−295 odds: what they mean and what they pay
At −295 you bet $295 to win $100 in profit, $395 back in all. The price implies a 74.68% chance, so you need to win more than 74.68% of these bets to come out ahead.
The same price in every format
| American | −295 |
|---|---|
| Decimal | 1.339 |
| Fractional | 20/59 |
| Implied chance | 74.68% |
| Break-even win rate | 74.68% |
What −295 pays
| Bet | Profit if it wins | Total back |
|---|---|---|
| $10 | $3.39 | $13.39 |
| $25 | $8.47 | $33.47 |
| $50 | $16.95 | $66.95 |
| $100 | $33.90 | $133.90 |
| $250 | $84.75 | $334.75 |
| $1,000 | $338.98 | $1,338.98 |
Is −295 good odds?
It depends on how likely the bet is to win, not on the number itself. −295 is a good price on a side that wins more than 74.68% of the time and a bad one on a side that wins less. If a market kept nothing, the other side of a −295 bet would be +295; 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, −295 makes the side a heavy favorite.
What a better price is worth
Find −290 instead of −295 on the same bet and the win rate you need drops from 74.68% to 74.36%. Over 100 bets of $100 that win 74.68% of the time, −295 breaks even and −290 comes out about $43.65 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.
−295 in a parlay
Two legs at −295 combine to decimal 1.793 (about −126): $100 would return $179.29. Each leg's cut compounds, so a parlay keeps more for the book than a single bet. Parlay calculator.
Questions
What does -295 mean in betting?
-295 means you bet $295 to win $100 in profit, returning $395 in all.
How much do I win on a $100 bet at -295?
$33.90 profit, $133.90 back in all if it wins.
What is -295 as a percentage?
-295 implies a 74.68% chance. That's also the share of bets you'd need to win to break even.
What is -295 in decimal odds?
1.339. In fractional odds it's about 20/59.
Is -295 a good bet?
Only if the side wins more than 74.68% 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.