What is a Pay Out? Pay Out In Betting Explained

The pay out is the amount of money given back to a bettor by a bookmaker as the result of a successful bet. Calculating the exact pay out available on a particular bet will depend up the amount of money wagered, the odds offered by the bookmaker and the type of bet which was placed. When placing a bet it’s important to work out exactly what the pay out will be in order to ascertain whether it is genuinely a bet worth placing.

Our Top 5 Favorite Sportsbooks

1.

4.6/5

Bet365 Review

Bet $5 Get $200 or $1000 First Bet Safety Net

Players from Virginia accepted

Bet now

Whatever the sport. Whatever the moment. It’s Never Ordinary at bet365. That’s why if you sign up now you’ll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $200 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply.Gambling Problem? Call 1-800-Gambler 21+

2.

4.6/5

BetMGM Review

Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win

Players from Virginia accepted

Bet now

T&Cs apply, 21+

3.

4.5/5

FanDuel Review

Bet $5 Get $300 in Bonus Bets if you win + 3 Free Months of NBA League Pass

Players from Virginia accepted

Bet now

T&Cs apply, 21+

4.

4.5/5

Caesars Review

First bet back as a bonus bet up to $1000

Players from Virginia accepted

Bet now

T&Cs apply, 21+

5.

4.5/5

BetRivers.com Review

Second chance bet: Get up to $500 in Bonus Bets

Players from Virginia accepted

Bet now

T&Cs apply, 21+

How is a Pay Out used in Sports Betting?

The pay out received after a bet has been placed will vary depending upon the type of bet, and it is important to remember that the pay out on a bet placed using either fraction odds or decimal odds will include the original stake. The amount of profit made on the bet will be the total pay out, minus the original stake. For example:

A successful single bet of £5 on Liverpool beating Manchester City at odds of 3/1 will produce a pay out of  £20 which, minus the original stake of £5, gives a profit of £15.

An each way bet of £7 on horse race in which the horse in question comes in second at odds of 16/1 will require a stake of £14 and will produce a pay out of £29.40 which, minus the stake of £14, gives a profit of £15.40.

It should be noted that different bookmakers offer different maximum pay outs on a range of sports, running from as much as £2million on football matches to £100,000 on golf.

Although a pay out would traditionally always have been claimed at the end of a sporting event, many bookmakers now offer the option of cashing out early, which generally involves accepting a smaller pay out during the course of an event in order to avoid the risk of the result shifting and the bet becoming a losing bet.

See Also:

Accumulator

Double Bet