Here we will explain what minus 1501 odds mean, give you the percentage probability of -1501 odds, and provide you with a -1501 odds calculator. Before we continue, note that we are talking about -1501 American odds, also known as -1501 Moneyline odds.
When two teams or opponents are playing against each other, usually the team with positive odds is the underdog and not likely to win, while the team with the negative odds is the favorite to win.
Thus, a team that has the American odds of -1501 is the likely winner. The percentage probability of winning a bet with -1501 odds is about 93.75 percent.
Furthermore, -1501 odds means that for each $100 you bet, you will win $6.66. So if your team wins, a $100 bet will result in a total payout of $106.66 (bet plus winnings).
In the -1501 Moneyline Odds Calculator (-1501 American Odds Calculator) below, you can enter your bet to calculate your winnings and payouts of a minus 1501 odds bet.
American Odds Calculator
Learn what another American odds means and calculate how much you can win. Please enter a negative (-) or positive (+) American odds in the box below.
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