-160 Odds Explained
- Decimal
- 1.63
- American
- -160
- Fractional
- 5/8
- Implied probability
- 61.54%
- Polymarket
- 62¢
- $100 wins
- 62.50
- American
- -160
- Fractional
- 5/8
- Implied probability
- 61.54%
- Polymarket
- 62¢
- Profit
- 62.50
- Total return
- 162.50
1.625 decimal, -160 American, 61.54% implied probability
-160 is an American price:
the minus sign marks a favourite, and the number is the stake needed to win 100
. Every other format describes the same chance: 1.63 decimal, 5/8 fractional, 61.54% implied probability, 62¢ on Polymarket.
What -160 pays
A 100 stake at -160 returns 162.50 in total: your 100 back plus 62.50 profit. To win exactly 100 you would stake 160.00. The table covers the stakes people actually use.
| Stake | Profit | Total return |
|---|---|---|
| 10 | 6.25 | 16.25 |
| 25 | 15.63 | 40.63 |
| 50 | 31.25 | 81.25 |
| 100 | 62.50 | 162.50 |
| 500 | 312.50 | 812.50 |
| 1,000 | 625.00 | 1,625.00 |
Break-even and long-run results
The implied probability of -160 is 61.54%, and that number is also the break-even win rate: win more often than 61.54% 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% | -18.8% |
| 55% | -10.6% |
| 60% | -2.5% |
| 62% | 0.8% |
| 65% | 5.6% |
With an implied probability of 61.54%, -160 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 -160
If both sides of a two-way market were priced at -160, the implied probabilities would add up to 23.08% above 100%. That excess is the overround, or vig; as a share of stakes it is a 18.75% 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.
-160 on a betting exchange
Exchanges charge commission on net winnings, so the price you see is not the price you get. At 2% commission -160 is worth 1.613 decimal (-163 American); at 5% it drops to 1.594 (-168). Those are the bookmaker prices you would need to beat.
| Commission | Effective decimal | Effective American | Break-even |
|---|---|---|---|
| 2% | 1.613 | -163 | 62.02% |
| 5% | 1.594 | -168 | 62.75% |
Same price in other formats
Same price in other formats
Nearby prices
Nearby prices
Frequently asked questions
What does -160 mean in betting?
-160 is an American price. Positive numbers show the profit on a 100 stake; negative numbers show the stake needed to win 100. At -160 the implied probability is 61.54% and a 100 stake returns 162.50.
What is -160 in decimal odds?
-160 converts to 1.625 in decimal odds (usually shown as 1.63). Decimal odds are the total return per unit staked, so multiply your stake by 1.625 to get the return.
What is -160 as a fraction?
-160 is 5/8 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 -160?
A 100 stake at -160 wins 62.50 in profit and returns 162.50 including the stake. To win exactly 100 you would stake 160.00.
What win rate do I need at -160?
The break-even win rate equals the implied probability, 61.54%. Winning more often than that at this price is profitable over the long run; winning less often loses money.