-381 Odds Explained
- Decimal
- 1.26
- American
- -381
- Fractional
- 21/80
- Implied probability
- 79.21%
- Polymarket
- 79¢
- $100 wins
- 26.25
- The fraction shown is the closest simple fraction to the odds rounded to 3 decimals, not an exact match.
- American
- -381
- Fractional
- 21/80
- Implied probability
- 79.21%
- Polymarket
- 79¢
- Profit
- 26.25
- Total return
- 126.25
1.262 decimal, -381 American, 79.21% implied probability
American odds of -381 mean
you risk 381 to win 100
. In decimal notation that is 1.26, in fractional notation 21/80, and the implied probability is 79.21%. On a prediction market the same price is a 79¢ share.
What -381 pays
A 100 stake at -381 returns 126.25 in total: your 100 back plus 26.25 profit. To win exactly 100 you would stake 381.00. The table covers the stakes people actually use.
| Stake | Profit | Total return |
|---|---|---|
| 10 | 2.62 | 12.62 |
| 25 | 6.56 | 31.56 |
| 50 | 13.12 | 63.12 |
| 100 | 26.25 | 126.25 |
| 500 | 131.23 | 631.23 |
| 1,000 | 262.47 | 1,262.47 |
Break-even and long-run results
The implied probability of -381 is 79.21%, and that number is also the break-even win rate: win more often than 79.21% 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% | -36.9% |
| 55% | -30.6% |
| 60% | -24.3% |
| 65% | -17.9% |
| 79% | -0.3% |
A price of -381 is deep odds-on. Bookmakers quote it when an outcome is close to a formality, and the margin they take is proportionally large at this end of the market. Sharp bettors tend to look at the other side of such a market, or at the exchange, where the same favourite is often available a tick or two better.
The vig at -381
If both sides of a two-way market were priced at -381, the implied probabilities would add up to 58.42% above 100%. That excess is the overround, or vig; as a share of stakes it is a 36.88% 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.
-381 on a betting exchange
Exchanges charge commission on net winnings, so the price you see is not the price you get. At 2% commission -381 is worth 1.257 decimal (-389 American); at 5% it drops to 1.249 (-401). Those are the bookmaker prices you would need to beat.
| Commission | Effective decimal | Effective American | Break-even |
|---|---|---|---|
| 2% | 1.257 | -389 | 79.54% |
| 5% | 1.249 | -401 | 80.04% |
Same price in other formats
Nearby prices
Nearby prices
Frequently asked questions
What does -381 mean in betting?
-381 is an American price. Positive numbers show the profit on a 100 stake; negative numbers show the stake needed to win 100. At -381 the implied probability is 79.21% and a 100 stake returns 126.25.
What is -381 in decimal odds?
-381 converts to 1.262 in decimal odds (usually shown as 1.26). Decimal odds are the total return per unit staked, so multiply your stake by 1.262 to get the return.
What is -381 as a fraction?
-381 is 21/80 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 -381?
A 100 stake at -381 wins 26.25 in profit and returns 126.25 including the stake. To win exactly 100 you would stake 381.00.
What win rate do I need at -381?
The break-even win rate equals the implied probability, 79.21%. Winning more often than that at this price is profitable over the long run; winning less often loses money.