-111 Odds Explained
- Decimal
- 1.90
- American
- -111
- Fractional
- 82/91
- Implied probability
- 52.61%
- Polymarket
- 53¢
- $100 wins
- 90.09
- The fraction shown is the closest simple fraction to the odds rounded to 3 decimals, not an exact match.
- American
- -111
- Fractional
- 82/91
- Implied probability
- 52.61%
- Polymarket
- 53¢
- Profit
- 90.09
- Total return
- 190.09
1.901 decimal, -111 American, 52.61% implied probability
The price -111 converts to 1.90 decimal odds and 82/91 fractional odds. Read as a probability it says the bookmaker prices this outcome at 52.61%, which is the share of the time you would need to win just to break even. A prediction market would quote the same chance as 53¢.
What -111 pays
A 100 stake at -111 returns 190.09 in total: your 100 back plus 90.09 profit. To win exactly 100 you would stake 111.00. The table covers the stakes people actually use.
| Stake | Profit | Total return |
|---|---|---|
| 10 | 9.01 | 19.01 |
| 25 | 22.52 | 47.52 |
| 50 | 45.05 | 95.05 |
| 100 | 90.09 | 190.09 |
| 500 | 450.45 | 950.45 |
| 1,000 | 900.90 | 1,900.90 |
Break-even and long-run results
The implied probability of -111 is 52.61%, and that number is also the break-even win rate: win more often than 52.61% of the time at this price and you profit in the long run, win less often and you lose. The table shows the return on stake at a few win rates, including the break-even rate itself.
| Win rate | Return on stake |
|---|---|
| 50% | -5.0% |
| 53% | 0.7% |
| 55% | 4.5% |
| 60% | 14.1% |
| 65% | 23.6% |
An implied probability of 52.61% makes -111 a near-even price. This is the natural home of handicap and over/under markets, where the bookmaker adjusts the line rather than the price and both sides are quoted a shade under 2.00 decimal.
The vig at -111
If both sides of a two-way market were priced at -111, the implied probabilities would add up to 5.21% above 100%. That excess is the overround, or vig; as a share of stakes it is a 4.95% margin for the bookmaker. Removing it leaves fair odds of 2.00 decimal ( +100) on each side. Use the devig calculator to do the same for any market.
-111 on a betting exchange
Exchanges charge commission on net winnings, so the price you see is not the price you get. At 2% commission -111 is worth 1.883 decimal (-113 American); at 5% it drops to 1.856 (-117). Those are the bookmaker prices you would need to beat.
| Commission | Effective decimal | Effective American | Break-even |
|---|---|---|---|
| 2% | 1.883 | -113 | 53.11% |
| 5% | 1.856 | -117 | 53.88% |
Same price in other formats
Same price in other formats
Nearby prices
Nearby prices
Frequently asked questions
What does -111 mean in betting?
-111 is an American price. Positive numbers show the profit on a 100 stake; negative numbers show the stake needed to win 100. At -111 the implied probability is 52.61% and a 100 stake returns 190.09.
What is -111 in decimal odds?
-111 converts to 1.901 in decimal odds (usually shown as 1.90). Decimal odds are the total return per unit staked, so multiply your stake by 1.901 to get the return.
What is -111 as a fraction?
-111 is 82/91 in fractional odds, the traditional bookmaker notation where the top number is profit and the bottom number is stake.
How much do I win on a 100 bet at -111?
A 100 stake at -111 wins 90.09 in profit and returns 190.09 including the stake. To win exactly 100 you would stake 111.00.
What win rate do I need at -111?
The break-even win rate equals the implied probability, 52.61%. Winning more often than that at this price is profitable over the long run; winning less often loses money.