−135 odds: what they mean and what they pay
At −135 you bet $135 to win $100 in profit, $235 back in all. The price implies a 57.45% chance, so you need to win more than 57.45% of these bets to come out ahead.
The same price in every format
| American | −135 |
|---|---|
| Decimal | 1.741 |
| Fractional | 20/27 |
| Implied chance | 57.45% |
| Break-even win rate | 57.45% |
What −135 pays
| Bet | Profit if it wins | Total back |
|---|---|---|
| $10 | $7.41 | $17.41 |
| $25 | $18.52 | $43.52 |
| $50 | $37.04 | $87.04 |
| $100 | $74.07 | $174.07 |
| $250 | $185.19 | $435.19 |
| $1,000 | $740.74 | $1,740.74 |
Is −135 good odds?
It depends on how likely the bet is to win, not on the number itself. −135 is a good price on a side that wins more than 57.45% of the time and a bad one on a side that wins less. If a market kept nothing, the other side of a −135 bet would be +135; 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, −135 makes the side a slight favorite.
What a better price is worth
Find −130 instead of −135 on the same bet and the win rate you need drops from 57.45% to 56.52%. Over 100 bets of $100 that win 57.45% of the time, −135 breaks even and −130 comes out about $163.67 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.
−135 in a parlay
Two legs at −135 combine to decimal 3.030 (about +203): $100 would return $303.02. Each leg's cut compounds, so a parlay keeps more for the book than a single bet. Parlay calculator.
Questions
What does -135 mean in betting?
-135 means you bet $135 to win $100 in profit, returning $235 in all.
How much do I win on a $100 bet at -135?
$74.07 profit, $174.07 back in all if it wins.
What is -135 as a percentage?
-135 implies a 57.45% chance. That's also the share of bets you'd need to win to break even.
What is -135 in decimal odds?
1.741. In fractional odds it's about 20/27.
Is -135 a good bet?
Only if the side wins more than 57.45% 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.