+800 odds: what they mean and what they pay
At +800 a $100 bet wins $800.00 in profit, $900.00 back in all. The price implies a 11.11% chance, so you need to win more than 11.11% of these bets to come out ahead.
The same price in every format
| American | +800 |
|---|---|
| Decimal | 9.000 |
| Fractional | 8/1 |
| Implied chance | 11.11% |
| Break-even win rate | 11.11% |
What +800 pays
| Bet | Profit if it wins | Total back |
|---|---|---|
| $10 | $80.00 | $90.00 |
| $25 | $200.00 | $225.00 |
| $50 | $400.00 | $450.00 |
| $100 | $800.00 | $900.00 |
| $250 | $2,000.00 | $2,250.00 |
| $1,000 | $8,000.00 | $9,000.00 |
Is +800 good odds?
It depends on how likely the bet is to win, not on the number itself. +800 is a good price on a side that wins more than 11.11% of the time and a bad one on a side that wins less. If a market kept nothing, the other side of a +800 bet would be −800; 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, +800 makes the side a long shot: most of these lose, and the wins pay for them.
What a better price is worth
Find +850 instead of +800 on the same bet and the win rate you need drops from 11.11% to 10.53%. Over 100 bets of $100 that win 11.11% of the time, +800 breaks even and +850 comes out about $555.56 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.
+800 in a parlay
Two legs at +800 combine to decimal 81.000 (about +8000): $100 would return $8,100.00. Each leg's cut compounds, so a parlay keeps more for the book than a single bet. Parlay calculator.
Questions
What does +800 mean in betting?
+800 means a $100 bet wins $800 in profit, returning $900 in all.
How much do I win on a $100 bet at +800?
$800.00 profit, $900.00 back in all if it wins.
What is +800 as a percentage?
+800 implies a 11.11% chance. That's also the share of bets you'd need to win to break even.
What is +800 in decimal odds?
9.000. In fractional odds it's about 8/1.
How often does a +800 bet win?
The price implies 11.11%, about 11 times in 100. The real chance can be higher or lower; the price includes the book's cut.