+980 Odds Explained
- Decimal
- 10.80
- American
- +980
- Fractional
- 49/5
- Implied probability
- 9.26%
- Polymarket
- 9¢
- $100 wins
- 980.00
- American
- +980
- Fractional
- 49/5
- Implied probability
- 9.26%
- Polymarket
- 9¢
- Profit
- 980.00
- Total return
- 1,080.00
10.800 decimal, +980 American, 9.26% implied probability
The price +980 converts to 10.80 decimal odds and 49/5 fractional odds. Read as a probability it says the bookmaker prices this outcome at 9.26%, 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 9¢.
What +980 pays
A 100 stake at +980 returns 1,080.00 in total: your 100 back plus 980.00 profit. To win exactly 100 you would stake 10.20. The table covers the stakes people actually use.
| Stake | Profit | Total return |
|---|---|---|
| 10 | 98.00 | 108.00 |
| 25 | 245.00 | 270.00 |
| 50 | 490.00 | 540.00 |
| 100 | 980.00 | 1,080.00 |
| 500 | 4,900.00 | 5,400.00 |
| 1,000 | 9,800.00 | 10,800.00 |
Break-even and long-run results
The implied probability of +980 is 9.26%, and that number is also the break-even win rate: win more often than 9.26% 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 |
|---|---|
| 9% | -2.8% |
| 50% | 440.0% |
| 55% | 494.0% |
| 60% | 548.0% |
| 65% | 602.0% |
+980 is a longshot. The bookmaker prices the outcome at 9.26%, and the payout of 980.00 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 +980
If both sides of a two-way market were priced at +980, the implied probabilities would add up to -81.48% above 100%. That excess is the overround, or vig; as a share of stakes it is a -440.00% 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.
+980 on a betting exchange
Exchanges charge commission on net winnings, so the price you see is not the price you get. At 2% commission +980 is worth 10.604 decimal (+960 American); at 5% it drops to 10.310 (+931). Those are the bookmaker prices you would need to beat.
| Commission | Effective decimal | Effective American | Break-even |
|---|---|---|---|
| 2% | 10.604 | +960 | 9.43% |
| 5% | 10.310 | +931 | 9.70% |
Same price in other formats
Nearby prices
Nearby prices
Frequently asked questions
What does +980 mean in betting?
+980 is an American price. Positive numbers show the profit on a 100 stake; negative numbers show the stake needed to win 100. At +980 the implied probability is 9.26% and a 100 stake returns 1,080.00.
What is +980 in decimal odds?
+980 converts to 10.800 in decimal odds (usually shown as 10.80). Decimal odds are the total return per unit staked, so multiply your stake by 10.800 to get the return.
What is +980 as a fraction?
+980 is 49/5 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 +980?
A 100 stake at +980 wins 980.00 in profit and returns 1,080.00 including the stake. To win exactly 100 you would stake 10.20.
What win rate do I need at +980?
The break-even win rate equals the implied probability, 9.26%. Winning more often than that at this price is profitable over the long run; winning less often loses money.