−600 odds: what they mean and what they pay
At −600 you bet $600 to win $100 in profit, $700 back in all. The price implies a 85.71% chance, so you need to win more than 85.71% of these bets to come out ahead.
The same price in every format
| American | −600 |
|---|---|
| Decimal | 1.167 |
| Fractional | 1/6 |
| Implied chance | 85.71% |
| Break-even win rate | 85.71% |
What −600 pays
| Bet | Profit if it wins | Total back |
|---|---|---|
| $10 | $1.67 | $11.67 |
| $25 | $4.17 | $29.17 |
| $50 | $8.33 | $58.33 |
| $100 | $16.67 | $116.67 |
| $250 | $41.67 | $291.67 |
| $1,000 | $166.67 | $1,166.67 |
Is −600 good odds?
It depends on how likely the bet is to win, not on the number itself. −600 is a good price on a side that wins more than 85.71% of the time and a bad one on a side that wins less. If a market kept nothing, the other side of a −600 bet would be +600; 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, −600 makes the side a big favorite: one loss wipes out the profit of several wins.
What a better price is worth
Find −550 instead of −600 on the same bet and the win rate you need drops from 85.71% to 84.62%. Over 100 bets of $100 that win 85.71% of the time, −600 breaks even and −550 comes out about $129.87 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.
−600 in a parlay
Two legs at −600 combine to decimal 1.361 (about −277): $100 would return $136.11. Each leg's cut compounds, so a parlay keeps more for the book than a single bet. Parlay calculator.
Questions
What does -600 mean in betting?
-600 means you bet $600 to win $100 in profit, returning $700 in all.
How much do I win on a $100 bet at -600?
$16.67 profit, $116.67 back in all if it wins.
What is -600 as a percentage?
-600 implies a 85.71% chance. That's also the share of bets you'd need to win to break even.
What is -600 in decimal odds?
1.167. In fractional odds it's about 1/6.
Is -600 a good bet?
Only if the side wins more than 85.71% 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.