15-8 Betting Odds

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If you are wondering what 15 8 means in betting you have come to the right place.

The 15-8 odds of an event happening is the likelihood or probability of that result. 15-8 odds are popular in football betting and for horse racing events in the UK and are a shade shorter than 2-1 odds in the betting market.

In our 15-8 betting odds guide, we explain what 15 to 8 odds mean?, what is the 15 to 8 probability and show you what a 15 to 8 odds payout would be.

15-8 Betting Odds

What does 15-8 odds mean?

15-8 Betting Odds means that out of 23 possible outcomes, the 15-8 odds are that there will be 15 of one kind of outcome and 8 of another kind of outcome.

The 15-8 odds calculation means for every 23 betting events your selection should win 8 times and on 15 occasions the selection will not win.

15-8 Implied Probability

The 15-8 betting odds probability is a 65.22 per cent probability of a particular outcome and 34.78 per cent probability of another outcome.

The 15-8 odds implied probability means your selection has a 34.78% chance of winning and a 65.22% chance the selection will lose.

15-8 Odds Calculator

Here is a 15-8 odds calculator to work out the potential winnings of a 15-8 priced winner.

Enter Bet Details
# Outcome Odds Place Odds
Place Odds
Enter Bookmaker Bonuses
Total Outlay:

Total Return:

Total Profit:

How To Use The 15-8 odds payout calculator?

Here is the step-by-step guide on how to use the free online 15-8 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 15-8
  4. Select the ‘Stake’ wagered
  5. The 15-8 odds payout calculator will then work out total outlay, total return and total profit

Convert 15-8 Odds to American Moneyline Odds?

The conversion of 15-8 odds to American Moneyline odds is 187.5.

  • Conversion to American Odds is calculated by (2.875 – 1.0)* 100 = 187.5

Money line odds (aka “American” odds or “U.S.” odds) of 187.5 is the equivalent to 15-8 Fractional odds (aka “British” odds, “U.K.” odds, or “traditional” odds).

15-8 odds payout

If you wager a bet on a 15-8 betting odds selection and you win, your total payout will be 2.875 which is your stake back plus 1.875 profit.

Here are some examples of 15-8 odds payouts:

  • £1 bet on a 15/8 pick returns a total return of £2.88
  • £8 bet on 15/8 returns a total return of £23.00
  • £10 bet on 15/8 betting odds returns a total return of £28.75
  • £80 bet on 15/8 odds returns a total return of £230.00
  • £100 bet on 15/8 odds returns a total return of £287.50
  • £1000 bet on 15-8 odds returns a total return of £2875.00

Popular Questions

Are 15/8 Odds Good?

15/8 odds are great because for every £8 winning bet you will return £15 profit.

The 15-8 odds reflect the chances of your selection and bookmakers will think it has a good chance at 15/8.

Many punters ask if 15/8 odds good or bad and the boring answer is it depends on whether it is value for money in the betting market. A 15-8 winner is good odds and a 15/8 loser is bad odds.

What is 15-8 odds in decimal?

15/8 fractional odds is 2.88 in decimal.

The fractional odds of 15 to 8 in decimals is 2.88 which means for every £8 win stake you get £23 returns if it wins.

Facts About 15-8 Betting Odds

  • 15-8 are fractional odds
  • 15-8 betting odds are slightly shorter than 2-1
  • 15-8 betting odds are slightly larger than 7-4 odds
  • 15-8 is a short price in large field horse racing events
  • 15-8 odds is the outsider in a two-selection event
  • 15-8 odds have a 34.78 per cent of winning
  • 15-8 fractional odds in decimal odds is 2.875

Summary of 15-8 Odds

If you have placed a bet on a 15-8 pick and it has won then we have a free online betting calculator you can use to work out your returns on a 15/8 winner.

Fraction OddsDecimal OddsAmericanProbability

The bet calculator allows you to work out winnings on some of the following bets where you might have a 15-8 shot in the bets:

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 a 15-8 chance of winning you want to try and choose a bookmaker that offers the best odds guaranteed in May 2024.

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.