+489 Odds Explained
- Decimal
- 5.89
- American
- +489
- Fractional
- 489/100
- Implied probability
- 16.98%
- Polymarket
- 17¢
- $100 wins
- 489.00
- American
- +489
- Fractional
- 489/100
- Implied probability
- 16.98%
- Polymarket
- 17¢
- Profit
- 489.00
- Total return
- 589.00
5.890 decimal, +489 American, 16.98% implied probability
American odds of +489 mean
a 100 stake wins 489
. In decimal notation that is 5.89, in fractional notation 489/100, and the implied probability is 16.98%. On a prediction market the same price is a 17¢ share.
What +489 pays
A 100 stake at +489 returns 589.00 in total: your 100 back plus 489.00 profit. To win exactly 100 you would stake 20.45. The table covers the stakes people actually use.
| Stake | Profit | Total return |
|---|---|---|
| 10 | 48.90 | 58.90 |
| 25 | 122.25 | 147.25 |
| 50 | 244.50 | 294.50 |
| 100 | 489.00 | 589.00 |
| 500 | 2,445.00 | 2,945.00 |
| 1,000 | 4,890.00 | 5,890.00 |
Break-even and long-run results
The implied probability of +489 is 16.98%, and that number is also the break-even win rate: win more often than 16.98% 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% | 0.1% |
| 50% | 194.5% |
| 55% | 224.0% |
| 60% | 253.4% |
| 65% | 282.9% |
+489 is a longshot. The bookmaker prices the outcome at 16.98%, and the payout of 489.00 per 100 staked is the compensation for how rarely it lands. Longshots carry more margin than any other part of the market, which is why devigging methods disagree most at prices like this one.
The vig at +489
If both sides of a two-way market were priced at +489, the implied probabilities would add up to -66.04% above 100%. That excess is the overround, or vig; as a share of stakes it is a -194.50% 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.
+489 on a betting exchange
Exchanges charge commission on net winnings, so the price you see is not the price you get. At 2% commission +489 is worth 5.792 decimal (+479 American); at 5% it drops to 5.645 (+465). Those are the bookmaker prices you would need to beat.
| Commission | Effective decimal | Effective American | Break-even |
|---|---|---|---|
| 2% | 5.792 | +479 | 17.26% |
| 5% | 5.645 | +465 | 17.71% |
Same price in other formats
Same price in other formats
Nearby prices
Nearby prices
Frequently asked questions
What does +489 mean in betting?
+489 is an American price. Positive numbers show the profit on a 100 stake; negative numbers show the stake needed to win 100. At +489 the implied probability is 16.98% and a 100 stake returns 589.00.
What is +489 in decimal odds?
+489 converts to 5.890 in decimal odds (usually shown as 5.89). Decimal odds are the total return per unit staked, so multiply your stake by 5.890 to get the return.
What is +489 as a fraction?
+489 is 489/100 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 +489?
A 100 stake at +489 wins 489.00 in profit and returns 589.00 including the stake. To win exactly 100 you would stake 20.45.
What win rate do I need at +489?
The break-even win rate equals the implied probability, 16.98%. Winning more often than that at this price is profitable over the long run; winning less often loses money.