What does odds of +500 mean?
If you were to bet $10 on +500 odds you would receive $50.00 in profit if this outcome won. Odds accompanied with a positive sign (+) indicate that this is the underdog and this outcome will have a lower chance of winning compared to a favorite, however underdogs will yield a higher profit if they win.
American Odds of +500 when converted to decimal odds are $6.00 and when converted to fractional odds are 5/1. If you’d like to convert other odds values in different formats, please check out our Odds Converter.