What -110 Really Means
Odds are more than a payout. Every price tells you how often you need to win.
Move the price
-110
American price
Break-even win rate
52.38%
At -110, you need to win 52.38% of identical bets just to break even.
One possible 100-bet sequence52 wins · 48 losses
One possible 100-bet sequence at 52.38%. Read it left to right: winning about half the time still leaves stretches of several losses in a row.
WinLoss
Now play 100 bets
52 out of 100 is an expectation. Real results do not arrive this neatly.
One important distinction
52.38% is the break-even probability implied by -110. It is not proof that the true chance of winning is 52.38%.
See prices as percentages
-2001.50 decimal
66.67%Break-even
-1501.67 decimal
60.00%Break-even
-1101.91 decimal
52.38%Break-even
+1002.00 decimal
50.00%Break-even
+1502.50 decimal
40.00%Break-even
+2003.00 decimal
33.33%Break-even
Stop seeing odds as payouts.
Start seeing them as prices.
Once you can translate a price into a percentage, betting changes. Instead of asking only who will win, you can start asking whether the number is worth betting.
Build your first betting model from an empty spreadsheet.
See the Toolkit