1.62 Decimal Odds Explained
- Decimal
- 1.62
- American
- -161
- Fractional
- 31/50
- Implied probability
- 61.73%
- Polymarket
- 62¢
- $100 wins
- 62.00
- American
- -161
- Fractional
- 31/50
- Implied probability
- 61.73%
- Polymarket
- 62¢
- Profit
- 62.00
- Total return
- 162.00
1.620 decimal, -161 American, 61.73% implied probability
A price of 1.62 carries an implied probability of 61.73%. That is the share of the time the bookmaker expects this outcome, margin included. In other formats it reads -161 (American), 31/50 (fractional) and 62¢ on a prediction market.
What 1.62 pays
Multiply the stake by 1.62 to get the total return. A 100 stake returns 162.00, of which 62.00 is profit. To win 100 in profit you would need to stake 161.29.
| Stake | Profit | Total return |
|---|---|---|
| 10 | 6.20 | 16.20 |
| 25 | 15.50 | 40.50 |
| 50 | 31.00 | 81.00 |
| 100 | 62.00 | 162.00 |
| 500 | 310.00 | 810.00 |
| 1,000 | 620.00 | 1,620.00 |
Break-even and long-run results
One divided by 1.62 is 61.73%: the implied probability, and the win rate at which betting this price neither makes nor loses money. The rows below show the return on stake at several win rates.
| Win rate | Return on stake |
|---|---|
| 50% | -19.0% |
| 55% | -10.9% |
| 60% | -2.8% |
| 62% | 0.4% |
| 65% | 5.3% |
1.62 is a favourite's price with an implied probability of 61.73%. Bookmakers place their margin unevenly across a market, and in this band the favourite usually carries a smaller share of it than the outsider does, which makes favourites the side to compare across books first.
Converting 1.62 by hand
Every other format follows from the decimal price in one step. Implied probability is one divided by 1.62, which gives 61.73%. American odds depend on which side of 2.00 the price sits: below 2.00, divide −100 by (1.62 − 1) to get -161. The fraction is 1.62 − 1 written as a ratio and snapped to the nearest traditional price, 31/50. A prediction market simply quotes the probability in cents: 62¢.
The vig at 1.62
If both sides of a two-way market were 1.62, their implied probabilities would sum to 23.46% above 100%. That is the overround; as a share of stakes it is a 19.00% margin. The fair price with the margin removed is 2.00 on each side. The devig calculator does this for any market and any method.
1.62 on a betting exchange
Exchange commission comes off winnings, so 1.62 at 2% commission is really 1.608, and at 5% it is 1.589. The break-even win rate rises accordingly.
| Commission | Effective decimal | Effective American | Break-even |
|---|---|---|---|
| 2% | 1.608 | -165 | 62.20% |
| 5% | 1.589 | -170 | 62.93% |
Same price in other formats
Nearby prices
Nearby prices
Frequently asked questions
What does 1.62 decimal odds mean?
Decimal odds of 1.62 return 1.62 for every 1.00 staked, including the stake, so the profit is 1.62 minus 1. The implied probability is 61.73%.
What is 1.62 in American odds?
1.62 decimal is -161 in American odds. Prices of 2.00 and above convert with (decimal − 1) × 100; prices below 2.00 with −100 / (decimal − 1).
What is 1.62 as a fraction?
1.62 is 31/50 in fractional odds: subtract 1 from the decimal price and express the result as a fraction.
How much does 100 return at 1.62?
100 × 1.62 = 162.00 total return, of which 62.00 is profit.
What win rate breaks even at 1.62?
1 / 1.62 = 61.73%. Win more often than that and the price is profitable; the bookmaker's margin means both sides of a market usually sit a little under fair.