How Much Do I Get For £1 Bet On 15/2 Odds

[gordiescotland1]

Hi I put a £1 bet on England winning 2-1 tonight and they did. The odds were 15/2 no idea how much I get back. Does anyone know?

[pixie374]

£7.50 plus your pound

[douglas9401]

About eight quid

[hc4361]

Around £8

[Buenchico]

15/2 = 7.5/1 , so you get £7.50 for each £1 you put on.

As you also get your stake back, that's £8.50 to come.

[Calibax]

£7.50 plus your stake back

[Tilly2]

Better than a poke in the eye with a sharp stick, Gordie. Well done!

[-Talbot-]

Think of it this way... if you had put 2 quid on @ 15/2 how much would you expect to get back?

[Togo]

Now put that £7.50 on England to reach the Final at 13/2 (6.5/1)
Nice £56.25 payout for that.

[Old_Geezer]

What about tax ?

[Buenchico]

You're a bit out of date, O_G!

Gordon Brown abolished Betting Duty in his 2001 Budget (with effect from 1 January 2002).

[Old_Geezer]

Last time I bet was probably before then.

[Ken4155]

Unless it was a free bet from a newspaper, gordie. In which case, you just get the £7.50.

[aelmpvw]

bet you weren't very happy when ninety minutes were up ...