If you are wondering what 15-2 means in betting you have come to the right place.
The 15-2 odds of an event happening is the likelihood or probability of that result. 15-2 odds are popular in football betting and for horse racing events in the UK and are a shade shorter than 8-1 odds in the betting market.
In our 15-2 betting online odds guide, we explain what 15-2 odds mean? What is the 15-2 probability and show you what a 15-2 odds payout would be.
Contents
What does 15-2 odds mean?
15-2 Betting Odds means that out of 17 possible outcomes, the 15-2 odds are that there will be 15 of one kind of outcome and 2 of another kind of outcome.
The 15-2 odds calculation means for every 17 betting events your selection should win 2 times and on 15 occasions the selection will not win.
15-2 Odds Calculator
Here is a 15/2 odds calculator to work out the potential winnings of a 15-2 priced winner.
How To Use The 15-2 odds payout calculator?
Here is the step-by-step guide on how to use the free online 15-2 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 15-2
- Select the ‘Stake’ wagered
- The 15/2 odds payout calculator will then work out total outlay, total return and total profit
15-2 Implied Probability
The 15-2 betting odds probability is an 88.24 per cent probability of a particular outcome and an 11.76 per cent probability of another outcome.
The 15/2 odds implied probability means your selection has an 11.76% chance of winning and an 88.24% chance the selection will lose.
Convert 15-2 Odds to American Moneyline Odds?
The conversion of 15-2 odds to American Moneyline odds is 750.
- Conversion to American Odds is calculated by (8.5 – 1.0)* 100 = 750
Money line odds (aka “American” odds or “U.S.” odds) of 750 is the equivalent to 15-2 Fractional odds (aka “British” odds, “U.K.” odds, or “traditional” odds).
15-2 odds payout
If you wager a bet on a 15/2 betting odds selection and you win, your total payout will be 8.50 which is your stake back plus 7.50 profit.
Here are some examples of 15-2 odds payouts:
- £1 bet on a 15/2 pick returns a total return of £8.50
- £4 bet on a 15/2 pick returns a total return of £34.00
- £10 bet on 15/2 returns a total return of £85.00
- £40 bet on 15/2 betting odds returns a total return of £340.00
- £100 bet on 15/2 odds returns a total return of £850.00
- £400 bet on 15/2 odds returns a total return of £3400.00
Popular Questions
Are 15/2 Odds Good?
15/2 odds are great because for every £2 winning bet you will return £15 profit.
The 15-2 odds reflect the chances of your selection and bookmakers will think it has a good chance at 15/2.
At 15-2 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 15/2 odds good or bad and the boring answer is it depends on whether it is value for money in the betting market. A 15-2 winner is good odds and a 15/2 loser is bad odds.
What is 15-2 odds in decimal?
15/2 fractional odds is 8.5 in decimal.
The fractional odds of 15 to 2 in decimals is 8.5 which means for every £2 win stake you get £17 returns if it wins.
Facts About 15-2 Betting Odds
- 15-2 are fractional odds
- 15-2 betting odds are slightly shorter than 8-1
- 15-2 betting odds are slightly larger than 7-1 odds
- 15-2 odds have an 11.76 per cent of winning
- 15-2 fractional odds in decimal odds is 8.50
Summary of 15 to 2 Odds
If you have placed a bet on a 15-2 pick and it has won then we have a betting online calculator you can use to work out your returns on an 15/2 winner.
| Fraction Odds | Decimal Odds | American | Probability |
| 15/2 | 8.5 | 750 | 11.80% |
The bet calculator allows you to work out winnings on some of the following bets where you might have an 15-2 shot in the bets:
When you are looking to place bets on the best horse racing betting brands online or through your mobile phone on the best sportsbook betting apps if your selection is a 15-2 chance of winning you want to try and choose an betting brands offering the BOG bonus in May 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.
