−235 odds: what they mean and what they pay
At −235 you bet $235 to win $100 in profit, $335 back in all. The price implies a 70.15% chance, so you need to win more than 70.15% of these bets to come out ahead.
The same price in every format
| American | −235 |
|---|---|
| Decimal | 1.426 |
| Fractional | 20/47 |
| Implied chance | 70.15% |
| Break-even win rate | 70.15% |
What −235 pays
| Bet | Profit if it wins | Total back |
|---|---|---|
| $10 | $4.26 | $14.26 |
| $25 | $10.64 | $35.64 |
| $50 | $21.28 | $71.28 |
| $100 | $42.55 | $142.55 |
| $250 | $106.38 | $356.38 |
| $1,000 | $425.53 | $1,425.53 |
Is −235 good odds?
It depends on how likely the bet is to win, not on the number itself. −235 is a good price on a side that wins more than 70.15% of the time and a bad one on a side that wins less. If a market kept nothing, the other side of a −235 bet would be +235; 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, −235 makes the side a clear favorite.
What a better price is worth
Find −230 instead of −235 on the same bet and the win rate you need drops from 70.15% to 69.70%. Over 100 bets of $100 that win 70.15% of the time, −235 breaks even and −230 comes out about $64.89 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.
−235 in a parlay
Two legs at −235 combine to decimal 2.032 (about +103): $100 would return $203.21. Each leg's cut compounds, so a parlay keeps more for the book than a single bet. Parlay calculator.
Questions
What does -235 mean in betting?
-235 means you bet $235 to win $100 in profit, returning $335 in all.
How much do I win on a $100 bet at -235?
$42.55 profit, $142.55 back in all if it wins.
What is -235 as a percentage?
-235 implies a 70.15% chance. That's also the share of bets you'd need to win to break even.
What is -235 in decimal odds?
1.426. In fractional odds it's about 20/47.
Is -235 a good bet?
Only if the side wins more than 70.15% 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.