+498 Odds Explained
- Decimal
- 5.98
- American
- +498
- Fractional
- 249/50
- Implied probability
- 16.72%
- Polymarket
- 17¢
- $100 wins
- 498.00
- American
- +498
- Fractional
- 249/50
- Implied probability
- 16.72%
- Polymarket
- 17¢
- Profit
- 498.00
- Total return
- 598.00
5.980 decimal, +498 American, 16.72% implied probability
American odds of +498 mean
a 100 stake wins 498
. In decimal notation that is 5.98, in fractional notation 249/50, and the implied probability is 16.72%. On a prediction market the same price is a 17¢ share.
What +498 pays
A 100 stake at +498 returns 598.00 in total: your 100 back plus 498.00 profit. To win exactly 100 you would stake 20.08. The table covers the stakes people actually use.
| Stake | Profit | Total return |
|---|---|---|
| 10 | 49.80 | 59.80 |
| 25 | 124.50 | 149.50 |
| 50 | 249.00 | 299.00 |
| 100 | 498.00 | 598.00 |
| 500 | 2,490.00 | 2,990.00 |
| 1,000 | 4,980.00 | 5,980.00 |
Break-even and long-run results
The implied probability of +498 is 16.72%, and that number is also the break-even win rate: win more often than 16.72% 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% | 1.7% |
| 50% | 199.0% |
| 55% | 228.9% |
| 60% | 258.8% |
| 65% | 288.7% |
+498 is a longshot. The bookmaker prices the outcome at 16.72%, and the payout of 498.00 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 +498
If both sides of a two-way market were priced at +498, the implied probabilities would add up to -66.56% above 100%. That excess is the overround, or vig; as a share of stakes it is a -199.00% 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.
+498 on a betting exchange
Exchanges charge commission on net winnings, so the price you see is not the price you get. At 2% commission +498 is worth 5.880 decimal (+488 American); at 5% it drops to 5.731 (+473). Those are the bookmaker prices you would need to beat.
| Commission | Effective decimal | Effective American | Break-even |
|---|---|---|---|
| 2% | 5.880 | +488 | 17.01% |
| 5% | 5.731 | +473 | 17.45% |
Same price in other formats
Nearby prices
Nearby prices
Frequently asked questions
What does +498 mean in betting?
+498 is an American price. Positive numbers show the profit on a 100 stake; negative numbers show the stake needed to win 100. At +498 the implied probability is 16.72% and a 100 stake returns 598.00.
What is +498 in decimal odds?
+498 converts to 5.980 in decimal odds (usually shown as 5.98). Decimal odds are the total return per unit staked, so multiply your stake by 5.980 to get the return.
What is +498 as a fraction?
+498 is 249/50 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 +498?
A 100 stake at +498 wins 498.00 in profit and returns 598.00 including the stake. To win exactly 100 you would stake 20.08.
What win rate do I need at +498?
The break-even win rate equals the implied probability, 16.72%. Winning more often than that at this price is profitable over the long run; winning less often loses money.