+220 odds: what they mean and what they pay
At +220 a $100 bet wins $220.00 in profit, $320.00 back in all. The price implies a 31.25% chance, so you need to win more than 31.25% of these bets to come out ahead.
The same price in every format
| American | +220 |
|---|---|
| Decimal | 3.200 |
| Fractional | 11/5 |
| Implied chance | 31.25% |
| Break-even win rate | 31.25% |
What +220 pays
| Bet | Profit if it wins | Total back |
|---|---|---|
| $10 | $22.00 | $32.00 |
| $25 | $55.00 | $80.00 |
| $50 | $110.00 | $160.00 |
| $100 | $220.00 | $320.00 |
| $250 | $550.00 | $800.00 |
| $1,000 | $2,200.00 | $3,200.00 |
Is +220 good odds?
It depends on how likely the bet is to win, not on the number itself. +220 is a good price on a side that wins more than 31.25% of the time and a bad one on a side that wins less. If a market kept nothing, the other side of a +220 bet would be −220; real books price it worse than that, and the gap is their cut. At −110 on both sides, the most common spread and total price, the cut is 4.76%. Which book keeps the least differs: every sportsbook's cut, measured.
As a price, +220 makes the side an underdog.
What a better price is worth
Find +225 instead of +220 on the same bet and the win rate you need drops from 31.25% to 30.77%. Over 100 bets of $100 that win 31.25% of the time, +220 breaks even and +225 comes out about $156.25 ahead: the same picks, a better price. Books often differ by that much on the same game: the board shows which one pays the most.
+220 in a parlay
Two legs at +220 combine to decimal 10.240 (about +924): $100 would return $1,024.00. Each leg's cut compounds, so a parlay keeps more for the book than a single bet. Parlay calculator.
Questions
What does +220 mean in betting?
+220 means a $100 bet wins $220 in profit, returning $320 in all.
How much do I win on a $100 bet at +220?
$220.00 profit, $320.00 back in all if it wins.
What is +220 as a percentage?
+220 implies a 31.25% chance. That's also the share of bets you'd need to win to break even.
What is +220 in decimal odds?
3.200. In fractional odds it's about 11/5.
How often does a +220 bet win?
The price implies 31.25%, about 31 times in 100. The real chance can be higher or lower; the price includes the book's cut.