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What does -300 mean?

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

-300 means you bet 300 to win 100. It marks the favorite. A 10 bet wins 3.33 and returns 13.33. The odds imply a 75% chance of winning.

1.33decimal odds
1/3fractional odds
75%implied chance
+33.33profit on a 100 bet

How much -300 pays

StakeProfitTotal return
10+3.3313.33
20+6.6726.67
25+8.3333.33
50+16.6766.67
100+33.33133.33
250+83.33333.33

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

What -300 says about your chances

-300 is a heavy favorite, winning about 3 times in 4 by the odds. It pays a third of your stake, which is why short favorites show up so often as parlay legs. Any price with a minus sign is a favorite; the bigger the number, the bigger the favorite. The break-even win rate for -300 is 75%.

-300 in a parlay

Legs at -300Parlay oddsChance all hit
1 (straight bet)-30075%
2-12956.3%
3+13742.2%

Every leg has to win, so the chances multiply. Open two -300 legs in the parlay calculator, or see how often parlays really hit.

How -300 bets actually did

FakeBet players' pre-game straight bets priced near -300 (about -326 to -277) won 40 of 56 (71.4%) in the last 90 days, across 37 games. The odds implied 75%.

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

-300 questions

Is -300 a favorite or an underdog?

A favorite. A minus sign means you risk more than you win: 300 to win 100.

How do you calculate a -300 payout?

Divide 100 by 300 and multiply by your stake to get the profit: a 50 bet wins 16.67. Add your stake back for the total return of 66.67.

What are -300 odds as a percentage?

75%. That's the implied probability: 1 divided by the decimal odds of 1.33. Because the sportsbook's margin is built in, the true chance is usually a little lower.

What are -300 odds in decimal and fractional?

1.33 in decimal odds and 1/3 in fractional odds.