3 ms·

In UK gambling conventions, 8/1 means you win £8 on a £1 bet. So 12.5% chance, if the bookie is a non profit.

• mmahemoff 14y ago
  Close :). You receive £9 on a £1 bet (you get your outlay back), so it's 1/9 ~ 11.1% http://www.isfa.com/odds-probability-chart.php http://www.isfa.com/odds-probability-chart.php
  • netcan 14y ago
    you're right. oops.