+700 odds: what they mean and what they pay
At +700 a $100 bet wins $700.00 in profit, $800.00 back in all. The price implies a 12.50% chance, so you need to win more than 12.50% of these bets to come out ahead.
The same price in every format
| American | +700 |
|---|---|
| Decimal | 8.000 |
| Fractional | 7/1 |
| Implied chance | 12.50% |
| Break-even win rate | 12.50% |
What +700 pays
| Bet | Profit if it wins | Total back |
|---|---|---|
| $10 | $70.00 | $80.00 |
| $25 | $175.00 | $200.00 |
| $50 | $350.00 | $400.00 |
| $100 | $700.00 | $800.00 |
| $250 | $1,750.00 | $2,000.00 |
| $1,000 | $7,000.00 | $8,000.00 |
Is +700 good odds?
It depends on how likely the bet is to win, not on the number itself. +700 is a good price on a side that wins more than 12.50% of the time and a bad one on a side that wins less. If a market kept nothing, the other side of a +700 bet would be −700; 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, +700 makes the side a long shot: most of these lose, and the wins pay for them.
What a better price is worth
Find +750 instead of +700 on the same bet and the win rate you need drops from 12.50% to 11.76%. Over 100 bets of $100 that win 12.50% of the time, +700 breaks even and +750 comes out about $625.00 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.
+700 in a parlay
Two legs at +700 combine to decimal 64.000 (about +6300): $100 would return $6,400.00. Each leg's cut compounds, so a parlay keeps more for the book than a single bet. Parlay calculator.
Questions
What does +700 mean in betting?
+700 means a $100 bet wins $700 in profit, returning $800 in all.
How much do I win on a $100 bet at +700?
$700.00 profit, $800.00 back in all if it wins.
What is +700 as a percentage?
+700 implies a 12.50% chance. That's also the share of bets you'd need to win to break even.
What is +700 in decimal odds?
8.000. In fractional odds it's about 7/1.
How often does a +700 bet win?
The price implies 12.50%, about 12 times in 100. The real chance can be higher or lower; the price includes the book's cut.