What Does -380 Mean in Sports Betting?
-380 odds are favorite odds. A $100 bet returns $126.32 ($26.32 profit), and the price implies about a 79.2% chance to win. To win $100 outright you would risk $380.00.
At a glance
- Side
- Favorite
- $100 returns
- $126.32
- Profit on $100
- $26.32
- Implied probability
- 79.2%
- Decimal odds
- 1.26
- Fractional odds
- 13/50
Run the numbers
What does -380 mean in sports betting?
-380 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 -380 you risk $380.00 to win $100, because the market thinks this outcome is more likely than not.
What does a $100 bet at -380 pay?
A $100 bet at -380 returns $126.32 total, which is $26.32 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 -380
-380 implies a win probability of about 79.2%. 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.
-380 in decimal and fractional odds
-380 American equals 1.26 in decimal odds and 13/50 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 -380
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 -380 and you keep more of the win. No house margin in the middle.
Frequently asked questions
What does -380 mean?+
-380 is a favorite. You risk $380.00 to win $100, and it implies about a 79.2% chance to win.
What does a $100 bet at -380 win?+
It returns $126.32 total, which is $26.32 in profit.
What is -380 as a probability?+
About 79.2%. That is the implied, break-even win rate at this price.
What is -380 in decimal odds?+
-380 equals 1.26 in decimal odds and 13/50 in fractional odds.
Bet -380 at a better price.
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