66/1 Odds – How Much Will YOU Win? Get the (QUICK) Answer

You’ve seen an incredible betting opportunity at 66/1, but how much could you win if your chickens come home??

Luckily for you, working out this bet isn’t too difficult. 66/1 or any odds you’d like to name have a very simple formula.

The first number (66) is the amount you’ll win from wagering the second number (1). You simply multiply the odds by your stake, and hey presto, that’s what you could win!

QUICK GUIDE TO 66/1 BET RETURNS

WIN BETS

£1 @ 66/1 = £66
£2 @ 66/1 = £132
£5 @ 66/1 = £330
£10 @ 66/1 = £660
£25 @ 66/1 = £1,650
£50 @ 66/1 = £3,300
£100 @ 66/1 = £6,600

EACH WAY BETS (2nd, 3rd or 4th Place)

£1 @ 66/1 = £16.50
£2 @ 66/1 = £33.00
£5 @ 66/1 = £82.50
£10 @ 66/1 = £165
£25 @ 66/1 = £412.50
£50 @ 66/1 = £825.00
£100 @ 66/1 = £1650.00

Amounts above do not include returned stakes and assume the bet is settled each way at a quarter odds.

As a handy example, a £1 winning bet at 66/1 will payout £66, plus you get your original £1 back. If you increase that to £2, you’ll get £132 back plus your £2 bet.

If your each-way bet wins the race, you can add together the win bet column and place column (above) to get the correct amount.

For example, a £10 win at 66/1 pays £660 + £10 each way at 66/1 pays out £165, giving you a total of £825 plus your stake is returned.

66/1 is an extraordinary return on a bet, and if you have had a tip, it may be worth a punt. Ordinarily, any sport that offers 66/1 generally means that the team, horse or greyhound is statistically unlikely to win.

However, in some sporting events, the outsiders have a better chance of winning than the favourites.

Working Out The Maths

Auroras Encore in the 2013 Grand National anyone?? Yes, the Sue Smith-trained 11-year-old defied the odds and romped home at 66/1, giving many people a fantastic windfall, and that’s where you need to be looking when considering bets with such large odds.

Horse races with big fields of runners can often be an excellent opportunity to bag a cheeky win.

The only time 66/1 becomes a little more complicated is when you’ve backed a horse at 66/1 each-way. Don’t panic just yet, it also has an easy maths formula to follow, which works like this.

When you back a horse each way, it can finish 1st, 2nd, 3rd, and in some races, even 4th place an 5th place, and you could still win.

There are two parts to the each-way bet, and both have an equal stake, e.g. a £1 Each Way bet will have £1 on the ‘Win’ and £1 on the ‘Place’ for a total bet of £2.

If the horse is ‘Placed’, which means it finishes in 2nd, 3rd or 4th, you’ll get a quarter of the quoted odds.

In this case, the quoted odds are 66/1, so you will be paid out at 16.5/1. A £1 each way bet (total cost £2) will win you £16.50 + £1 stake returned. However, you will lose the £1 part of the stake that was on the win.

If your horse finishes first, you’ll win £66 (Win bet) + £1 (Stake) + £16.50 (Place bet at 1/4 odds) + £1 (Stake) for a total of £84.50.

So there you have it, 66/1 explained in simple ; I’ve added a payout guide above for some common bets placed at 66/1.

However, you can use our online bet calculator to work out other odds and stake combinations.

If you’re interested in placing bets online with a reputable bookmaker, then bookmakers?

Betting on Longshots

When it comes to betting on sports, there’s always a risk involved. But have you ever considered betting on the underdog?

The longshot, as they call it, is a risky but potentially rewarding bet that can lead to big payouts if successful.

However, not all sports are created equal when it comes to betting on longshots. So, what sporting events do the longshots have a chance of winning?

Below I’ll explore the top sports where betting on longshots can result in significant payouts, taking into factors such as the number of competitors, the format of the competition, and the level of skill required to succeed.

1. Horse Racing

Horse racing is one of the classic sports for betting on longshots. With a large field of horses competing in each race, the chance of an upset is always present.

In horse racing, anything can happen, and a relative unknown can come out of nowhere to win big. That’s why it’s one of the most popular sports for betting on underdogs.

2. Golf

Golf is another sport that offers plenty of opportunities for betting. With a smaller field of competitors, it’s easier for an underdog to rise to the top and claim victory.

In golf, a player’s performance can be impacted by various factors, including weather conditions, course layout, and even their mental state.

These variables make it easier for outsiders to surprise the field and win.

3. Tennis

Tennis is a sport that’s ideal for betting, particularly in tournaments where the format is single elimination.

In these types of tournaments, a lower-ranked player only needs to win a few matches to advance to the later rounds and compete against the top players.

This can create opportunities for long shots to make a run and potentially win the tournament.

4. Football

Football is a sport that’s renowned for its upsets and surprises. With 11 players on each team and many different variables to consider, there’s always a chance that an underdog can come out on top.

Whether it’s due to a lucky bounce or a standout performance from a player, any team has the potential to win big in soccer.

5. Basketball

Basketball is another sport that offers opportunities for betting on outsiders. The fast-paced nature of the game and the reliance on individual skills means that any team can beat any other team on any given day.

This unpredictability makes it an attractive option for those looking to place a bet on an underdog.

Odds Reflect The Risk

When betting on sporting outcomes with big odds, it’s essential to consider the sport and the format of the competition.

Sports like horse racing, golf, tennis, soccer, and basketball are all ideal for betting on underdogs because they offer the potential for unexpected outcomes.

It’s also important to consider the number of competitors and the level of skill required to succeed.

Sports with a larger field of competitors and a lower level of skill required tend to offer better opportunities for betting on markets with bigger odds.

On the other hand, sports with fewer competitors and a higher level of skill required tend to be more predictable and offer fewer opportunities for betting on underdogs.

In addition to the sport and competition format, it’s also crucial to consider the odds and the payout. Typically longer odds, meaning the potential payout is much higher if they win.

However, it’s also important to that the odds reflect the likelihood of said win, so it’s essential to weigh up the risk vs reward before placing a bet.

FAQs:

What is a long shot in betting?
In betting this refers to a less likely outcome or underdog in a competition.

You’re betting on the underdog to win, and the potential payout is much higher if they do.

What are the best sports to bet on longshots?
The best sports to bet on are horse racing, golf, tennis, soccer, and basketball, which offer the potential for unexpected outcomes and upsets.

What factors should be considered?
It’s essential to consider the sport, the format of the competition, the number of competitors, the level of skill required to succeed, the odds, and the potential payout.

Can longshots win in every sport?
No, they cannot win in every sport. The likelihood of an underdog winning varies depending on the sport and the competition format.

How do I know if it is a good bet?
It is a good bet if the potential payout is high relative to the risk involved.

It’s essential to consider the odds and weigh up the risk vs reward before placing a bet.

What is the difference between betting on favourites and betting on longshots?
When betting on favourites, you’re betting on the most likely outcome, and the potential payout is lower.

When betting on longshots, you’re betting on the less likely outcome, and the potential payout is much higher if they win.

Conclusion:

Betting on events with bigger odds can be a risky but potentially rewarding way to bet on sports.

By considering the sport, the format of the competition, the number of competitors, the level of skill required to succeed, the odds, and the potential payout, you can increase your chances of success when betting on underdogs.

However, it’s essential to that risk is always involved, and long shots don’t win that often.

It’s crucial to weigh the risk vs reward and make an informed decision before placing a bet.