33-1 Betting Odds

If you are wondering what 33/1 means in betting, you have come to the right place.

The 33-to-1 odds of an event happening represent the likelihood or probability of that result. 33-1 odds are popular in football betting and for horse racing events in the UK and are a shade shorter than 50-1 odds in the betting market.

As a knowledgeable sports bettor, if you like to wager on horses at a high price like 33-1, you should check the list of the best bookies for E/W bets online.

In our 33-1 horse racing betting odds guide, we explain what 33 to 1 odds mean, what the 33 to 1 probability is, and show you what a 33 to 1 odds payout would be.

What do 33 to 1 odds mean?

33-1 Betting Odds means that, out of 34 possible outcomes, there will be 33 of one kind of outcome and 1 of another.

The 33-1 odds calculation means that for every 34 betting events, your selection should win 1 time, and on 33 occasions, the selection will not win.

33-1 Odds Calculator

Here is a 33/1 odds calculator to work out the potential winnings of a 33-1 priced winner.

How To Use The 33/1 odds payout calculator?

Here is the step-by-step guide on how to use the free online 33-1 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 33-1
4. Select the ‘Stake’ wagered
5. The 33/1 odds payout calculator will then work out total outlay, total return and total profit

33 to 1 Implied Probability

The 33-1 betting odds represent a 97.06% probability of one outcome and a 2.94% probability of the other.

The 33/1 odds implied probability means your selection has a 2.94% chance of winning and a 97.06% chance the selection will lose.

Convert 33-1 Odds to American Moneyline Odds?

The conversion of 33-1 odds to American Moneyline odds is 3300.

• Conversion to American Odds is calculated by (34.0 – 1.0)* 100 = 3300

Money line odds (aka “American” odds or “U.S.” odds) of 3300 are the equivalent of 33-1 Fractional odds (aka “British” odds, “U.K.” odds, or “traditional” odds).

33/1 Each Way Payout

Here are the returns for the 31-1 each-way bet.

Stake	Position	Fraction	Return
1 EW	WON	33/1	£41.60
1 EW	PLACE	33/1	£7.60
2.5 EW	WON	33/1	£104.00
2.5 EW	PLACE	33/1	£19.00
5 EW	WON	33/1	£208.00
5 EW	PLACE	33/1	£38.00
10 EW	WON	33/1	£416.00
10 EW	PLACE	33/1	£76.00
20 EW	WON	33/1	£832.00
20 EW	PLACE	33/1	£152.00
25 EW	WON	33/1	£1,040.00
25 EW	PLACE	33/1	£190.00
50 EW	WON	33/1	£2,080.00
50 EW	PLACE	33/1	£380.00
100 EW	WON	33/1	£4,160.00
100 EW	PLACE	33/1	£760.00

So here are the each-way payouts for a 10-1 shot:

• £1 each way at 33/1 if your selection wins returns £41.60 winning payout
• £1 each way at 33/1 if your selection finishes 2nd place returns £7.60 winning payout
• £1 each way at 33/1 if your selection finishes 3rd place returns £7.60 winning payout
• £5 each way at 33/1 if your selection wins returns £208.00 winning payout
• £5 each way at 33/1 if your selection finishes 2nd place returns £38.00 winning payout
• £5 each way at 33/1 if your selection finishes 3rd place returns £38.00 winning payout
• £10 each way at 33/1 if your selection wins returns £416.00 winning payout
• £10 each way at 33/1 if your selection finishes 2nd place returns £76.00 winning payout
• £10 each way at 33/1 if your selection finishes 3rd place returns £76.00 winning payout

33 to 1 odds payout

If you place a bet on a 33/1 selection and win, your total payout will be 34.00, which is your stake back plus 33.00 in profit.

Here are some examples of 33-1 odds payouts:

• £1 bet on a 33/1 pick returns a total return of £34.00
• £5 bet on a 33/1 pick returns a total return of £170.00
• £10 bet on 33/1 returns a total return of £340.00
• £40 bet on 33/1 betting odds returns a total return of £1360.00
• £100 bet on 33/1 odds returns a total return of £3400.00
• £400 bet on 33/1 odds returns a total return of £13600.00

Facts About 33 to 1 Betting Odds

• 33-1 are fractional odds
• 33-1 betting odds are slightly shorter than 50-1
• 33-1 betting odds are somewhat larger than 25-1 odds
• 33-1 odds have a 2.94 per cent chance of winning
• 33-1 fractional odds in decimal odds is 34.00

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 33/1 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 33/1 returns a winning bets total return of £33
• 33/1 odds £5 free bet returns £165 win bets total
• 33/1 odds £10 free bet returns £330 bet wins total
• £20 free bet on 33/1 odds return £660.00 winning bets total
• £40 bet on 33/1 odds returns a total return of £1320.00

Summary of 33 to 1 Odds

If you have placed a bet on a 33-1 pick and it has won, then we have an odds calculator you can use to work out your returns on a 33/1 winner.

Fraction Odds	Decimal Odds	American	Probability
33/1	34	3300	2.90%

The bet calculator allows you to work out winnings on some of the following bets, where you might have a 33-1 shot in the bets:

• Online Round Robin Calculator
• Online Lucky 63 Calculator
• Online Trixie Calculator
• Online Lucky Fifteen Calculator

If you are looking to place a bet, then understanding the betting odds market is vital, 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 33-1 odds and betting markets utilise the new sportsbook bookmaker bonus offers they give in opening new accounts. The bookies incentivise signing up with amazing horse racing free bets online.

We hope your 33 1 odds pick is a winning selection, and please always gamble responsibly.