+480 odds: what they mean and what they pay
At +480 a $100 bet wins $480.00 in profit, $580.00 back in all. The price implies a 17.24% chance, so you need to win more than 17.24% of these bets to come out ahead.
The same price in every format
| American | +480 |
|---|---|
| Decimal | 5.800 |
| Fractional | 24/5 |
| Implied chance | 17.24% |
| Break-even win rate | 17.24% |
What +480 pays
| Bet | Profit if it wins | Total back |
|---|---|---|
| $10 | $48.00 | $58.00 |
| $25 | $120.00 | $145.00 |
| $50 | $240.00 | $290.00 |
| $100 | $480.00 | $580.00 |
| $250 | $1,200.00 | $1,450.00 |
| $1,000 | $4,800.00 | $5,800.00 |
Is +480 good odds?
It depends on how likely the bet is to win, not on the number itself. +480 is a good price on a side that wins more than 17.24% of the time and a bad one on a side that wins less. If a market kept nothing, the other side of a +480 bet would be −480; 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, +480 makes the side a big underdog.
What a better price is worth
Find +490 instead of +480 on the same bet and the win rate you need drops from 17.24% to 16.95%. Over 100 bets of $100 that win 17.24% of the time, +480 breaks even and +490 comes out about $172.41 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.
+480 in a parlay
Two legs at +480 combine to decimal 33.640 (about +3264): $100 would return $3,364.00. Each leg's cut compounds, so a parlay keeps more for the book than a single bet. Parlay calculator.
Questions
What does +480 mean in betting?
+480 means a $100 bet wins $480 in profit, returning $580 in all.
How much do I win on a $100 bet at +480?
$480.00 profit, $580.00 back in all if it wins.
What is +480 as a percentage?
+480 implies a 17.24% chance. That's also the share of bets you'd need to win to break even.
What is +480 in decimal odds?
5.800. In fractional odds it's about 24/5.
How often does a +480 bet win?
The price implies 17.24%, about 17 times in 100. The real chance can be higher or lower; the price includes the book's cut.