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What does 33 to 1 mean in horse racing?

The 33-1 betting odds probability is a 97.06 per cent probability of a particular outcome and a 2.94 per cent probability of another outcome. The 33/1 odds implied probability means your selection has a 2.94% chance of winning and a 97.06% chance the selection will lose.

britishracecourses.org - 33-1 Betting Odds - What do odds of 33 to 1 mean? - British Racecourses

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33-1 Betting Odds

If you are wondering what 33/1 means in betting you have come to the right place. The 33 to 1 odds of an event happening is the likelihood or probability of that result. 33-1 odds are popular in football betting and for horse racing events in the UK and are a shade shorter than 50-1 odds in the betting market. In our 33-1 horse racing betting odds guide, we explain what 33 to 1 odds mean?, what is the 33 to 1 probability and show you what a 33 to 1 odds payout would be.

What does 33 to 1 odds mean?

33-1 Betting Odds means that out of 34 possible outcomes, the 33/1 odds are that there will be 33 of one kind of outcome and 1 of another kind of outcome. The 33-1 odds calculation means for every 34 betting events your selection should win 1 time and on 33 occasions the selection will not win.

33-1 Odds Calculator

Here is a 33/1 odds calculator to work out the potential winnings of a 33-1 priced winner.

Total Return:

Total Profit:

How To Use The 33/1 odds payout calculator?

Here is the step-by-step guide on how to use the free online 33-1 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 33-1 Select the ‘Stake’ wagered The 33/1 odds payout calculator will then work out total outlay, total return and total profit

33 to 1 Implied Probability

Convert 33-1 Odds to American Moneyline Odds?

The conversion of 33-1 odds to American Moneyline odds is 3300.

Conversion to American Odds is calculated by (34.0 – 1.0)* 100 = 3300 Money line odds (aka “American” odds or “U.S.” odds) of 3300 is the equivalent to 33-1 Fractional odds (aka “British” odds, “U.K.” odds, or “traditional” odds).

33 to 1 odds payout

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If you wager a bet on a 33/1 betting odds selection and you win, your total payout will be 34.00 which is your stake back plus 33.00 profit.

Here are some examples of 33-1 odds payouts:

£1 bet on a 33/1 pick returns a total return of £34.00

£5 bet on a 33/1 pick returns a total return of £170.00

£10 bet on 33/1 returns a total return of £340.00

£40 bet on 33/1 betting odds returns a total return of £1360.00

£100 bet on 33/1 odds returns a total return of £3400.00

£400 bet on 33/1 odds returns a total return of £13600.00

Popular Questions Are 33/1 Odds Good? 33/1 odds are great because for every £1 winning bet you will return £33 profit. The 33-1 odds reflect the chances of your selection and bookmakers will think it has a good chance at 33/1. At 33-1 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 33/1 odds good or bad and the boring answer is it depends on whether it is value for money in the betting market. A 10-1 winner is good odds and a 33/1 loser is bad odds. What is 33-1 odds in decimal? 33/1 fractional odds is 34 in decimal. The fractional odds of 33 to 1 in decimals is 34.00 which means for every £1 win stake you get £34 returns if it wins.

Facts About 33 to 1 Betting Odds

33-1 are fractional odds

33-1 betting odds are slightly shorter than 50-1

33-1 betting odds are slightly larger than 25-1 odds

33-1 odds have a 2.94 per cent of winning

33-1 fractional odds in decimal odds is 34.00

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 33/1 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.

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£1 free bet on a 33/1 returns a winning bets total return of £33

33/1 odds £5 free bet returns £165 win bets total

33/1 odds £10 free bet returns £330 bet wins total

£20 free bet on 33/1 odds return £660.00 winning bets total

£40 bet on 33/1 odds returns a total return of £1320.00

Summary of 33 to 1 Odds

If you have placed a bet on a 33-1 pick and it has won then we have an odds calculator you can use to work out your returns on a 33/1 winner.

Fraction Odds Decimal Odds American Probability 33/1 34 3300 2.90%

The bet calculator allows you to work out winnings on some of the following bets where you might have a 33-1 shot in the bets: 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 33-1 chance of winning you want to try and choose an online bookmaker offering BOG bonus in January 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. Many punters who understand the 33-1 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 33 to 1 odds pick is a winning selection and please always gamble responsibly.

britishracecourses.org - 33-1 Betting Odds - What do odds of 33 to 1 mean? - British Racecourses

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