−360 odds: what they mean and what they pay
At −360 you bet $360 to win $100 in profit, $460 back in all. The price implies a 78.26% chance, so you need to win more than 78.26% of these bets to come out ahead.
The same price in every format
| American | −360 |
|---|---|
| Decimal | 1.278 |
| Fractional | 5/18 |
| Implied chance | 78.26% |
| Break-even win rate | 78.26% |
What −360 pays
| Bet | Profit if it wins | Total back |
|---|---|---|
| $10 | $2.78 | $12.78 |
| $25 | $6.94 | $31.94 |
| $50 | $13.89 | $63.89 |
| $100 | $27.78 | $127.78 |
| $250 | $69.44 | $319.44 |
| $1,000 | $277.78 | $1,277.78 |
Is −360 good odds?
It depends on how likely the bet is to win, not on the number itself. −360 is a good price on a side that wins more than 78.26% of the time and a bad one on a side that wins less. If a market kept nothing, the other side of a −360 bet would be +360; 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, −360 makes the side a heavy favorite.
What a better price is worth
Find −350 instead of −360 on the same bet and the win rate you need drops from 78.26% to 77.78%. Over 100 bets of $100 that win 78.26% of the time, −360 breaks even and −350 comes out about $62.11 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.
−360 in a parlay
Two legs at −360 combine to decimal 1.633 (about −158): $100 would return $163.27. Each leg's cut compounds, so a parlay keeps more for the book than a single bet. Parlay calculator.
Questions
What does -360 mean in betting?
-360 means you bet $360 to win $100 in profit, returning $460 in all.
How much do I win on a $100 bet at -360?
$27.78 profit, $127.78 back in all if it wins.
What is -360 as a percentage?
-360 implies a 78.26% chance. That's also the share of bets you'd need to win to break even.
What is -360 in decimal odds?
1.278. In fractional odds it's about 5/18.
Is -360 a good bet?
Only if the side wins more than 78.26% 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.