What Does -340 Mean in Sports Betting?
-340 odds are favorite odds. A $100 bet returns $129.41 ($29.41 profit), and the price implies about a 77.3% chance to win. To win $100 outright you would risk $340.00.
At a glance
- Side
- Favorite
- $100 returns
- $129.41
- Profit on $100
- $29.41
- Implied probability
- 77.3%
- Decimal odds
- 1.29
- Fractional odds
- 29/100
Run the numbers
What does -340 mean in sports betting?
-340 is a favorite price. The minus sign means the team is favored, and the number is how much you must risk to win $100. At -340 you risk $340.00 to win $100, because the market thinks this outcome is more likely than not.
What does a $100 bet at -340 pay?
A $100 bet at -340 returns $129.41 total, which is $29.41 in profit. Scale it to any stake with the betting calculator. The payout is the same idea at any book; what changes is how much vig is buried in the price.
Implied probability of -340
-340 implies a win probability of about 77.3%. That is the break-even rate: if you think the real chance is higher, the bet has value. Devig the market to compare it to the fair number.
-340 in decimal and fractional odds
-340 American equals 1.29 in decimal odds and 29/100 in fractional odds. Decimal is the easiest format for comparing prices, since a bigger number always means a bigger payout. Convert any price with the odds converter.
Get a better price than -340
Every American price at a sportsbook includes the vig. On BettorEdge you trade at market-fair odds with other bettors, so the same outcome can pay more than -340 and you keep more of the win. No house margin in the middle.
Frequently asked questions
What does -340 mean?+
-340 is a favorite. You risk $340.00 to win $100, and it implies about a 77.3% chance to win.
What does a $100 bet at -340 win?+
It returns $129.41 total, which is $29.41 in profit.
What is -340 as a probability?+
About 77.3%. That is the implied, break-even win rate at this price.
What is -340 in decimal odds?+
-340 equals 1.29 in decimal odds and 29/100 in fractional odds.
Bet -340 at a better price.
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