−215 odds: what they mean and what they pay
At −215 you bet $215 to win $100 in profit, $315 back in all. The price implies a 68.25% chance, so you need to win more than 68.25% of these bets to come out ahead.
The same price in every format
| American | −215 |
|---|---|
| Decimal | 1.465 |
| Fractional | 20/43 |
| Implied chance | 68.25% |
| Break-even win rate | 68.25% |
What −215 pays
| Bet | Profit if it wins | Total back |
|---|---|---|
| $10 | $4.65 | $14.65 |
| $25 | $11.63 | $36.63 |
| $50 | $23.26 | $73.26 |
| $100 | $46.51 | $146.51 |
| $250 | $116.28 | $366.28 |
| $1,000 | $465.12 | $1,465.12 |
Is −215 good odds?
It depends on how likely the bet is to win, not on the number itself. −215 is a good price on a side that wins more than 68.25% of the time and a bad one on a side that wins less. If a market kept nothing, the other side of a −215 bet would be +215; 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, −215 makes the side a clear favorite.
What a better price is worth
Find −210 instead of −215 on the same bet and the win rate you need drops from 68.25% to 67.74%. Over 100 bets of $100 that win 68.25% of the time, −215 breaks even and −210 comes out about $75.59 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.
−215 in a parlay
Two legs at −215 combine to decimal 2.147 (about +115): $100 would return $214.66. Each leg's cut compounds, so a parlay keeps more for the book than a single bet. Parlay calculator.
Questions
What does -215 mean in betting?
-215 means you bet $215 to win $100 in profit, returning $315 in all.
How much do I win on a $100 bet at -215?
$46.51 profit, $146.51 back in all if it wins.
What is -215 as a percentage?
-215 implies a 68.25% chance. That's also the share of bets you'd need to win to break even.
What is -215 in decimal odds?
1.465. In fractional odds it's about 20/43.
Is -215 a good bet?
Only if the side wins more than 68.25% 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.