What Does -160 Mean in Sports Betting?

-160 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 -160 you risk $160.00 to win $100, because the market thinks this outcome is more likely than not.

+160 is the underdog price: a $100 bet at +160 wins $160.00 profit ($260.00 back), with an implied probability of about 38.5%. -160 is the reverse, a favorite price where you risk $160.00 to win $100. At a sportsbook, the underdog opposite a -160 favorite is usually priced below +160, because the vig comes out of both sides. See the full +160 odds breakdown.

A $100 bet at -160 returns $162.50 total, which is $62.50 in profit. Scale it to any stake with the betting calculator, or add -160 as a leg in the parlay calculator to see what it does to a multi-leg payout. The payout is the same idea at any book; what changes is how much vig is buried in the price.

-160 implies a win probability of about 61.5%. That is the break-even rate: if you think the real chance is higher, the bet has value. Devig the market with the no-vig calculator to compare it to the fair number. On a prediction market, the same 62% reads as a contract priced near 62 cents; the prediction market calculator converts between the two.

-160 American equals 1.63 in decimal odds and 63/100 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.

Every American price at a sportsbook includes the vig. BettorEdge is a peer-to-peer betting exchange: you trade at market-fair odds with other bettors, so the same outcome can pay more than -160 and you keep more of the win. No house margin in the middle.