−700 odds: what they mean and what they pay
At −700 you bet $700 to win $100 in profit, $800 back in all. The price implies a 87.50% chance, so you need to win more than 87.50% of these bets to come out ahead.
The same price in every format
| American | −700 |
|---|---|
| Decimal | 1.143 |
| Fractional | 1/7 |
| Implied chance | 87.50% |
| Break-even win rate | 87.50% |
What −700 pays
| Bet | Profit if it wins | Total back |
|---|---|---|
| $10 | $1.43 | $11.43 |
| $25 | $3.57 | $28.57 |
| $50 | $7.14 | $57.14 |
| $100 | $14.29 | $114.29 |
| $250 | $35.71 | $285.71 |
| $1,000 | $142.86 | $1,142.86 |
Is −700 good odds?
It depends on how likely the bet is to win, not on the number itself. −700 is a good price on a side that wins more than 87.50% of the time and a bad one on a side that wins less. If a market kept nothing, the other side of a −700 bet would be +700; 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, −700 makes the side a big favorite: one loss wipes out the profit of several wins.
What a better price is worth
Find −650 instead of −700 on the same bet and the win rate you need drops from 87.50% to 86.67%. Over 100 bets of $100 that win 87.50% of the time, −700 breaks even and −650 comes out about $96.15 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.
−700 in a parlay
Two legs at −700 combine to decimal 1.306 (about −327): $100 would return $130.61. Each leg's cut compounds, so a parlay keeps more for the book than a single bet. Parlay calculator.
Questions
What does -700 mean in betting?
-700 means you bet $700 to win $100 in profit, returning $800 in all.
How much do I win on a $100 bet at -700?
$14.29 profit, $114.29 back in all if it wins.
What is -700 as a percentage?
-700 implies a 87.50% chance. That's also the share of bets you'd need to win to break even.
What is -700 in decimal odds?
1.143. In fractional odds it's about 1/7.
Is -700 a good bet?
Only if the side wins more than 87.50% 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.