What Does -1500 Mean in Sports Betting?
-1500 odds are favorite odds. A $100 bet returns $106.67 ($6.67 profit), and the price implies about a 93.8% chance to win. To win $100 outright you would risk $1,500.00.
At a glance
- Side
- Favorite
- $100 returns
- $106.67
- Profit on $100
- $6.67
- Implied probability
- 93.8%
- Decimal odds
- 1.07
- Fractional odds
- 7/100
Run the numbers
What does -1500 mean in sports betting?
-1500 is a favorite price. The minus sign means the team is favored, and the number is how much you must risk to win $100. At -1500 you risk $1,500.00 to win $100, because the market thinks this outcome is more likely than not.
What does a $100 bet at -1500 pay?
A $100 bet at -1500 returns $106.67 total, which is $6.67 in profit. Scale it to any stake with the betting calculator. The payout is the same idea at any book; what changes is how much vig is buried in the price.
Implied probability of -1500
-1500 implies a win probability of about 93.8%. That is the break-even rate: if you think the real chance is higher, the bet has value. Devig the market to compare it to the fair number.
-1500 in decimal and fractional odds
-1500 American equals 1.07 in decimal odds and 7/100 in fractional odds. Decimal is the easiest format for comparing prices, since a bigger number always means a bigger payout. Convert any price with the odds converter.
Get a better price than -1500
Every American price at a sportsbook includes the vig. On BettorEdge you trade at market-fair odds with other bettors, so the same outcome can pay more than -1500 and you keep more of the win. No house margin in the middle.
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Frequently asked questions
What does -1500 mean?+
-1500 is a favorite. You risk $1,500.00 to win $100, and it implies about a 93.8% chance to win.
What does a $100 bet at -1500 win?+
It returns $106.67 total, which is $6.67 in profit.
What is -1500 as a probability?+
About 93.8%. That is the implied, break-even win rate at this price.
What is -1500 in decimal odds?+
-1500 equals 1.07 in decimal odds and 7/100 in fractional odds.
Bet -1500 at a better price.
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