−130 odds: what they mean and what they pay
At −130 you bet $130 to win $100 in profit, $230 back in all. The price implies a 56.52% chance, so you need to win more than 56.52% of these bets to come out ahead.
The same price in every format
| American | −130 |
|---|---|
| Decimal | 1.769 |
| Fractional | 10/13 |
| Implied chance | 56.52% |
| Break-even win rate | 56.52% |
What −130 pays
| Bet | Profit if it wins | Total back |
|---|---|---|
| $10 | $7.69 | $17.69 |
| $25 | $19.23 | $44.23 |
| $50 | $38.46 | $88.46 |
| $100 | $76.92 | $176.92 |
| $250 | $192.31 | $442.31 |
| $1,000 | $769.23 | $1,769.23 |
Is −130 good odds?
It depends on how likely the bet is to win, not on the number itself. −130 is a good price on a side that wins more than 56.52% of the time and a bad one on a side that wins less. If a market kept nothing, the other side of a −130 bet would be +130; 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, −130 makes the side a slight favorite.
What a better price is worth
Find −125 instead of −130 on the same bet and the win rate you need drops from 56.52% to 55.56%. Over 100 bets of $100 that win 56.52% of the time, −130 breaks even and −125 comes out about $173.91 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.
−130 in a parlay
Two legs at −130 combine to decimal 3.130 (about +213): $100 would return $313.02. Each leg's cut compounds, so a parlay keeps more for the book than a single bet. Parlay calculator.
Questions
What does -130 mean in betting?
-130 means you bet $130 to win $100 in profit, returning $230 in all.
How much do I win on a $100 bet at -130?
$76.92 profit, $176.92 back in all if it wins.
What is -130 as a percentage?
-130 implies a 56.52% chance. That's also the share of bets you'd need to win to break even.
What is -130 in decimal odds?
1.769. In fractional odds it's about 10/13.
Is -130 a good bet?
Only if the side wins more than 56.52% 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.