+165 odds: what they mean and what they pay
At +165 a $100 bet wins $165.00 in profit, $265.00 back in all. The price implies a 37.74% chance, so you need to win more than 37.74% of these bets to come out ahead.
The same price in every format
| American | +165 |
|---|---|
| Decimal | 2.650 |
| Fractional | 33/20 |
| Implied chance | 37.74% |
| Break-even win rate | 37.74% |
What +165 pays
| Bet | Profit if it wins | Total back |
|---|---|---|
| $10 | $16.50 | $26.50 |
| $25 | $41.25 | $66.25 |
| $50 | $82.50 | $132.50 |
| $100 | $165.00 | $265.00 |
| $250 | $412.50 | $662.50 |
| $1,000 | $1,650.00 | $2,650.00 |
Is +165 good odds?
It depends on how likely the bet is to win, not on the number itself. +165 is a good price on a side that wins more than 37.74% of the time and a bad one on a side that wins less. If a market kept nothing, the other side of a +165 bet would be −165; 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, +165 makes the side an underdog.
What a better price is worth
Find +170 instead of +165 on the same bet and the win rate you need drops from 37.74% to 37.04%. Over 100 bets of $100 that win 37.74% of the time, +165 breaks even and +170 comes out about $188.68 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.
+165 in a parlay
Two legs at +165 combine to decimal 7.022 (about +602): $100 would return $702.25. Each leg's cut compounds, so a parlay keeps more for the book than a single bet. Parlay calculator.
Questions
What does +165 mean in betting?
+165 means a $100 bet wins $165 in profit, returning $265 in all.
How much do I win on a $100 bet at +165?
$165.00 profit, $265.00 back in all if it wins.
What is +165 as a percentage?
+165 implies a 37.74% chance. That's also the share of bets you'd need to win to break even.
What is +165 in decimal odds?
2.650. In fractional odds it's about 33/20.
How often does a +165 bet win?
The price implies 37.74%, about 38 times in 100. The real chance can be higher or lower; the price includes the book's cut.