What Does +240 Mean in Sports Betting?
+240 odds are underdog odds. A $100 bet returns $340.00 ($240.00 profit), and the price implies about a 29.4% chance to win. You only risk $41.67 to win $100.
At a glance
- Side
- Underdog
- $100 returns
- $340.00
- Profit on $100
- $240.00
- Implied probability
- 29.4%
- Decimal odds
- 3.40
- Fractional odds
- 12/5
Run the numbers
What does +240 mean in sports betting?
+240 is an underdog price. The plus sign means the team is the underdog, and the number is how much you win on a $100 bet. At +240 a winning $100 bet profits $240.00, because the market sees this outcome as less likely.
What does a $100 bet at +240 pay?
A $100 bet at +240 returns $340.00 total, which is $240.00 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 +240
+240 implies a win probability of about 29.4%. 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.
+240 in decimal and fractional odds
+240 American equals 3.40 in decimal odds and 12/5 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 +240
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 +240 and you keep more of the win. No house margin in the middle.
Frequently asked questions
What does +240 mean?+
+240 is an underdog. A $100 bet wins $240.00, and it implies about a 29.4% chance to win.
What does a $100 bet at +240 win?+
It returns $340.00 total, which is $240.00 in profit.
What is +240 as a probability?+
About 29.4%. That is the implied, break-even win rate at this price.
What is +240 in decimal odds?+
+240 equals 3.40 in decimal odds and 12/5 in fractional odds.
Bet +240 at a better price.
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