+116 Odds Explained
- Decimal
- 2.16
- American
- +116
- Fractional
- 29/25
- Implied probability
- 46.30%
- Polymarket
- 46¢
- $100 wins
- 116.00
- American
- +116
- Fractional
- 29/25
- Implied probability
- 46.30%
- Polymarket
- 46¢
- Profit
- 116.00
- Total return
- 216.00
2.160 decimal, +116 American, 46.30% implied probability
American odds of +116 mean
a 100 stake wins 116
. In decimal notation that is 2.16, in fractional notation 29/25, and the implied probability is 46.30%. On a prediction market the same price is a 46¢ share.
What +116 pays
A 100 stake at +116 returns 216.00 in total: your 100 back plus 116.00 profit. To win exactly 100 you would stake 86.21. The table covers the stakes people actually use.
| Stake | Profit | Total return |
|---|---|---|
| 10 | 11.60 | 21.60 |
| 25 | 29.00 | 54.00 |
| 50 | 58.00 | 108.00 |
| 100 | 116.00 | 216.00 |
| 500 | 580.00 | 1,080.00 |
| 1,000 | 1,160.00 | 2,160.00 |
Break-even and long-run results
The implied probability of +116 is 46.30%, and that number is also the break-even win rate: win more often than 46.30% 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 |
|---|---|
| 46% | -0.6% |
| 50% | 8.0% |
| 55% | 18.8% |
| 60% | 29.6% |
| 65% | 40.4% |
An implied probability of 46.30% makes +116 a near-even price. This is the natural home of handicap and over/under markets, where the bookmaker adjusts the line rather than the price and both sides are quoted a shade under 2.00 decimal.
The vig at +116
If both sides of a two-way market were priced at +116, the implied probabilities would add up to -7.41% above 100%. That excess is the overround, or vig; as a share of stakes it is a -8.00% 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.
+116 on a betting exchange
Exchanges charge commission on net winnings, so the price you see is not the price you get. At 2% commission +116 is worth 2.137 decimal (+114 American); at 5% it drops to 2.102 (+110). Those are the bookmaker prices you would need to beat.
| Commission | Effective decimal | Effective American | Break-even |
|---|---|---|---|
| 2% | 2.137 | +114 | 46.80% |
| 5% | 2.102 | +110 | 47.57% |
Same price in other formats
Nearby prices
Nearby prices
Frequently asked questions
What does +116 mean in betting?
+116 is an American price. Positive numbers show the profit on a 100 stake; negative numbers show the stake needed to win 100. At +116 the implied probability is 46.30% and a 100 stake returns 216.00.
What is +116 in decimal odds?
+116 converts to 2.160 in decimal odds (usually shown as 2.16). Decimal odds are the total return per unit staked, so multiply your stake by 2.160 to get the return.
What is +116 as a fraction?
+116 is 29/25 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 +116?
A 100 stake at +116 wins 116.00 in profit and returns 216.00 including the stake. To win exactly 100 you would stake 86.21.
What win rate do I need at +116?
The break-even win rate equals the implied probability, 46.30%. Winning more often than that at this price is profitable over the long run; winning less often loses money.