−265 odds: what they mean and what they pay
At −265 you bet $265 to win $100 in profit, $365 back in all. The price implies a 72.60% chance, so you need to win more than 72.60% of these bets to come out ahead.
The same price in every format
| American | −265 |
|---|---|
| Decimal | 1.377 |
| Fractional | 20/53 |
| Implied chance | 72.60% |
| Break-even win rate | 72.60% |
What −265 pays
| Bet | Profit if it wins | Total back |
|---|---|---|
| $10 | $3.77 | $13.77 |
| $25 | $9.43 | $34.43 |
| $50 | $18.87 | $68.87 |
| $100 | $37.74 | $137.74 |
| $250 | $94.34 | $344.34 |
| $1,000 | $377.36 | $1,377.36 |
Is −265 good odds?
It depends on how likely the bet is to win, not on the number itself. −265 is a good price on a side that wins more than 72.60% of the time and a bad one on a side that wins less. If a market kept nothing, the other side of a −265 bet would be +265; 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, −265 makes the side a heavy favorite.
What a better price is worth
Find −260 instead of −265 on the same bet and the win rate you need drops from 72.60% to 72.22%. Over 100 bets of $100 that win 72.60% of the time, −265 breaks even and −260 comes out about $52.69 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.
−265 in a parlay
Two legs at −265 combine to decimal 1.897 (about −111): $100 would return $189.71. Each leg's cut compounds, so a parlay keeps more for the book than a single bet. Parlay calculator.
Questions
What does -265 mean in betting?
-265 means you bet $265 to win $100 in profit, returning $365 in all.
How much do I win on a $100 bet at -265?
$37.74 profit, $137.74 back in all if it wins.
What is -265 as a percentage?
-265 implies a 72.60% chance. That's also the share of bets you'd need to win to break even.
What is -265 in decimal odds?
1.377. In fractional odds it's about 20/53.
Is -265 a good bet?
Only if the side wins more than 72.60% 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.