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Odds

When betting is 7/4 better than 11/4 and how do you work out what you win for say £5

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For a £5 stake at 11/4, your winnings would be:
£5 x 11/4
= £5 x 2.75
= £13.75
Plus your original stake of £5, gives you £18.75.
If you bet £1
On 7/4, 7 divided by 4 = 1.75
1.75 x £1 = £1.75
You get your original stake back, so £1.75+£1 = £2.75
On 11/4, 11 divided by 4 = 2.75
2.75 x £1 = £2.75
Original stake back, £2.75+£1 = £3.75
So you work out the odds by doing the division, times it by the stake, then add the stake again.
Treat it like a fraction 7/4 = 1 and 3/4 or 1.75
So to work out your winnings froma bet -
Bet x 1.75 + Bet = winnings.
11/4 = 2 and 3/4 or 2.75.
£5 at 7/4 win = £13.75
£5 at 11/4 win = £18.75