−460 odds: what they mean and what they pay
At −460 you bet $460 to win $100 in profit, $560 back in all. The price implies a 82.14% chance, so you need to win more than 82.14% of these bets to come out ahead.
The same price in every format
| American | −460 |
|---|---|
| Decimal | 1.217 |
| Fractional | 5/23 |
| Implied chance | 82.14% |
| Break-even win rate | 82.14% |
What −460 pays
| Bet | Profit if it wins | Total back |
|---|---|---|
| $10 | $2.17 | $12.17 |
| $25 | $5.43 | $30.43 |
| $50 | $10.87 | $60.87 |
| $100 | $21.74 | $121.74 |
| $250 | $54.35 | $304.35 |
| $1,000 | $217.39 | $1,217.39 |
Is −460 good odds?
It depends on how likely the bet is to win, not on the number itself. −460 is a good price on a side that wins more than 82.14% of the time and a bad one on a side that wins less. If a market kept nothing, the other side of a −460 bet would be +460; 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, −460 makes the side a heavy favorite.
What a better price is worth
Find −450 instead of −460 on the same bet and the win rate you need drops from 82.14% to 81.82%. Over 100 bets of $100 that win 82.14% of the time, −460 breaks even and −450 comes out about $39.68 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.
−460 in a parlay
Two legs at −460 combine to decimal 1.482 (about −207): $100 would return $148.20. Each leg's cut compounds, so a parlay keeps more for the book than a single bet. Parlay calculator.
Questions
What does -460 mean in betting?
-460 means you bet $460 to win $100 in profit, returning $560 in all.
How much do I win on a $100 bet at -460?
$21.74 profit, $121.74 back in all if it wins.
What is -460 as a percentage?
-460 implies a 82.14% chance. That's also the share of bets you'd need to win to break even.
What is -460 in decimal odds?
1.217. In fractional odds it's about 5/23.
Is -460 a good bet?
Only if the side wins more than 82.14% 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.