8-15 Betting Odds

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

The 8 to 15 odds of an event happening is the likelihood or probability of that result. 8-15 odds are popular in football betting and for horse racing events in the UK and are a shade shorter than 4-7 in the betting market.

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

What does 8 to 15 odds mean?

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

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

8/15 Odds Calculator

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

How To Use The 8/15 odds payout calculator?

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

8 to 15 Implied Probability

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

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

Convert 8-15 Odds to American Moneyline Odds?

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

• Conversion to American Odds is calculated by -100 / 0.53333 = -187.5

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

8 to 15 odds payout

If you wager a bet on an 8/15 betting odds selection and you win, your total payout will be 1.53 which is your stake back plus 0.53 profit.

Here are some examples of 8-15 odds payouts:

• £1 bet on an 8/15 pick returns a total return of £1.53
• £15 bet on 8/15 returns a total return of £23
• £150 bet on 8/15 betting odds returns a total return of £230
• £300 bet on 8/15 odds returns a total return of £460

Facts About 8 to 15 Betting Odds

• 8-15 are fractional odds
• 8-15 betting odds are slightly shorter than 4-7
• 8-15 betting odds are slightly larger than 1-2
• 8-15 odds have a 65.22 per cent of winning
• 8-15 fractional odds in decimal odds is 1.53

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 8/15 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 8/15 returns a winning bets total return of £0.53
• 8/15 odds £5 free bet returns £2.66 win bets total
• 8/15 odds £10 free bet returns £5.33 bet wins total
• £75 free bet on 8/15 odds return £40.00 winning bets total
• £150 bet on 8/15 odds returns a total return of £80.00

Summary of 8 to 15 Odds

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

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

• Lucky 15 bet calculator winnings
• Lucky 31 bet calculator winnings
• Yankee bet calculator winnings
• Patent bet calculator winnings

When you are looking to place bets on the top horse racing betting sites online or through your mobile phone on the top betting applications if your selection is a 8-15 chance of winning you want to try and choose a bookie that offers the best odds guaranteed in October 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.

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

Many punters who understand the 8-15 odds and betting markets utilise the new bookies special offers they give in opening new accounts and the bookies incentivise signing up with horse racing free betting bonuses.

We hope your 8 to 15 odds pick is a winning selection and please always gamble responsibly.