-348 Odds Explained
- Decimal
- 1.29
- American
- -348
- Fractional
- 25/87
- Implied probability
- 77.68%
- Polymarket
- 78¢
- $100 wins
- 28.74
- American
- -348
- Fractional
- 25/87
- Implied probability
- 77.68%
- Polymarket
- 78¢
- Profit
- 28.74
- Total return
- 128.74
1.287 decimal, -348 American, 77.68% implied probability
American odds of -348 mean
you risk 348 to win 100
. In decimal notation that is 1.29, in fractional notation 25/87, and the implied probability is 77.68%. On a prediction market the same price is a 78¢ share.
What -348 pays
A 100 stake at -348 returns 128.74 in total: your 100 back plus 28.74 profit. To win exactly 100 you would stake 348.00. The table covers the stakes people actually use.
| Stake | Profit | Total return |
|---|---|---|
| 10 | 2.87 | 12.87 |
| 25 | 7.18 | 32.18 |
| 50 | 14.37 | 64.37 |
| 100 | 28.74 | 128.74 |
| 500 | 143.68 | 643.68 |
| 1,000 | 287.36 | 1,287.36 |
Break-even and long-run results
The implied probability of -348 is 77.68%, and that number is also the break-even win rate: win more often than 77.68% 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% | -35.6% |
| 55% | -29.2% |
| 60% | -22.8% |
| 65% | -16.3% |
| 78% | 0.4% |
At 77.68% this is a heavy favourite. Prices this short appear when one side is expected to win comfortably: a top seed against a qualifier, a strong home team against a relegation candidate, or a moneyline in a game with a double-digit spread. The catch is the payout. You need to win more than 77.68% of these bets just to stand still, and one loss wipes out several wins.
The vig at -348
If both sides of a two-way market were priced at -348, the implied probabilities would add up to 55.36% above 100%. That excess is the overround, or vig; as a share of stakes it is a 35.63% 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.
-348 on a betting exchange
Exchanges charge commission on net winnings, so the price you see is not the price you get. At 2% commission -348 is worth 1.282 decimal (-355 American); at 5% it drops to 1.273 (-366). Those are the bookmaker prices you would need to beat.
| Commission | Effective decimal | Effective American | Break-even |
|---|---|---|---|
| 2% | 1.282 | -355 | 78.03% |
| 5% | 1.273 | -366 | 78.56% |
Same price in other formats
Nearby prices
Nearby prices
Frequently asked questions
What does -348 mean in betting?
-348 is an American price. Positive numbers show the profit on a 100 stake; negative numbers show the stake needed to win 100. At -348 the implied probability is 77.68% and a 100 stake returns 128.74.
What is -348 in decimal odds?
-348 converts to 1.287 in decimal odds (usually shown as 1.29). Decimal odds are the total return per unit staked, so multiply your stake by 1.287 to get the return.
What is -348 as a fraction?
-348 is 25/87 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 -348?
A 100 stake at -348 wins 28.74 in profit and returns 128.74 including the stake. To win exactly 100 you would stake 348.00.
What win rate do I need at -348?
The break-even win rate equals the implied probability, 77.68%. Winning more often than that at this price is profitable over the long run; winning less often loses money.