What does +150 mean in betting?
+150 means a $100 bet wins $150, and a $10 bet wins $15. The price says it wins 40.0% of the time, so at +150 you make money on bets that win more than 40.0% of the time.
In plain words
+150 is an underdog: a $100 bet wins $150, and a $10 bet wins $15.
The price says it wins 40.0% of the time, about 4 times in 10. You will lose more of these than you win. That is fine when the real chance is above 40.0%, because each win covers 1.5 losses.
Expect cold runs. At 40.0%, the chance of losing five in a row is 7.8%. Bet sizes that survive those runs matter more than any single pick.
Where you see +150
A typical price on a hockey or baseball underdog, and around what a baseball favorite pays on the -1.5 run line.
100 bets at +150
| Win rate | Wins in 100 | Result on 100 bets of $10 |
|---|---|---|
| 37.0% | 37 | -$75 |
| 40.0% (break-even) | 40 | $0 |
| 43.0% | 43 | +$75 |
Three points above break-even turns 100 bets of $10 at +150 into about $75 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 |
|---|---|---|---|
| +125 | 44.4% | $12.50 | $80 |
| +130 | 43.5% | $13 | $76.92 |
| +140 | 41.7% | $14 | $71.43 |
| +150 | 40.0% | $15 | $66.67 |
| +175 | 36.4% | $17.50 | $57.14 |
| +200 | 33.3% | $20 | $50 |
| +250 | 28.6% | $25 | $40 |
One step better for you, +175 pays $25 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 a $100 bet wins $150, and a $10 bet wins $15. The price says it wins 40.0% of the time, so at +150 you make money on bets that win more than 40.0% of the time.
How much does a $10 bet win at +150?
$15 in profit. You get $25 back in total: your $10 plus the win. A $100 bet wins $150.
What win rate do I need at +150?
More than 40.0% to make money over time. That is the price's implied chance, also called the break-even rate.
What is +150 in decimal odds?
2.5. A $1 bet returns $2.5 in total. As a fraction it is 3/2.
Is +150 worth betting?
Only when the real chance is above 40.0%. A side that wins 45.0% of the time at +150 makes about $12.50 per $100 bet on average; one that wins 35.0% loses about $12.50.
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.
See today's free pick21+ · Gamble responsibly · 1-800-GAMBLER