7-1 Betting Odds
If you are wondering what 7/1 means in betting you have come to the right place.
The 7 to 1 odds of an event happening is the likelihood or probability of that result. 7-1 odds are popular in football betting and for horse racing events in the UK and are a shade shorter than 15-2 odds in the betting market.
In our 7-1 horse racing betting odds guide, we explain what 7 to 1 odds mean?, what is the 7 to 1 probability and show you what a 7 to 1 odds payout would be.
- 1 7/1 Odds Calculator
- 2 What does 7 to 1 odds mean?
- 3 7 to 1 Implied Probability
- 4 Convert 7-1 Odds to American Moneyline Odds?
- 5 7 to 1 odds payout
- 6 Popular Questions
- 7 Facts About 7 to 1 Betting Odds
- 8 UK Bookmakers Free Bets
- 9 Summary of 7 to 1 Odds
7/1 Odds Calculator
Here is a 7/1 odds calculator to work out the potential winnings of a 7-1 priced winner.
How To Use The 7/1 odds payout calculator?
Here is the step-by-step guide on how to use the free online 7/1 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 7-1
- Select the ‘Stake’ wagered
- The 7/1 odds payout calculator will then work out total outlay, total return and total profit
What does 7 to 1 odds mean?
7-1 Betting Odds means that out of 8 possible outcomes, the 7/1 odds are that there will be 7 of one kind of outcome and 1 of another kind of outcome.
The 7-1 odds calculation means for every 8 betting events your selection should win 1 time and on 7 occasions the selection will not win.
7 to 1 Implied Probability
The 7-1 betting odds probability is an 87.50 per cent probability of a particular outcome and a 12.50 per cent probability of another outcome.
The 7/1 odds implied probability means your selection has a 12.50% chance of winning and an 87.50% chance the selection will lose.
Convert 7-1 Odds to American Moneyline Odds?
The conversion of 7-1 odds to American Moneyline odds is 700.
- Conversion to American Odds is calculated by (8.0 – 1.0)* 100 = 700
Money line odds (aka “American” odds or “U.S.” odds) of 700 is the equivalent to 7-1 Fractional odds (aka “British” odds, “U.K.” odds, or “traditional” odds).
7 to 1 odds payout
If you wager a bet on a 7/1 betting odds selection and you win, your total payout will be 8.00 which is your stake back plus 7.00 profit.
Here are some examples of 7-1 odds payouts:
- £1 bet on a 7/1 pick returns a total return of £8.00
- £5 bet on a 7/1 pick returns a total return of £40.00
- £10 bet on 7/1 returns a total return of £80.00
- £40 bet on 7/1 betting odds returns a total return of £320.00
- £100 bet on 7/1 odds returns a total return of £800.00
- £400 bet on 7/1 odds returns a total return of £3200.00
Are 7/1 Odds Good?
7/1 odds are great because for every £1 winning bet you will return £7 profit.
The 7-1 odds reflect the chances of your selection and bookmakers will think it has a good chance at 7/1.
At 7-1 horse odds you could look to bet each way and still show a good profit if the selection is only placed.
Many punters ask if 7/1 odds good or bad and the boring answer is it depends on whether it is value for money in the betting market. A 7-1 winner is good odds and a 7/1 loser is bad odds.
What is 7-1 odds in decimal?
7/1 fractional odds is 8 in decimal.
The fractional odds of 7 to 1 in decimals is 8.00 which means for every £1 win stake you get £8 returns if it wins.
Facts About 7 to 1 Betting Odds
- 7-1 are fractional odds
- 7-1 betting odds are slightly shorter than 15-2
- 7-1 betting odds are slightly larger than 13-2 odds
- 7-1 odds have a 12.50 per cent of winning
- 7-1 fractional odds in decimal odds is 8.00
UK Bookmakers Free Bets
When new customers sign up to UK bookmakers they usually receive a free bet welcome bonus.
If you are wondering how the 7/1 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 7/1 returns a winning bets total return of £7
- 7/1 odds £5 free bet returns £35 win bets total
- 7/1 odds £10 free bet returns £70 bet wins total
- £20 free bet on 7/1 odds return £140.00 winning bets total
- £40 bet on 7/1 odds returns a total return of £280.00
Summary of 7 to 1 Odds
If you have placed a bet on a 7-1 pick and it has won then we have an odds calculator you can use to work out your returns on a 7/1 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 7-1 shot in the bets:
- Online Round Robin Calculator
- Online Lucky 63 Calculator
- Online Trixie Calculator
- Online Lucky Fifteen Calculator
When you are looking to place bets on the top-rated horse racing betting websites online or through your mobile phone on the best sportsbook betting apps if your selection is a 7-1 chance of winning you want to try and choose an online bookmaker offering BOG bonus in March 2023.
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.
Here are all the betting odds guides we have created at British Racecourses.
- 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
- How To Understand Betting Odds
- Starting Price Betting
Many punters who understand the 7-1 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 7 to 1 odds pick is a winning selection and please always gamble responsibly.