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What does -150 mean?

A favorite in American odds: the payout, the chance it implies, and how bets at this price really do.

-150 means you bet 150 to win 100. It marks the favorite. A 10 bet wins 6.67 and returns 16.67. The odds imply a 60% chance of winning.

1.67decimal odds
2/3fractional odds
60%implied chance
+66.67profit on a 100 bet

How much -150 pays

StakeProfitTotal return
10+6.6716.67
20+13.3333.33
25+16.6741.67
50+33.3383.33
100+66.67166.67
250+166.67416.67

Same math in the odds converter, with any stake you like.

What -150 says about your chances

-150 is a solid favorite: the price says it wins about 3 times in 5. Risking 150 to win 100 means one loss wipes out the profit of one and a half wins. Any price with a minus sign is a favorite; the bigger the number, the bigger the favorite. The break-even win rate for -150 is 60%.

-150 in a parlay

Legs at -150Parlay oddsChance all hit
1 (straight bet)-15060%
2+17836%
3+36321.6%

Every leg has to win, so the chances multiply. Open two -150 legs in the parlay calculator, or see how often parlays really hit.

How -150 bets actually did

FakeBet players' pre-game straight bets priced near -150 (about -160 to -141) won 70 of 141 (49.6%) in the last 90 days, across 107 games. The odds implied 60%.

Our players have fallen short of the price here, which is what the sportsbook margin predicts over time. Play-money bets on real odds, settled from official results.

Other common odds

-150 questions

Is -150 a favorite or an underdog?

A favorite. A minus sign means you risk more than you win: 150 to win 100.

How do you calculate a -150 payout?

Divide 100 by 150 and multiply by your stake to get the profit: a 50 bet wins 33.33. Add your stake back for the total return of 83.33.

What are -150 odds as a percentage?

60%. That's the implied probability: 1 divided by the decimal odds of 1.67. Because the sportsbook's margin is built in, the true chance is usually a little lower.

What are -150 odds in decimal and fractional?

1.67 in decimal odds and 2/3 in fractional odds.