−150 odds: what they mean and what they pay
At −150 you bet $150 to win $100 in profit, $250 back in all. The price implies a 60.00% chance, so you need to win more than 60.00% of these bets to come out ahead.
The same price in every format
| American | −150 |
|---|---|
| Decimal | 1.667 |
| Fractional | 2/3 |
| Implied chance | 60.00% |
| Break-even win rate | 60.00% |
What −150 pays
| Bet | Profit if it wins | Total back |
|---|---|---|
| $10 | $6.67 | $16.67 |
| $25 | $16.67 | $41.67 |
| $50 | $33.33 | $83.33 |
| $100 | $66.67 | $166.67 |
| $250 | $166.67 | $416.67 |
| $1,000 | $666.67 | $1,666.67 |
Is −150 good odds?
It depends on how likely the bet is to win, not on the number itself. −150 is a good price on a side that wins more than 60.00% of the time and a bad one on a side that wins less. If a market kept nothing, the other side of a −150 bet would be +150; 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, −150 makes the side a slight favorite.
What a better price is worth
Find −145 instead of −150 on the same bet and the win rate you need drops from 60.00% to 59.18%. Over 100 bets of $100 that win 60.00% of the time, −150 breaks even and −145 comes out about $137.93 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.
−150 in a parlay
Two legs at −150 combine to decimal 2.778 (about +178): $100 would return $277.78. Each leg's cut compounds, so a parlay keeps more for the book than a single bet. Parlay calculator.
Questions
What does -150 mean in betting?
-150 means you bet $150 to win $100 in profit, returning $250 in all.
How much do I win on a $100 bet at -150?
$66.67 profit, $166.67 back in all if it wins.
What is -150 as a percentage?
-150 implies a 60.00% chance. That's also the share of bets you'd need to win to break even.
What is -150 in decimal odds?
1.667. In fractional odds it's about 2/3.
Is -150 a good bet?
Only if the side wins more than 60.00% 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.