-496 Odds Explained
- Decimal
- 1.20
- American
- -496
- Fractional
- 20/99
- Implied probability
- 83.22%
- Polymarket
- 83¢
- $100 wins
- 20.16
- The fraction shown is the closest simple fraction to the odds rounded to 3 decimals, not an exact match.
- American
- -496
- Fractional
- 20/99
- Implied probability
- 83.22%
- Polymarket
- 83¢
- Profit
- 20.16
- Total return
- 120.16
1.202 decimal, -496 American, 83.22% implied probability
American odds of -496 mean
you risk 496 to win 100
. In decimal notation that is 1.20, in fractional notation 20/99, and the implied probability is 83.22%. On a prediction market the same price is a 83¢ share.
What -496 pays
A 100 stake at -496 returns 120.16 in total: your 100 back plus 20.16 profit. To win exactly 100 you would stake 496.00. The table covers the stakes people actually use.
| Stake | Profit | Total return |
|---|---|---|
| 10 | 2.02 | 12.02 |
| 25 | 5.04 | 30.04 |
| 50 | 10.08 | 60.08 |
| 100 | 20.16 | 120.16 |
| 500 | 100.81 | 600.81 |
| 1,000 | 201.61 | 1,201.61 |
Break-even and long-run results
The implied probability of -496 is 83.22%, and that number is also the break-even win rate: win more often than 83.22% 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% | -39.9% |
| 55% | -33.9% |
| 60% | -27.9% |
| 65% | -21.9% |
| 83% | -0.3% |
At 83.22% 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 83.22% of these bets just to stand still, and one loss wipes out several wins.
The vig at -496
If both sides of a two-way market were priced at -496, the implied probabilities would add up to 66.44% above 100%. That excess is the overround, or vig; as a share of stakes it is a 39.92% 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.
-496 on a betting exchange
Exchanges charge commission on net winnings, so the price you see is not the price you get. At 2% commission -496 is worth 1.198 decimal (-506 American); at 5% it drops to 1.192 (-522). Those are the bookmaker prices you would need to beat.
| Commission | Effective decimal | Effective American | Break-even |
|---|---|---|---|
| 2% | 1.198 | -506 | 83.50% |
| 5% | 1.192 | -522 | 83.93% |
Same price in other formats
Nearby prices
Nearby prices
Frequently asked questions
What does -496 mean in betting?
-496 is an American price. Positive numbers show the profit on a 100 stake; negative numbers show the stake needed to win 100. At -496 the implied probability is 83.22% and a 100 stake returns 120.16.
What is -496 in decimal odds?
-496 converts to 1.202 in decimal odds (usually shown as 1.20). Decimal odds are the total return per unit staked, so multiply your stake by 1.202 to get the return.
What is -496 as a fraction?
-496 is 20/99 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 -496?
A 100 stake at -496 wins 20.16 in profit and returns 120.16 including the stake. To win exactly 100 you would stake 496.00.
What win rate do I need at -496?
The break-even win rate equals the implied probability, 83.22%. Winning more often than that at this price is profitable over the long run; winning less often loses money.