+550 odds: what they mean and what they pay
At +550 a $100 bet wins $550.00 in profit, $650.00 back in all. The price implies a 15.38% chance, so you need to win more than 15.38% of these bets to come out ahead.
The same price in every format
| American | +550 |
|---|---|
| Decimal | 6.500 |
| Fractional | 11/2 |
| Implied chance | 15.38% |
| Break-even win rate | 15.38% |
What +550 pays
| Bet | Profit if it wins | Total back |
|---|---|---|
| $10 | $55.00 | $65.00 |
| $25 | $137.50 | $162.50 |
| $50 | $275.00 | $325.00 |
| $100 | $550.00 | $650.00 |
| $250 | $1,375.00 | $1,625.00 |
| $1,000 | $5,500.00 | $6,500.00 |
Is +550 good odds?
It depends on how likely the bet is to win, not on the number itself. +550 is a good price on a side that wins more than 15.38% of the time and a bad one on a side that wins less. If a market kept nothing, the other side of a +550 bet would be −550; 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, +550 makes the side a long shot: most of these lose, and the wins pay for them.
What a better price is worth
Find +600 instead of +550 on the same bet and the win rate you need drops from 15.38% to 14.29%. Over 100 bets of $100 that win 15.38% of the time, +550 breaks even and +600 comes out about $769.23 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.
+550 in a parlay
Two legs at +550 combine to decimal 42.250 (about +4125): $100 would return $4,225.00. Each leg's cut compounds, so a parlay keeps more for the book than a single bet. Parlay calculator.
Questions
What does +550 mean in betting?
+550 means a $100 bet wins $550 in profit, returning $650 in all.
How much do I win on a $100 bet at +550?
$550.00 profit, $650.00 back in all if it wins.
What is +550 as a percentage?
+550 implies a 15.38% chance. That's also the share of bets you'd need to win to break even.
What is +550 in decimal odds?
6.500. In fractional odds it's about 11/2.
How often does a +550 bet win?
The price implies 15.38%, about 15 times in 100. The real chance can be higher or lower; the price includes the book's cut.