What Does +1500 Mean in Sports Betting?
+1500 odds are underdog odds. A $100 bet returns $1,600.00 ($1,500.00 profit), and the price implies about a 6.3% chance to win. You only risk $6.67 to win $100.
At a glance
- Side
- Underdog
- $100 returns
- $1,600.00
- Profit on $100
- $1,500.00
- Implied probability
- 6.3%
- Decimal odds
- 16.00
- Fractional odds
- 15/1
Run the numbers
What does +1500 mean in sports betting?
+1500 is an underdog price. The plus sign means the team is the underdog, and the number is how much you win on a $100 bet. At +1500 a winning $100 bet profits $1,500.00, because the market sees this outcome as less likely.
What does a $100 bet at +1500 pay?
A $100 bet at +1500 returns $1,600.00 total, which is $1,500.00 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 6.3%. 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 16.00 in decimal odds and 15/1 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.
Related odds
Frequently asked questions
What does +1500 mean?+
+1500 is an underdog. A $100 bet wins $1,500.00, and it implies about a 6.3% chance to win.
What does a $100 bet at +1500 win?+
It returns $1,600.00 total, which is $1,500.00 in profit.
What is +1500 as a probability?+
About 6.3%. That is the implied, break-even win rate at this price.
What is +1500 in decimal odds?+
+1500 equals 16.00 in decimal odds and 15/1 in fractional odds.
Bet +1500 at a better price.
No house juice. Sign up for a shot at up to $100. No deposit needed.