What does +500 mean in betting?
+500 means a $100 bet wins $500, and a $10 bet wins $50. The price says it wins 16.7% of the time, so at +500 you make money on bets that win more than 16.7% of the time.
In plain words
+500 is a longshot: $10 wins $50, and $100 wins $500.
The price says about 1 in 6, or 16.7%. One win covers 5 losses, so a longshot only has to land a bit more often than 16.7% to pay over time.
Size it small. Even a good longshot goes cold: at 16.7%, the chance of ten straight losses is 16.2%. Keep longshot bets to one unit (1% of your bankroll) or less. Never bet the house on one bet.
Where you see +500
Five to one. Heavy underdogs, and first-touchdown props on the top players often start around here.
100 bets at +500
| Win rate | Wins in 100 | Result on 100 bets of $10 |
|---|---|---|
| 13.7% | 13.7 | -$180 |
| 16.7% (break-even) | 16.7 | $0 |
| 19.7% | 19.7 | +$180 |
Three points above break-even turns 100 bets of $10 at +500 into about $180 of profit; three points below loses about the same. The edge is the few points, not the pick.
Prices next to +500
One step shorter, +400 pays $100 less than +500 on every $100 bet that wins.
Convert +500 or any other price, see what a ticket pays, or get a suggested bet size for your bankroll.
Questions
What does +500 mean in betting?
+500 means a $100 bet wins $500, and a $10 bet wins $50. The price says it wins 16.7% of the time, so at +500 you make money on bets that win more than 16.7% of the time.
How much does a $10 bet win at +500?
$50 in profit. You get $60 back in total: your $10 plus the win. A $100 bet wins $500.
What win rate do I need at +500?
More than 16.7% to make money over time. That is the price's implied chance, also called the break-even rate.
What is +500 in decimal odds?
6. A $1 bet returns $6 in total. As a fraction it is 5/1.
How often does a +500 bet win?
By its price, 16.7% of the time, about once every 6 bets. Runs of ten or more losses in a row are normal at this price.
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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