−114 odds: what they mean and what they pay
At −114 you bet $114 to win $100 in profit, $214 back in all. The price implies a 53.27% chance, so you need to win more than 53.27% of these bets to come out ahead.
The same price in every format
| American | −114 |
|---|---|
| Decimal | 1.877 |
| Fractional | 50/57 |
| Implied chance | 53.27% |
| Break-even win rate | 53.27% |
What −114 pays
| Bet | Profit if it wins | Total back |
|---|---|---|
| $10 | $8.77 | $18.77 |
| $25 | $21.93 | $46.93 |
| $50 | $43.86 | $93.86 |
| $100 | $87.72 | $187.72 |
| $250 | $219.30 | $469.30 |
| $1,000 | $877.19 | $1,877.19 |
Is −114 good odds?
It depends on how likely the bet is to win, not on the number itself. −114 is a good price on a side that wins more than 53.27% of the time and a bad one on a side that wins less. If a market kept nothing, the other side of a −114 bet would be +114; real books price it worse than that, and the gap is their cut. At −110 on both sides, the most common spread and total price, the cut is 4.76%. Which book keeps the least differs: every sportsbook's cut, measured.
As a price, −114 makes the side close to even: at this price both sides of a game are often priced alike, and the gap from 50% is mostly the book's cut.
What a better price is worth
Find −112 instead of −114 on the same bet and the win rate you need drops from 53.27% to 52.83%. Over 100 bets of $100 that win 53.27% of the time, −114 breaks even and −112 comes out about $83.44 ahead: the same picks, a better price. Books often differ by that much on the same game: the board shows which one pays the most.
−114 in a parlay
Two legs at −114 combine to decimal 3.524 (about +252): $100 would return $352.39. Each leg's cut compounds, so a parlay keeps more for the book than a single bet. Parlay calculator.
Questions
What does -114 mean in betting?
-114 means you bet $114 to win $100 in profit, returning $214 in all.
How much do I win on a $100 bet at -114?
$87.72 profit, $187.72 back in all if it wins.
What is -114 as a percentage?
-114 implies a 53.27% chance. That's also the share of bets you'd need to win to break even.
What is -114 in decimal odds?
1.877. In fractional odds it's about 50/57.
Is -114 a good bet?
Only if the side wins more than 53.27% of the time. The price alone can't tell you: compare it with other sportsbooks' prices on the same bet, since a better price lowers the win rate you need.