−470 odds: what they mean and what they pay
At −470 you bet $470 to win $100 in profit, $570 back in all. The price implies a 82.46% chance, so you need to win more than 82.46% of these bets to come out ahead.
The same price in every format
| American | −470 |
|---|---|
| Decimal | 1.213 |
| Fractional | 10/47 |
| Implied chance | 82.46% |
| Break-even win rate | 82.46% |
What −470 pays
| Bet | Profit if it wins | Total back |
|---|---|---|
| $10 | $2.13 | $12.13 |
| $25 | $5.32 | $30.32 |
| $50 | $10.64 | $60.64 |
| $100 | $21.28 | $121.28 |
| $250 | $53.19 | $303.19 |
| $1,000 | $212.77 | $1,212.77 |
Is −470 good odds?
It depends on how likely the bet is to win, not on the number itself. −470 is a good price on a side that wins more than 82.46% of the time and a bad one on a side that wins less. If a market kept nothing, the other side of a −470 bet would be +470; 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, −470 makes the side a heavy favorite.
What a better price is worth
Find −460 instead of −470 on the same bet and the win rate you need drops from 82.46% to 82.14%. Over 100 bets of $100 that win 82.46% of the time, −470 breaks even and −460 comes out about $38.14 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.
−470 in a parlay
Two legs at −470 combine to decimal 1.471 (about −212): $100 would return $147.08. Each leg's cut compounds, so a parlay keeps more for the book than a single bet. Parlay calculator.
Questions
What does -470 mean in betting?
-470 means you bet $470 to win $100 in profit, returning $570 in all.
How much do I win on a $100 bet at -470?
$21.28 profit, $121.28 back in all if it wins.
What is -470 as a percentage?
-470 implies a 82.46% chance. That's also the share of bets you'd need to win to break even.
What is -470 in decimal odds?
1.213. In fractional odds it's about 10/47.
Is -470 a good bet?
Only if the side wins more than 82.46% 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.