What does -130 mean in betting?
-130 means you risk $130 to win $100, or $13 to win $10. The price says it wins 56.5% of the time, so you need to win more than 56.5% of your bets at -130 to make money.
In plain words
-130 makes this side the favorite: risk $130 to win $100, or $13 to win $10.
To make money at -130 you need to win more than 56.5% of these bets, about 5.7 of every 10. Winning most of your bets is not enough at this price; winning enough of them is.
Next to the standard -110, -130 costs $20 more for the same $100 win. That is the price of backing the side the book thinks is better.
Where you see -130
A slight favorite. Baseball moneylines at -130 usually have +110 on the other side, and player props show it when the book leans one way.
100 bets at -130
| Win rate | Wins in 100 | Result on 100 bets of $10 |
|---|---|---|
| 53.5% | 53.5 | -$53.08 |
| 56.5% (break-even) | 56.5 | $0 |
| 59.5% | 59.5 | +$53.08 |
Three points above break-even turns 100 bets of $10 at -130 into about $53.08 of profit; three points below loses about the same. The edge is the few points, not the pick.
Prices next to -130
| Price | Chance | $10 wins | Bet to win $100 |
|---|---|---|---|
| -175 | 63.6% | $5.71 | $175 |
| -150 | 60.0% | $6.67 | $150 |
| -140 | 58.3% | $7.14 | $140 |
| -130 | 56.5% | $7.69 | $130 |
| -125 | 55.6% | $8 | $125 |
| -120 | 54.5% | $8.33 | $120 |
| -115 | 53.5% | $8.70 | $115 |
One step better for you, -125 pays $3.08 more than -130 on every $100 bet that wins.
Convert -130 or any other price, see what a ticket pays, or get a suggested bet size for your bankroll.
Questions
What does -130 mean in betting?
-130 means you risk $130 to win $100, or $13 to win $10. The price says it wins 56.5% of the time, so you need to win more than 56.5% of your bets at -130 to make money.
How much does a $10 bet win at -130?
$7.69 in profit. You get $17.69 back in total: your $10 plus the win. A $100 bet wins $76.92.
What win rate do I need at -130?
More than 56.5% to make money over time. That is the price's implied chance, also called the break-even rate.
What is -130 in decimal odds?
1.77. A $1 bet returns $1.77 in total. As a fraction it is 10/13.
Is -130 a big favorite?
A moderate one. The price gives it 56.5%, so it should win about 5.7 times in 10. Heavy favorites start around -250.
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