−230 odds: what they mean and what they pay
At −230 you bet $230 to win $100 in profit, $330 back in all. The price implies a 69.70% chance, so you need to win more than 69.70% of these bets to come out ahead.
The same price in every format
| American | −230 |
|---|---|
| Decimal | 1.435 |
| Fractional | 10/23 |
| Implied chance | 69.70% |
| Break-even win rate | 69.70% |
What −230 pays
| Bet | Profit if it wins | Total back |
|---|---|---|
| $10 | $4.35 | $14.35 |
| $25 | $10.87 | $35.87 |
| $50 | $21.74 | $71.74 |
| $100 | $43.48 | $143.48 |
| $250 | $108.70 | $358.70 |
| $1,000 | $434.78 | $1,434.78 |
Is −230 good odds?
It depends on how likely the bet is to win, not on the number itself. −230 is a good price on a side that wins more than 69.70% of the time and a bad one on a side that wins less. If a market kept nothing, the other side of a −230 bet would be +230; 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, −230 makes the side a clear favorite.
What a better price is worth
Find −225 instead of −230 on the same bet and the win rate you need drops from 69.70% to 69.23%. Over 100 bets of $100 that win 69.70% of the time, −230 breaks even and −225 comes out about $67.34 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.
−230 in a parlay
Two legs at −230 combine to decimal 2.059 (about +106): $100 would return $205.86. Each leg's cut compounds, so a parlay keeps more for the book than a single bet. Parlay calculator.
Questions
What does -230 mean in betting?
-230 means you bet $230 to win $100 in profit, returning $330 in all.
How much do I win on a $100 bet at -230?
$43.48 profit, $143.48 back in all if it wins.
What is -230 as a percentage?
-230 implies a 69.70% chance. That's also the share of bets you'd need to win to break even.
What is -230 in decimal odds?
1.435. In fractional odds it's about 10/23.
Is -230 a good bet?
Only if the side wins more than 69.70% 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.