+480 Odds Explained
- Decimal
- 5.80
- American
- +480
- Fractional
- 24/5
- Implied probability
- 17.24%
- Polymarket
- 17¢
- $100 wins
- 480.00
- American
- +480
- Fractional
- 24/5
- Implied probability
- 17.24%
- Polymarket
- 17¢
- Profit
- 480.00
- Total return
- 580.00
5.800 decimal, +480 American, 17.24% implied probability
+480 is an American price:
the plus sign marks an underdog, and the number is the profit on a 100 stake
. Every other format describes the same chance: 5.80 decimal, 24/5 fractional, 17.24% implied probability, 17¢ on Polymarket.
What +480 pays
A 100 stake at +480 returns 580.00 in total: your 100 back plus 480.00 profit. To win exactly 100 you would stake 20.83. The table covers the stakes people actually use.
| Stake | Profit | Total return |
|---|---|---|
| 10 | 48.00 | 58.00 |
| 25 | 120.00 | 145.00 |
| 50 | 240.00 | 290.00 |
| 100 | 480.00 | 580.00 |
| 500 | 2,400.00 | 2,900.00 |
| 1,000 | 4,800.00 | 5,800.00 |
Break-even and long-run results
The implied probability of +480 is 17.24%, and that number is also the break-even win rate: win more often than 17.24% 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 |
|---|---|
| 17% | -1.4% |
| 50% | 190.0% |
| 55% | 219.0% |
| 60% | 248.0% |
| 65% | 277.0% |
With an implied chance of 17.24%, a bet at +480 is expected to lose most of the time and to pay 480.00 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 +480
If both sides of a two-way market were priced at +480, the implied probabilities would add up to -65.52% above 100%. That excess is the overround, or vig; as a share of stakes it is a -190.00% 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.
+480 on a betting exchange
Exchanges charge commission on net winnings, so the price you see is not the price you get. At 2% commission +480 is worth 5.704 decimal (+470 American); at 5% it drops to 5.560 (+456). Those are the bookmaker prices you would need to beat.
| Commission | Effective decimal | Effective American | Break-even |
|---|---|---|---|
| 2% | 5.704 | +470 | 17.53% |
| 5% | 5.560 | +456 | 17.99% |
Same price in other formats
Nearby prices
Nearby prices
Frequently asked questions
What does +480 mean in betting?
+480 is an American price. Positive numbers show the profit on a 100 stake; negative numbers show the stake needed to win 100. At +480 the implied probability is 17.24% and a 100 stake returns 580.00.
What is +480 in decimal odds?
+480 converts to 5.800 in decimal odds (usually shown as 5.80). Decimal odds are the total return per unit staked, so multiply your stake by 5.800 to get the return.
What is +480 as a fraction?
+480 is 24/5 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 +480?
A 100 stake at +480 wins 480.00 in profit and returns 580.00 including the stake. To win exactly 100 you would stake 20.83.
What win rate do I need at +480?
The break-even win rate equals the implied probability, 17.24%. Winning more often than that at this price is profitable over the long run; winning less often loses money.