-206 Odds Explained
- Decimal
- 1.49
- American
- -206
- Fractional
- 33/68
- Implied probability
- 67.32%
- Polymarket
- 67¢
- $100 wins
- 48.54
- The fraction shown is the closest simple fraction to the odds rounded to 3 decimals, not an exact match.
- American
- -206
- Fractional
- 33/68
- Implied probability
- 67.32%
- Polymarket
- 67¢
- Profit
- 48.54
- Total return
- 148.54
1.485 decimal, -206 American, 67.32% implied probability
The price -206 converts to 1.49 decimal odds and 33/68 fractional odds. Read as a probability it says the bookmaker prices this outcome at 67.32%, 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 67¢.
What -206 pays
A 100 stake at -206 returns 148.54 in total: your 100 back plus 48.54 profit. To win exactly 100 you would stake 206.00. The table covers the stakes people actually use.
| Stake | Profit | Total return |
|---|---|---|
| 10 | 4.85 | 14.85 |
| 25 | 12.14 | 37.14 |
| 50 | 24.27 | 74.27 |
| 100 | 48.54 | 148.54 |
| 500 | 242.72 | 742.72 |
| 1,000 | 485.44 | 1,485.44 |
Break-even and long-run results
The implied probability of -206 is 67.32%, and that number is also the break-even win rate: win more often than 67.32% 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% | -25.7% |
| 55% | -18.3% |
| 60% | -10.9% |
| 65% | -3.4% |
| 67% | -0.5% |
-206 marks a clear favourite without being a lock: the implied chance is 67.32%, 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 -206
If both sides of a two-way market were priced at -206, the implied probabilities would add up to 34.64% above 100%. That excess is the overround, or vig; as a share of stakes it is a 25.73% 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.
-206 on a betting exchange
Exchanges charge commission on net winnings, so the price you see is not the price you get. At 2% commission -206 is worth 1.476 decimal (-210 American); at 5% it drops to 1.461 (-217). Those are the bookmaker prices you would need to beat.
| Commission | Effective decimal | Effective American | Break-even |
|---|---|---|---|
| 2% | 1.476 | -210 | 67.76% |
| 5% | 1.461 | -217 | 68.44% |
Same price in other formats
Nearby prices
Nearby prices
Frequently asked questions
What does -206 mean in betting?
-206 is an American price. Positive numbers show the profit on a 100 stake; negative numbers show the stake needed to win 100. At -206 the implied probability is 67.32% and a 100 stake returns 148.54.
What is -206 in decimal odds?
-206 converts to 1.485 in decimal odds (usually shown as 1.49). Decimal odds are the total return per unit staked, so multiply your stake by 1.485 to get the return.
What is -206 as a fraction?
-206 is 33/68 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 -206?
A 100 stake at -206 wins 48.54 in profit and returns 148.54 including the stake. To win exactly 100 you would stake 206.00.
What win rate do I need at -206?
The break-even win rate equals the implied probability, 67.32%. Winning more often than that at this price is profitable over the long run; winning less often loses money.