+240 odds: what they mean and what they pay
At +240 a $100 bet wins $240.00 in profit, $340.00 back in all. The price implies a 29.41% chance, so you need to win more than 29.41% of these bets to come out ahead.
The same price in every format
| American | +240 |
|---|---|
| Decimal | 3.400 |
| Fractional | 12/5 |
| Implied chance | 29.41% |
| Break-even win rate | 29.41% |
What +240 pays
| Bet | Profit if it wins | Total back |
|---|---|---|
| $10 | $24.00 | $34.00 |
| $25 | $60.00 | $85.00 |
| $50 | $120.00 | $170.00 |
| $100 | $240.00 | $340.00 |
| $250 | $600.00 | $850.00 |
| $1,000 | $2,400.00 | $3,400.00 |
Is +240 good odds?
It depends on how likely the bet is to win, not on the number itself. +240 is a good price on a side that wins more than 29.41% of the time and a bad one on a side that wins less. If a market kept nothing, the other side of a +240 bet would be −240; 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, +240 makes the side an underdog.
What a better price is worth
Find +245 instead of +240 on the same bet and the win rate you need drops from 29.41% to 28.99%. Over 100 bets of $100 that win 29.41% of the time, +240 breaks even and +245 comes out about $147.06 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.
+240 in a parlay
Two legs at +240 combine to decimal 11.560 (about +1056): $100 would return $1,156.00. Each leg's cut compounds, so a parlay keeps more for the book than a single bet. Parlay calculator.
Questions
What does +240 mean in betting?
+240 means a $100 bet wins $240 in profit, returning $340 in all.
How much do I win on a $100 bet at +240?
$240.00 profit, $340.00 back in all if it wins.
What is +240 as a percentage?
+240 implies a 29.41% chance. That's also the share of bets you'd need to win to break even.
What is +240 in decimal odds?
3.400. In fractional odds it's about 12/5.
How often does a +240 bet win?
The price implies 29.41%, about 29 times in 100. The real chance can be higher or lower; the price includes the book's cut.