What Does 80/1 Mean in Betting?

If you’re new to betting, you may be wondering what 80/1 means. It’s not something you’ll hear often, but it’s definitely something you’ll see around the racetrack or at the sportsbooks. In fact, if you’re not totally sure what it means, you may even wonder if it’s safe to place a bet on the 80/1 horse or the 1/80 dog.

Here’s a quick refresher on what 80/1 means: It’s the odds on a horse or dog (usually) bet between one and two units. So, if you want to place a $100 bet on the upcoming horse race, you’d need to put down a $20 unit of cash (or cryptocurrency) to do so.

If you’re looking for a safe place to store your cryptocurrency, you may want to consider placing it in a digital wallet where you can keep watch over your funds and gain extra peace of mind. There are many digital wallets that support cryptocurrency storage and most modern smartphones have the capability to act as a wallet.

Why Is It Safe to Place a Bet On The 80/1s?

With the exception of the Super Bowl, baseball’s opening weekend, and a select few other sporting events, most wagering takes place on sporting events considered to be of lesser importance. Meaning, when the majority of people are placing bets, the games aren’t considered major events yet.

Because of this, you can usually find good betting odds for less mainstream events like harness racing or greyhound racing. Not only does this mean you can place a safe bet, but you can also find opportunities to make some serious profit if you’re skilled enough. You don’t want to miss out on the chance to make a lot of extra cash just because the games aren’t considered important.

How Do I Calculate The Odds?

If you have a general idea of the outcome you think the game will settle on, you can use our recommended betting calculator to get the odds for any sportsbook in the world. Just make sure you know which outcome you’re calculating the odds of (home win, draw, or away win) when you click the button.

This tool is super-helpful because it allows you to quickly check the odds for different outcomes without having to manually input them. Instead, you can use the calculator to find the odds for any combination of wins, losses, and ties.

What Are The Most Popular Betting Odds?

With our recommended betting calculator, you can get the odds for any sportsbook in the world (in the United States, that is) when you enter your email address and password. This tool will generate a link that you can click to continue to the sportsbook of your choice. From there, you can use the search bar to find the odds of any sporting event.

Below are the most popular betting odds for select events as of April 2020:

  • 2020 Presidential Election, popular vote
  • NHL Regular Season
  • NHL Stanley Cup Playoffs, series seed
  • WWE WrestleMania, outcome
  • Indianapolis 500
  • English Premier League
  • French Open
  • German Open
  • Italian Open
  • Australian Open
  • US Open
  • Canadian Open

You can also use the search bar to find the odds for any horse race or dog race. Below are some of the most popular odds for select events as of March 2020:

  • 2020 Presidential Election, popular vote
  • NHL Regular Season
  • NHL Stanley Cup Playoffs, series seed
  • WWE WrestleMania, outcome
  • Indianapolis 500
  • English Premier League
  • French Open
  • German Open
  • Italian Open
  • Australian Open
  • US Open
  • Canadian Open

What Should I Keep In Mind While Placing A Bet?

While it’s generally safe to place a bet on the 80/1s, there are a few things you should keep in mind. Most notably, you should avoid betting on outcomes you’re unsure of. If you have no idea whom you’re backing or if the team you like will win, start with smaller bets and build up to a larger wager. Not only does this allow you to get a feel for the odds of each outcome, but it also gives you the opportunity to hedge your bets if you’re on the wrong side of the ledger. For instance, if you’re backing the Boston Red Sox and they’re playing the New York Yankees, you may want to consider selling some of your Red Sox tickets for a few dollars to make up the difference.

Along these same lines, if you’re betting on a team you feel is overrated, you may want to consider betting against them. This may seem like a risky move, but it’s really not. You may feel that the overrated team is due for a letdown at some point, which is why you’re backing the underdogs. However, if the overrated team wins, this is usually the point at which you’ll want to cover your bet or else risk blowing your wager. In both cases, you’ll simply need to adjust your wager accordingly and continue betting the overrated team in the future. Don’t get discouraged if your first few bets don’t settle the way you’d like. Many new and experienced gamblers learn this the hard way. Just keep in mind what you’re trying to accomplish and continue practicing.

To help you practice placing bets, we have created a free, no-risk trial at Bet.ag where you can try out our sportsbook and casino apps. Just click here to get started and you’ll be landing on our secure and verified trial page. From there, you can either click the button to continue to our sportsbook or casino, or you can download our apps from either Google Play or the App Store. Either way, you’ll be able to enjoy a safe and profitable gambling experience. With so much competition, it’s essential to stand out from the crowd. Our goal is to provide you with the best possible experience during your trial run. To that end, we have designed our apps to provide relevant and useful information to enhance your betting experience. So, even if you’re not sure what 80/1 means, our apps will be able to help you find the answer you’re looking for while also providing useful tips on how to increase your winnings.