-132 Odds Explained
- Decimal
- 1.76
- American
- -132
- Fractional
- 25/33
- Implied probability
- 56.90%
- Polymarket
- 57¢
- $100 wins
- 75.76
- American
- -132
- Fractional
- 25/33
- Implied probability
- 56.90%
- Polymarket
- 57¢
- Profit
- 75.76
- Total return
- 175.76
1.758 decimal, -132 American, 56.90% implied probability
American odds of -132 mean
you risk 132 to win 100
. In decimal notation that is 1.76, in fractional notation 25/33, and the implied probability is 56.90%. On a prediction market the same price is a 57¢ share.
What -132 pays
A 100 stake at -132 returns 175.76 in total: your 100 back plus 75.76 profit. To win exactly 100 you would stake 132.00. The table covers the stakes people actually use.
| Stake | Profit | Total return |
|---|---|---|
| 10 | 7.58 | 17.58 |
| 25 | 18.94 | 43.94 |
| 50 | 37.88 | 87.88 |
| 100 | 75.76 | 175.76 |
| 500 | 378.79 | 878.79 |
| 1,000 | 757.58 | 1,757.58 |
Break-even and long-run results
The implied probability of -132 is 56.90%, and that number is also the break-even win rate: win more often than 56.90% 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% | -12.1% |
| 55% | -3.3% |
| 57% | 0.2% |
| 60% | 5.5% |
| 65% | 14.2% |
-132 marks a clear favourite without being a lock: the implied chance is 56.90%, so the bookmaker expects this outcome roughly two times in three. Moneylines on the better team in an evenly scheduled league, the higher-ranked tennis player, or the "under" in a low-total game are typical places to see it.
The vig at -132
If both sides of a two-way market were priced at -132, the implied probabilities would add up to 13.79% above 100%. That excess is the overround, or vig; as a share of stakes it is a 12.12% 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.
-132 on a betting exchange
Exchanges charge commission on net winnings, so the price you see is not the price you get. At 2% commission -132 is worth 1.742 decimal (-135 American); at 5% it drops to 1.720 (-139). Those are the bookmaker prices you would need to beat.
| Commission | Effective decimal | Effective American | Break-even |
|---|---|---|---|
| 2% | 1.742 | -135 | 57.39% |
| 5% | 1.720 | -139 | 58.15% |
Same price in other formats
Nearby prices
Nearby prices
Frequently asked questions
What does -132 mean in betting?
-132 is an American price. Positive numbers show the profit on a 100 stake; negative numbers show the stake needed to win 100. At -132 the implied probability is 56.90% and a 100 stake returns 175.76.
What is -132 in decimal odds?
-132 converts to 1.758 in decimal odds (usually shown as 1.76). Decimal odds are the total return per unit staked, so multiply your stake by 1.758 to get the return.
What is -132 as a fraction?
-132 is 25/33 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 -132?
A 100 stake at -132 wins 75.76 in profit and returns 175.76 including the stake. To win exactly 100 you would stake 132.00.
What win rate do I need at -132?
The break-even win rate equals the implied probability, 56.90%. Winning more often than that at this price is profitable over the long run; winning less often loses money.