What does -150 mean in betting?
-150 means you risk $150 to win $100, or $15 to win $10. The price says it wins 60.0% of the time, so you need to win more than 60.0% of your bets at -150 to make money.
In plain words
-150 makes this side the favorite: risk $150 to win $100, or $15 to win $10.
To make money at -150 you need to win more than 60.0% of these bets, about 6 of every 10. Winning most of your bets is not enough at this price; winning enough of them is.
Next to the standard -110, -150 costs $40 more for the same $100 win. That is the price of backing the side the book thinks is better.
Where you see -150
One of the most common prices on baseball and hockey favorites, and near what an NFL team favored by about a field goal pays on the moneyline.
100 bets at -150
| Win rate | Wins in 100 | Result on 100 bets of $10 |
|---|---|---|
| 57.0% | 57 | -$50 |
| 60.0% (break-even) | 60 | $0 |
| 63.0% | 63 | +$50 |
Three points above break-even turns 100 bets of $10 at -150 into about $50 of profit; three points below loses about the same. The edge is the few points, not the pick.
Prices next to -150
| Price | Chance | $10 wins | Bet to win $100 |
|---|---|---|---|
| -250 | 71.4% | $4 | $250 |
| -200 | 66.7% | $5 | $200 |
| -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 |
One step better for you, -140 pays $4.76 more than -150 on every $100 bet that wins.
Convert -150 or any other price, see what a ticket pays, or get a suggested bet size for your bankroll.
Questions
What does -150 mean in betting?
-150 means you risk $150 to win $100, or $15 to win $10. The price says it wins 60.0% of the time, so you need to win more than 60.0% of your bets at -150 to make money.
How much does a $10 bet win at -150?
$6.67 in profit. You get $16.67 back in total: your $10 plus the win. A $100 bet wins $66.67.
What win rate do I need at -150?
More than 60.0% to make money over time. That is the price's implied chance, also called the break-even rate.
What is -150 in decimal odds?
1.67. A $1 bet returns $1.67 in total. As a fraction it is 2/3.
Is -150 a big favorite?
A moderate one. The price gives it 60.0%, so it should win about 6 times in 10. Heavy favorites start around -250.
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