8/11 odds are expressed in fractional odds format, also known as “British odds.” These odds consist of two numbers separated by a slash (/). In the case of 8/11 odds:
- The “8” on the left side represents the potential profit.
- The “11” on the right side represents the amount you need to wager (your stake).
To calculate your potential profit, you would multiply your stake by the first number and then divide by the second number. So, for 8/11 odds:
Potential Profit = (Stake × 8) / 11
For example, if you bet $110 with 8/11 odds:
Potential Profit = ($110 × 8) / 11 ≈ $80
So, with 8/11 odds, a $110 bet could potentially yield a profit of approximately $80, making your total return (including your original stake) approximately $190 if your bet is successful. These odds indicate that the outcome is more likely to happen, which is why the potential profit is smaller compared to your stake.