Odds explained · odds-on price
−400 odds: payout and meaning
A minus sign means an odds-on price, the kind usually offered on the favorite. −400 means you have to stake $400.00 to win $100 in profit; a $100 bet wins $25.00 and returns $125.00 including your stake.
−400 payout chart
| Stake | Profit if it wins | Total payout |
|---|---|---|
| $10 | $2.50 | $12.50 |
| $20 | $5.00 | $25.00 |
| $25 | $6.25 | $31.25 |
| $50 | $12.50 | $62.50 |
| $100 | $25.00 | $125.00 |
| $200 | $50.00 | $250.00 |
| $500 | $125.00 | $625.00 |
| $1,000 | $250.00 | $1,250.00 |
Payout = stake + profit. A losing bet loses the stake; a push (tie, where offered) returns it. In pounds: £100 wins £25.00. Any stake: bet calculator.
How much to bet to win a set amount at −400
| To win (profit) | Stake needed |
|---|---|
| $10 | $40.00 |
| $50 | $200.00 |
| $100 | $400.00 |
| $500 | $2,000.00 |
Break-even win rate at −400
The implied probability of −400 is about 80.00% (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 −400 bet is good value depends only on whether your honest estimate of the chance beats that number — the EV calculator does the comparison.
−400 in a parlay
Two −400 legs parlayed combine to decimal odds of ≈ 1.56 (−178, rounded): a $100 two-leg parlay pays $156.25 if both win. Three legs: decimal ≈ 1.95 (−105, rounded), paying $195.31 on $100. For independent selections from different events, those prices imply a break-even chance of about 51.20% 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 |
|---|---|---|---|---|
| −1000 | 1/10 | 1.10 | 90.91% | $10.00 |
| −500 | 1/5 | 1.20 | 83.33% | $20.00 |
| −400 | 1/4 | 1.25 | 80.00% | $25.00 |
| −300 | 1/3 | 1.33 | 75.00% | $33.33 |
| −250 | 2/5 | 1.40 | 71.43% | $40.00 |
Full betting odds chart → · How betting odds work · 18+ — odds describe a price, not a prediction or a recommendation to bet.