Odds explained · odds-on price
−200 odds: payout and meaning
A minus sign means an odds-on price, the kind usually offered on the favorite. −200 means you have to stake $200.00 to win $100 in profit; a $100 bet wins $50.00 and returns $150.00 including your stake.
−200 payout chart
| Stake | Profit if it wins | Total payout |
|---|---|---|
| $10 | $5.00 | $15.00 |
| $20 | $10.00 | $30.00 |
| $25 | $12.50 | $37.50 |
| $50 | $25.00 | $75.00 |
| $100 | $50.00 | $150.00 |
| $200 | $100.00 | $300.00 |
| $500 | $250.00 | $750.00 |
| $1,000 | $500.00 | $1,500.00 |
Payout = stake + profit. A losing bet loses the stake; a push (tie, where offered) returns it. In pounds: £100 wins £50.00. Any stake: bet calculator.
How much to bet to win a set amount at −200
| To win (profit) | Stake needed |
|---|---|
| $10 | $20.00 |
| $50 | $100.00 |
| $100 | $200.00 |
| $500 | $1,000.00 |
Break-even win rate at −200
The implied probability of −200 is about 66.67% (1 ÷ the exact decimal odds, shown rounded). That is the break-even win rate: if you bet this price many times on win-or-lose bets, you need to win more often than that to come out ahead. Whether a −200 bet is good value depends only on whether your honest estimate of the chance beats that number — the EV calculator does the comparison.
−200 in a parlay
Two −200 legs parlayed combine to decimal odds of 2.25 (+125): a $100 two-leg parlay pays $225.00 if both win. Three legs: decimal ≈ 3.38 (+238, rounded), paying $337.50 on $100. For independent selections from different events, those prices imply a break-even chance of about 29.63% for all three winning — an implied figure that includes each price’s margin, not a forecast; bookmakers may refuse or reprice related selections. Payouts use the exact, unrounded combined odds. Build your own with the parlay calculator.
Compare nearby odds
| Odds | Fractional | Decimal | Implied probability | $100 wins |
|---|---|---|---|---|
| −300 | 1/3 | 1.33 | 75.00% | $33.33 |
| −250 | 2/5 | 1.40 | 71.43% | $40.00 |
| −200 | 1/2 | 1.50 | 66.67% | $50.00 |
| −175 | 4/7 | 1.57 | 63.64% | $57.14 |
| −160 | 5/8 | 1.63 | 61.54% | $62.50 |
Full betting odds chart → · How betting odds work · 18+ — odds describe a price, not a prediction or a recommendation to bet.