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The '500' is talking about winning percentage. A 500 winning percentage means a team has won the same number of games as they have lost. If someone says a team has reached 500 means they have won enough games in a row so that they now have won as many games as they have lost.

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15y ago

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above 500 means that they have won more than half their games

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17y ago
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A team that has as many wins as they do losses. If a team is has 5 wins and 5 losses, their winning percentage is .500.

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16y ago
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Q: What is a 500 team?
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