What Does -108 Mean in Betting?
-108 means you must bet $108.00 to win $100 in profit. A winning $108.00 bet returns $208.00 — your stake plus $100.
-108 in every format
-108 payout table
| Stake | Profit if it wins | Total payout |
|---|---|---|
| $10.00 | $9.26 | $19.26 |
| $25.00 | $23.15 | $48.15 |
| $50.00 | $46.30 | $96.30 |
| $100.00 | $92.59 | $192.59 |
| $250.00 | $231.48 | $481.48 |
What win rate does -108 need?
To break even at -108 you have to win 51.92% of your bets. Over 100 flat-stake bets that means at least 52 wins to be in profit. Favorites win often but pay less than they risk, so the break-even rate is above 50%.
-108 in a parlay
Parlay legs multiply. Two legs at -108 combine to +271 — a $100 bet pays $370.92 — and three legs combine to +614, paying $714.36. All legs must win.
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Frequently asked questions
How much do you win on a $100 bet at -108?
A $100 bet at -108 wins $92.59 in profit and returns $192.59 in total, including your stake.
What win rate do you need to break even at -108?
51.92%. Over 100 bets at -108 you need at least 52 wins to finish in profit, assuming flat stakes.
Is -108 a favorite or an underdog?
-108 is the favorite's price: the negative number means the sportsbook thinks this side is more likely to win than not.
What are -108 odds in decimal and fractional?
-108 is 1.93 in decimal odds and 25/27 in fractional odds.