-148 Odds Explained
- Decimal
- 1.68
- American
- -148
- Fractional
- 25/37
- Implied probability
- 59.68%
- Polymarket
- 60¢
- $100 wins
- 67.57
- American
- -148
- Fractional
- 25/37
- Implied probability
- 59.68%
- Polymarket
- 60¢
- Profit
- 67.57
- Total return
- 167.57
1.676 decimal, -148 American, 59.68% implied probability
The price -148 converts to 1.68 decimal odds and 25/37 fractional odds. Read as a probability it says the bookmaker prices this outcome at 59.68%, 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 60¢.
What -148 pays
A 100 stake at -148 returns 167.57 in total: your 100 back plus 67.57 profit. To win exactly 100 you would stake 148.00. The table covers the stakes people actually use.
| Stake | Profit | Total return |
|---|---|---|
| 10 | 6.76 | 16.76 |
| 25 | 16.89 | 41.89 |
| 50 | 33.78 | 83.78 |
| 100 | 67.57 | 167.57 |
| 500 | 337.84 | 837.84 |
| 1,000 | 675.68 | 1,675.68 |
Break-even and long-run results
The implied probability of -148 is 59.68%, and that number is also the break-even win rate: win more often than 59.68% 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% | -16.2% |
| 55% | -7.8% |
| 60% | 0.5% |
| 65% | 8.9% |
With an implied probability of 59.68%, -148 is a moderate favourite. Prices in this band are where the bookmaker's margin is easiest to see: the opposite side of the market is usually priced a little longer than the fair line, and the two implied probabilities add up to more than 100%.
The vig at -148
If both sides of a two-way market were priced at -148, the implied probabilities would add up to 19.35% above 100%. That excess is the overround, or vig; as a share of stakes it is a 16.22% 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.
-148 on a betting exchange
Exchanges charge commission on net winnings, so the price you see is not the price you get. At 2% commission -148 is worth 1.662 decimal (-151 American); at 5% it drops to 1.642 (-156). Those are the bookmaker prices you would need to beat.
| Commission | Effective decimal | Effective American | Break-even |
|---|---|---|---|
| 2% | 1.662 | -151 | 60.16% |
| 5% | 1.642 | -156 | 60.91% |
Same price in other formats
Same price in other formats
Nearby prices
Nearby prices
Frequently asked questions
What does -148 mean in betting?
-148 is an American price. Positive numbers show the profit on a 100 stake; negative numbers show the stake needed to win 100. At -148 the implied probability is 59.68% and a 100 stake returns 167.57.
What is -148 in decimal odds?
-148 converts to 1.676 in decimal odds (usually shown as 1.68). Decimal odds are the total return per unit staked, so multiply your stake by 1.676 to get the return.
What is -148 as a fraction?
-148 is 25/37 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 -148?
A 100 stake at -148 wins 67.57 in profit and returns 167.57 including the stake. To win exactly 100 you would stake 148.00.
What win rate do I need at -148?
The break-even win rate equals the implied probability, 59.68%. Winning more often than that at this price is profitable over the long run; winning less often loses money.