What does +115 mean in betting?
+115 means a $100 bet wins $115, and a $10 bet wins $11.50. The price says it wins 46.5% of the time, so at +115 you make money on bets that win more than 46.5% of the time.
In plain words
+115 is a slight underdog: a $100 bet wins $115, and a $10 bet wins $11.50.
The price says 46.5%, a little under a coin flip. Because a win pays more than you risk, you can lose more than half of these bets and still come out ahead, as long as you win more than 46.5%.
Its usual partner on the other side is -135. Together they add up to 104.0%; the extra 4.0% is the book's cut.
Where you see +115
A close underdog, often paired with a -135 favorite on a baseball or hockey moneyline.
100 bets at +115
| Win rate | Wins in 100 | Result on 100 bets of $10 |
|---|---|---|
| 43.5% | 43.5 | -$64.50 |
| 46.5% (break-even) | 46.5 | $0 |
| 49.5% | 49.5 | +$64.50 |
Three points above break-even turns 100 bets of $10 at +115 into about $64.50 of profit; three points below loses about the same. The edge is the few points, not the pick.
Prices next to +115
| Price | Chance | $10 wins | Bet to win $100 |
|---|---|---|---|
| +100 | 50.0% | $10 | $100 |
| +105 | 48.8% | $10.50 | $95.24 |
| +110 | 47.6% | $11 | $90.91 |
| +115 | 46.5% | $11.50 | $86.96 |
| +120 | 45.5% | $12 | $83.33 |
| +125 | 44.4% | $12.50 | $80 |
| +130 | 43.5% | $13 | $76.92 |
One step better for you, +120 pays $5 more than +115 on every $100 bet that wins.
Convert +115 or any other price, see what a ticket pays, or get a suggested bet size for your bankroll.
Questions
What does +115 mean in betting?
+115 means a $100 bet wins $115, and a $10 bet wins $11.50. The price says it wins 46.5% of the time, so at +115 you make money on bets that win more than 46.5% of the time.
How much does a $10 bet win at +115?
$11.50 in profit. You get $21.50 back in total: your $10 plus the win. A $100 bet wins $115.
What win rate do I need at +115?
More than 46.5% to make money over time. That is the price's implied chance, also called the break-even rate.
What is +115 in decimal odds?
2.15. A $1 bet returns $2.15 in total. As a fraction it is 23/20.
Is +115 worth betting?
Only when the real chance is above 46.5%. A side that wins 51.5% of the time at +115 makes about $10.75 per $100 bet on average; one that wins 41.5% loses about $10.75.
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