-114 Odds Explained
- Decimal
- 1.88
- American
- -114
- Fractional
- 50/57
- Implied probability
- 53.27%
- Polymarket
- 53¢
- $100 wins
- 87.72
- American
- -114
- Fractional
- 50/57
- Implied probability
- 53.27%
- Polymarket
- 53¢
- Profit
- 87.72
- Total return
- 187.72
1.877 decimal, -114 American, 53.27% implied probability
American odds of -114 mean
you risk 114 to win 100
. In decimal notation that is 1.88, in fractional notation 50/57, and the implied probability is 53.27%. On a prediction market the same price is a 53¢ share.
What -114 pays
A 100 stake at -114 returns 187.72 in total: your 100 back plus 87.72 profit. To win exactly 100 you would stake 114.00. The table covers the stakes people actually use.
| Stake | Profit | Total return |
|---|---|---|
| 10 | 8.77 | 18.77 |
| 25 | 21.93 | 46.93 |
| 50 | 43.86 | 93.86 |
| 100 | 87.72 | 187.72 |
| 500 | 438.60 | 938.60 |
| 1,000 | 877.19 | 1,877.19 |
Break-even and long-run results
The implied probability of -114 is 53.27%, and that number is also the break-even win rate: win more often than 53.27% 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% | -6.1% |
| 53% | -0.5% |
| 55% | 3.2% |
| 60% | 12.6% |
| 65% | 22.0% |
-114 sits close to even money. The bookmaker sees this as roughly a coin flip, with the margin nudging both sides of the market a little under fair. Point spreads and totals live here: the line moves to make each side about a 50% proposition, and the price carries the juice.
The vig at -114
If both sides of a two-way market were priced at -114, the implied probabilities would add up to 6.54% above 100%. That excess is the overround, or vig; as a share of stakes it is a 6.14% 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.
-114 on a betting exchange
Exchanges charge commission on net winnings, so the price you see is not the price you get. At 2% commission -114 is worth 1.860 decimal (-116 American); at 5% it drops to 1.833 (-120). Those are the bookmaker prices you would need to beat.
| Commission | Effective decimal | Effective American | Break-even |
|---|---|---|---|
| 2% | 1.860 | -116 | 53.77% |
| 5% | 1.833 | -120 | 54.55% |
Same price in other formats
Same price in other formats
Nearby prices
Nearby prices
Frequently asked questions
What does -114 mean in betting?
-114 is an American price. Positive numbers show the profit on a 100 stake; negative numbers show the stake needed to win 100. At -114 the implied probability is 53.27% and a 100 stake returns 187.72.
What is -114 in decimal odds?
-114 converts to 1.877 in decimal odds (usually shown as 1.88). Decimal odds are the total return per unit staked, so multiply your stake by 1.877 to get the return.
What is -114 as a fraction?
-114 is 50/57 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 -114?
A 100 stake at -114 wins 87.72 in profit and returns 187.72 including the stake. To win exactly 100 you would stake 114.00.
What win rate do I need at -114?
The break-even win rate equals the implied probability, 53.27%. Winning more often than that at this price is profitable over the long run; winning less often loses money.