Here we will explain what minus 508 odds mean, give you the percentage probability of -508 odds, and provide you with a -508 odds calculator. Before we continue, note that we are talking about -508 American odds, also known as -508 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 -508 is the likely winner. The percentage probability of winning a bet with -508 odds is about 83.55 percent.
Furthermore, -508 odds means that for each $100 you bet, you will win $19.69. So if your team wins, a $100 bet will result in a total payout of $119.69 (bet plus winnings).
In the -508 Moneyline Odds Calculator (-508 American Odds Calculator) below, you can enter your bet to calculate your winnings and payouts of a minus 508 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.
What does minus 509 odds mean?
Here is another American odds that we have explained for you!