifying bet to receive free bets, it is worth understanding that any free bet wins you do not get your stake back.

• £1 free bet on a 8/1 returns a winning bets total return of £8
• 8/1 odds £5 free bet returns £40 win bets total
• 8/1 odds £10 free bet returns £80 bet wins total
• £20 free bet on 8/1 odds return £160.00 winning bets total
• £40 bet on 8/1 odds returns a total return of £320.00

Summary of 8 to 1 Odds

If you have placed a bet on an 8-1 pick and it has won, then we have an odds calculator you can use to work out your returns on an 8/1 winner.

Fraction Odds	Decimal Odds	American	Probability
8/1	9	800	11.10%

If you are looking to place a bet, then understanding the betting odds market is essential, as you want to choose your picks based on the value in the betting ring.

Here are all the betting odds guides we have created at British Racecourses.

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Many punters who understand the 8-1 odds and betting markets utilise the new sportsbook bookmaker bonus offers they give in opening new accounts, and the bookies incentivise signing up with amazing horse racing free bets online.

We hope your 8 1 odds pick is a winning selection, and please always gamble responsibly.