−950 odds: what they mean and what they pay
At −950 you bet $950 to win $100 in profit, $1,050 back in all. The price implies a 90.48% chance, so you need to win more than 90.48% of these bets to come out ahead.
The same price in every format
| American | −950 |
|---|---|
| Decimal | 1.105 |
| Fractional | 2/19 |
| Implied chance | 90.48% |
| Break-even win rate | 90.48% |
What −950 pays
| Bet | Profit if it wins | Total back |
|---|---|---|
| $10 | $1.05 | $11.05 |
| $25 | $2.63 | $27.63 |
| $50 | $5.26 | $55.26 |
| $100 | $10.53 | $110.53 |
| $250 | $26.32 | $276.32 |
| $1,000 | $105.26 | $1,105.26 |
Is −950 good odds?
It depends on how likely the bet is to win, not on the number itself. −950 is a good price on a side that wins more than 90.48% of the time and a bad one on a side that wins less. If a market kept nothing, the other side of a −950 bet would be +950; 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, −950 makes the side a big favorite: one loss wipes out the profit of several wins.
What a better price is worth
Find −900 instead of −950 on the same bet and the win rate you need drops from 90.48% to 90.00%. Over 100 bets of $100 that win 90.48% of the time, −950 breaks even and −900 comes out about $52.91 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.
−950 in a parlay
Two legs at −950 combine to decimal 1.222 (about −451): $100 would return $122.16. Each leg's cut compounds, so a parlay keeps more for the book than a single bet. Parlay calculator.
Questions
What does -950 mean in betting?
-950 means you bet $950 to win $100 in profit, returning $1,050 in all.
How much do I win on a $100 bet at -950?
$10.53 profit, $110.53 back in all if it wins.
What is -950 as a percentage?
-950 implies a 90.48% chance. That's also the share of bets you'd need to win to break even.
What is -950 in decimal odds?
1.105. In fractional odds it's about 2/19.
Is -950 a good bet?
Only if the side wins more than 90.48% 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.