Fixed odds are always shown as a fraction with the win amount represented by the first number (the numerator) and the stake required represented by the second number (the denominator). Stakes of 2/1 mean that the bet will pay out twice your stake (i.e. you win £2 for every £1 staked) plus the amount of your original stake.
Fixed odds become more complex when the denominator (the second figure) cannot be brought down to one. And you sometime see odds like 132/16. A simple rule for calculating the payout is: Left Hand Figure divided by the right hand figure, then multiplied by the stake, then added to the original stake amount.
Note that fixed odds are always displayed to the nearest whole number and therefore will not always enable you to exactly calculate stake and win amounts.
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Thu, 1st Jan - * Banking stocks were in demand on Wednesday after playing down concerns about capital requirements and as speculation ramps up regarding the potential reprivatisations of both RBS and Lloyds.