+381 Odds Explained
- Decimal
- 4.81
- American
- +381
- Fractional
- 381/100
- Implied probability
- 20.79%
- Polymarket
- 21¢
- $100 wins
- 381.00
- American
- +381
- Fractional
- 381/100
- Implied probability
- 20.79%
- Polymarket
- 21¢
- Profit
- 381.00
- Total return
- 481.00
4.810 decimal, +381 American, 20.79% implied probability
The price +381 converts to 4.81 decimal odds and 381/100 fractional odds. Read as a probability it says the bookmaker prices this outcome at 20.79%, 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 21¢.
What +381 pays
A 100 stake at +381 returns 481.00 in total: your 100 back plus 381.00 profit. To win exactly 100 you would stake 26.25. The table covers the stakes people actually use.
| Stake | Profit | Total return |
|---|---|---|
| 10 | 38.10 | 48.10 |
| 25 | 95.25 | 120.25 |
| 50 | 190.50 | 240.50 |
| 100 | 381.00 | 481.00 |
| 500 | 1,905.00 | 2,405.00 |
| 1,000 | 3,810.00 | 4,810.00 |
Break-even and long-run results
The implied probability of +381 is 20.79%, and that number is also the break-even win rate: win more often than 20.79% 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 |
|---|---|
| 21% | 1.0% |
| 50% | 140.5% |
| 55% | 164.6% |
| 60% | 188.6% |
| 65% | 212.7% |
With an implied chance of 20.79%, a bet at +381 is expected to lose most of the time and to pay 381.00 on 100 when it does not. Outright markets, correct scores and big upsets are where these prices appear, and they are the prices bookmakers shade the hardest.
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 -140.50% 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 4.734 decimal (+373 American); at 5% it drops to 4.620 (+362). Those are the bookmaker prices you would need to beat.
| Commission | Effective decimal | Effective American | Break-even |
|---|---|---|---|
| 2% | 4.734 | +373 | 21.12% |
| 5% | 4.620 | +362 | 21.65% |
Same price in other formats
Nearby prices
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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 20.79% and a 100 stake returns 481.00.
What is +381 in decimal odds?
+381 converts to 4.810 in decimal odds (usually shown as 4.81). Decimal odds are the total return per unit staked, so multiply your stake by 4.810 to get the return.
What is +381 as a fraction?
+381 is 381/100 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 381.00 in profit and returns 481.00 including the stake. To win exactly 100 you would stake 26.25.
What win rate do I need at +381?
The break-even win rate equals the implied probability, 20.79%. Winning more often than that at this price is profitable over the long run; winning less often loses money.