-150 ODDS DEFINITION

What does odds of -150 mean?

If you were to bet $10 on -150 odds you would receive $6.70 in profit if this outcome won. Odds accompanied with a negative sign (-) indicate that this is the favorite and this outcome will have a higher chance of winning compared to an underdog, however favorites will yield a lower profit if they win.

The implied win probability of -150 odds is 60%. If you'd like to see the implied win probability of other odds values you can check our Moneyline Converter.

American Odds of -150 when converted to decimal odds are $1.67 and when converted fractional odds are 2/3. If you’d like to convert other odds values in different formats, please check out our Odds Converter.