What does -200 mean in betting?
-200 means you risk $200 to win $100, or $20 to win $10. The price says it wins 66.7% of the time, so you need to win more than 66.7% of your bets at -200 to make money.
In plain words
-200 makes this side the favorite: risk $200 to win $100, or $20 to win $10.
To make money at -200 you need to win more than 66.7% of these bets, about 6.7 of every 10. Winning most of your bets is not enough at this price; winning enough of them is.
Next to the standard -110, -200 costs $90 more for the same $100 win. That is the price of backing the side the book thinks is better.
Where you see -200
Two to one on the favorite. Common for good starting pitchers against weak teams, for strong hockey teams at home, and for NFL teams favored by about four points.
100 bets at -200
| Win rate | Wins in 100 | Result on 100 bets of $10 |
|---|---|---|
| 63.7% | 63.7 | -$45 |
| 66.7% (break-even) | 66.7 | $0 |
| 69.7% | 69.7 | +$45 |
Three points above break-even turns 100 bets of $10 at -200 into about $45 of profit; three points below loses about the same. The edge is the few points, not the pick.
Prices next to -200
| Price | Chance | $10 wins | Bet to win $100 |
|---|---|---|---|
| -400 | 80.0% | $2.50 | $400 |
| -300 | 75.0% | $3.33 | $300 |
| -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 |
One step better for you, -175 pays $7.14 more than -200 on every $100 bet that wins.
Convert -200 or any other price, see what a ticket pays, or get a suggested bet size for your bankroll.
Questions
What does -200 mean in betting?
-200 means you risk $200 to win $100, or $20 to win $10. The price says it wins 66.7% of the time, so you need to win more than 66.7% of your bets at -200 to make money.
How much does a $10 bet win at -200?
$5 in profit. You get $15 back in total: your $10 plus the win. A $100 bet wins $50.
What win rate do I need at -200?
More than 66.7% to make money over time. That is the price's implied chance, also called the break-even rate.
What is -200 in decimal odds?
1.5. A $1 bet returns $1.5 in total. As a fraction it is 1/2.
Is -200 a big favorite?
A moderate one. The price gives it 66.7%, so it should win about 6.7 times in 10. Heavy favorites start around -250.
One pick a day, free, with its price, the book and a suggested bet size, posted at least 30 minutes before the game. Every result stays public.
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