+500 odds: what they mean and what they pay
At +500 a $100 bet wins $500.00 in profit, $600.00 back in all. The price implies a 16.67% chance, so you need to win more than 16.67% of these bets to come out ahead.
The same price in every format
| American | +500 |
|---|---|
| Decimal | 6.000 |
| Fractional | 5/1 |
| Implied chance | 16.67% |
| Break-even win rate | 16.67% |
What +500 pays
| Bet | Profit if it wins | Total back |
|---|---|---|
| $10 | $50.00 | $60.00 |
| $25 | $125.00 | $150.00 |
| $50 | $250.00 | $300.00 |
| $100 | $500.00 | $600.00 |
| $250 | $1,250.00 | $1,500.00 |
| $1,000 | $5,000.00 | $6,000.00 |
Is +500 good odds?
It depends on how likely the bet is to win, not on the number itself. +500 is a good price on a side that wins more than 16.67% of the time and a bad one on a side that wins less. If a market kept nothing, the other side of a +500 bet would be −500; 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, +500 makes the side a big underdog.
What a better price is worth
Find +550 instead of +500 on the same bet and the win rate you need drops from 16.67% to 15.38%. Over 100 bets of $100 that win 16.67% of the time, +500 breaks even and +550 comes out about $833.33 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.
+500 in a parlay
Two legs at +500 combine to decimal 36.000 (about +3500): $100 would return $3,600.00. Each leg's cut compounds, so a parlay keeps more for the book than a single bet. Parlay calculator.
Questions
What does +500 mean in betting?
+500 means a $100 bet wins $500 in profit, returning $600 in all.
How much do I win on a $100 bet at +500?
$500.00 profit, $600.00 back in all if it wins.
What is +500 as a percentage?
+500 implies a 16.67% chance. That's also the share of bets you'd need to win to break even.
What is +500 in decimal odds?
6.000. In fractional odds it's about 5/1.
How often does a +500 bet win?
The price implies 16.67%, about 17 times in 100. The real chance can be higher or lower; the price includes the book's cut.