If you are wondering what 1 to 1 means in betting you have come to the right place.
The 1 to 1 odds of an event happening is the likelihood or probability of that result. 1-1 odds are popular in racing and football betting and are a shade shorter than 11-10 odds in the betting market.
Odds of 1/1 are known as evens or even money.
In our 1/1 betting odds guide, we explain what 1 to 1 odds means, what is the 1 to 1 probability and show you what a 1 to 1 odds payout would be.
Find out more about even money betting today:
- 1 What Does 1 to 1 Odds Mean?
- 2 1/1 Odds Calculator
- 3 1 to 1 Implied Probability
- 4 Convert 1-1 Odds to American Moneyline Odds?
- 5 1 to 1 Odds Payout
- 6 Facts About 1 to 1 Betting Odds
- 7 UK Bookmakers 1-1 Free Bets
- 8 Popular Questions
- 9 Evens Betting Odds on Multiple Bets
- 10 Even Money Odds Summary
- 11 Other Betting Odds Explained
What Does 1 to 1 Odds Mean?
1-1 Betting Odds means that out of 2 potential outcomes, the 1/1 odds are that there will be 1 of one kind of outcome and 1 of another kind of outcome.
The 1-1 odds calculation means for every 2 betting events your selection should win 1 time and on 1 occasion the selection will not win.
1/1 Odds Calculator
Here is a 1/1 odds calculator to work out the potential winnings of a 1-1 priced winner.
How To Use The 1/1 odds payout calculator?
Here is the step-by-step guide on how to use the free online 1/1 odds calculator:
- ‘Bet Type’ will already be selected as a single bet
- Select the ‘Outcome’ of “Winner”, “Placed”, “Lost”, “Dead Heat”, “Void” or “Non-runner”
- Select the ‘Odds’ of 1-1
- Select the ‘Stake’ wagered
- The 1/1 odds payout calculator will then work out total outlay, total return and total profit
1 to 1 Implied Probability
The 1-1 betting odds probability is a 50 per cent probability of a particular outcome and a 50 per cent probability of another outcome.
The 1/1 odds implied probability means your selection has a 50% chance of winning and a 50% chance the selection will lose.
Convert 1-1 Odds to American Moneyline Odds?
The conversion of 1-1 odds to American Moneyline odds is 100.
- Conversion to American Odds is calculated by (2.0 – 1.0)* 100 = 100
Money line odds (aka “American” odds or “U.S.” odds) of 100 is the equivalent to 1-1 Fractional odds (aka “British” odds, “U.K.” odds, or “traditional” odds).
1 to 1 Odds Payout
If you wager a bet on a 1/1 betting odds selection and you win, your total payout will be 2.0 which is your stake back plus 1.0 profit.
Here are some examples of 1-1 odds payouts:
- £1 bet on an Even Money pick returns a total return of £2
- £10 bet on Even Money betting odds returns a total return of £20
- £80 bet on Even Money odds returns a total return of £160
- £100 bet on Even Money odds returns a total return of £200
- £1000 bet on Even Money odds returns a total return of £2000
Facts About 1 to 1 Betting Odds
- 1-1 are fractional odds
- 1-1 betting odds are slightly shorter than 11-10
- 1-1 betting odds are slightly larger than 10-11 odds
- 1-1 odds have a 50 per cent of winning
- 1-1 fractional odds in decimal odds is 2.0
UK Bookmakers 1-1 Free Bets
When new customers sign up to UK bookmakers they usually receive a free bet welcome bonus.
If you are wondering how the 1/1 odds work when placing bets on sports betting markets with a free bet we can work out your winning bets potential outcomes.
When you have placed a qualifying bet to receive free bets it is worth understanding on any free bet wins you do not get your stake back.
- £1 free bet on a 1/1 returns a winning bets total return of £1
- 1/1 odds £5 free bet returns £5 win bets total
- 1/1 odds £10 free bet returns £10 bet wins total
- £30 free bet on 1/1 odds return £30 winning bets total
- £300 bet on 1/1 odds returns a total return of £300.00
Are Even Money Odds Good?
1/1 odds are great because for every £10 winning bet you will return £10 profit.
The 1-1 odds reflect the chances of your selection and bookmakers will think it has a good chance at 1/1.
Many punters ask if 1-1 odds good or bad and the boring answer is it depends on whether it is value for money in the betting market. A 1-1 winner is good odds and a 1/1 loser is bad odds.
What is 1-1 odds in decimal?
1-1 fractional odds is 2.0 in decimal.
The fractional odds of 1 to 1 in decimals is 2.0 which means for every £10 win stake you get £20 returns if it wins.
Evens Betting Odds on Multiple Bets
If you have placed a bet on an Evens pick and it has won then we have a free online betting calculator you can use to work out your returns on an even money winner.
|Fraction Odds||Decimal Odds||American||Probability|
The bet calculator allows you to work out winnings on some of the following bets where you might have a 1-1 shot in the bets:
- Lucky 15 bet calculator returns
- Lucky 31 bet calculator returns
- Yankee bet calculator returns
- Patent bet calculator returns
When you are looking to place bets on the best horse racing betting sites online or through your mobile phone on the best betting applications if your selection is an evens chance of winning you want to try and choose a bookmaker that offers the best odds guaranteed in November 2023.
Even Money Odds Summary
We hope you have found our even odd (or 1-1 odds) guide helpful.
If you are looking to place a bet then understanding the betting odds market is important as you want to choose your picks based on the value in the betting ring. Getting odds explained can be tricky so we hope this has helped.
Other Betting Odds Explained
Here are all the betting odds guides we have created at British Racecourses to help you understand how betting odds work:
- 1-1 Betting Odds
- 1-2 Betting Odds
- 1-3 Betting Odds
- 1-5 Betting Odds
- 10-1 Betting Odds
- 10-11 Betting Odds
- 10-3 Betting Odds
- 100-1 Betting Odds
- 11-10 Betting Odds
- 11-2 Betting Odds
- 11-4 Betting Odds
- 11-5 Betting Odds
- 11-8 Betting Odds
- 12-1 Betting Odds
- 12-5 Betting Odds
- 13-2 Betting Odds
- 13-5 Betting Odds
- 13-8 Betting Odds
- 14-1 Betting Odds
- 15-2 Betting Odds
- 15-8 Betting Odds
- 16-1 Betting Odds
- 16-5 Betting Odds
- 2-1 Betting Odds
- 2-5 Betting Odds
- 20-1 Betting Odds
- 25-1 Betting Odds
- 3-1 Betting Odds
- 33-1 Betting Odds
- 4-1 Betting Odds
- 4-11 Betting Odds
- 4-5 Betting Odds
- 4-6 Betting Odds
- 4-7 Betting Odds
- 4-9 Betting Odds
- 5-1 Betting Odds
- 5-2 Betting Odds
- 5-4 Betting Odds
- 5-6 Betting Odds
- 50-1 Betting Odds
- 6-1 Betting Odds
- 6-4 Betting Odds
- 6-5 Betting Odds
- 66-1 Betting Odds
- 7-1 Betting Odds
- 7-2 Betting Odds
- 7-4 Betting Odds
- 7-5 Betting Odds
- 8-1 Betting Odds
- 8-11 Betting Odds
- 8-13 Betting Odds
- 8-15 Betting Odds
- 8-5 Betting Odds
- 9-1 Betting Odds
- 9-2 Betting Odds
- 9-4 Betting Odds
- 9-5 Betting Odds
- Betting Odds Drifting
- Betting Odds Shortening
- Convert Fractional Odds To Decimal Odds
- How To Understand Betting Odds
- Starting Price Betting
Many punters who understand the 1-1 odds and betting markets utilise the new bookmaker’s special offers they give in opening new accounts and the bookies incentivise signing up with horse racing free bet bonuses.
We hope your 1 to 1 odds pick is a winning selection and please always gamble responsibly.