−145 odds: what they mean and what they pay
At −145 you bet $145 to win $100 in profit, $245 back in all. The price implies a 59.18% chance, so you need to win more than 59.18% of these bets to come out ahead.
The same price in every format
| American | −145 |
|---|---|
| Decimal | 1.690 |
| Fractional | 20/29 |
| Implied chance | 59.18% |
| Break-even win rate | 59.18% |
What −145 pays
| Bet | Profit if it wins | Total back |
|---|---|---|
| $10 | $6.90 | $16.90 |
| $25 | $17.24 | $42.24 |
| $50 | $34.48 | $84.48 |
| $100 | $68.97 | $168.97 |
| $250 | $172.41 | $422.41 |
| $1,000 | $689.66 | $1,689.66 |
Is −145 good odds?
It depends on how likely the bet is to win, not on the number itself. −145 is a good price on a side that wins more than 59.18% of the time and a bad one on a side that wins less. If a market kept nothing, the other side of a −145 bet would be +145; 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, −145 makes the side a slight favorite.
What a better price is worth
Find −140 instead of −145 on the same bet and the win rate you need drops from 59.18% to 58.33%. Over 100 bets of $100 that win 59.18% of the time, −145 breaks even and −140 comes out about $145.77 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.
−145 in a parlay
Two legs at −145 combine to decimal 2.855 (about +185): $100 would return $285.49. Each leg's cut compounds, so a parlay keeps more for the book than a single bet. Parlay calculator.
Questions
What does -145 mean in betting?
-145 means you bet $145 to win $100 in profit, returning $245 in all.
How much do I win on a $100 bet at -145?
$68.97 profit, $168.97 back in all if it wins.
What is -145 as a percentage?
-145 implies a 59.18% chance. That's also the share of bets you'd need to win to break even.
What is -145 in decimal odds?
1.690. In fractional odds it's about 20/29.
Is -145 a good bet?
Only if the side wins more than 59.18% 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.