1-3 Betting Odds

If you are wondering what 1/3 means in betting, you have come to the right place.

The odds of an event occurring are the likelihood of that outcome. Odds of 1-3 are popular in football betting and in horse racing events in the UK, and are slightly shorter than 4-11 odds in the betting market.

In our 1-3 horse racing betting odds guide, we explain what 1 to 3 odds mean, what the 1 to 3 probability is, and show you what a 1 to 3 odds payout would be.

What does 1 to 3 odds mean?

1-3 Betting Odds means that, out of 4 potential outcomes, the 1/3 odds indicate 1 of one kind of outcome and 3 of another.

The 1-3 odds calculation means that for every four betting events, your selection should win 3 times and on one occasion the selection will not win.

1/3 Odds Calculator

Here is a 1-3 odds calculator to calculate the potential winnings of a 1/3-priced winner.

How To Use The 1-3 odds payout calculator?

Here is the step-by-step guide on how to use the free online 1-3 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 1-3
4. Select the ‘Stake’ wagered
5. The 1/3 odds payout calculator will then work out total outlay, total return and total profit

1 to 3 Implied Probability

The 1-3 betting odds represent a 25 per cent probability of one outcome and a 75 per cent probability of the other.

The 1/3 odds implied probability means your selection has a 75% chance of winning and a 25% chance of losing.

Convert 1-3 Odds to American Moneyline Odds?

The conversion of 1-3 odds to American Moneyline odds is -300.

• Conversion to American Odds is calculated by -100 / 0.3333 = -300

Money line odds (aka “American” odds or “U.S.” odds) of -300 are the equivalent of 1-3 Fractional odds (aka “British” odds, “U.K.” odds, or “traditional” odds).

1 to 3 odds payout

If you place a bet on a 1/3 odds selection and you win, your total payout will be 1.33, which is your stake back plus 0.33 in profit.

Here are some examples of 1-3 odds payouts:

• £1 bet on a 1/3 pick returns a total return of £1.33
• 1/3 odds £5 bet returns £6.67 including your stake back
• 1/3 odds £10 bet returns £13.33 including your stake back
• £30 bet on 1/3 betting odds returns a total return of £40.00
• £60 bet on 1/3 odds returns a total return of £80
• £600 bet on 1/3 odds returns a total return of £800

Facts About 1 to 3 Betting Odds

• 1-3 are fractional odds
• 1-3 betting odds are slightly shorter than 4-11
• 1-3 betting odds are somewhat larger than 2-7 odds
• 1-3 odds have a 75 per cent chance of winning
• 1-3 fractional odds in decimal odds is 1.33

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 1/3 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 1/3 returns a winning bets total return of £0.33
• 1/3 odds £5 free bet returns £1.67 win bets total
• 1/3 odds £10 free bet returns £3.33 bet wins total
• £60 free bet on 1/3 odds return £20.00 winning bets total
• £90 bet on 1/3 odds returns a total return of £30.00

Please bet responsibly, and when wagering on the 1-3 fractional betting odds market, be sure to check the terms and conditions to ensure your qualifying bet is eligible for horse racing free bet bonuses.

Summary of 1 to 3 Odds

If you have placed a bet on a 1-3 pick and it has won, you can use our odds calculator to work out your returns on a 1/3 winner.

Fraction Odds	Decimal Odds	American	Probability
1/3	1.33	-300	75%

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

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We hope your 1 to 3 odds pick is a winning selection. Please gamble responsibly.