+340 odds: what they mean and what they pay
At +340 a $100 bet wins $340.00 in profit, $440.00 back in all. The price implies a 22.73% chance, so you need to win more than 22.73% of these bets to come out ahead.
The same price in every format
| American | +340 |
|---|---|
| Decimal | 4.400 |
| Fractional | 17/5 |
| Implied chance | 22.73% |
| Break-even win rate | 22.73% |
What +340 pays
| Bet | Profit if it wins | Total back |
|---|---|---|
| $10 | $34.00 | $44.00 |
| $25 | $85.00 | $110.00 |
| $50 | $170.00 | $220.00 |
| $100 | $340.00 | $440.00 |
| $250 | $850.00 | $1,100.00 |
| $1,000 | $3,400.00 | $4,400.00 |
Is +340 good odds?
It depends on how likely the bet is to win, not on the number itself. +340 is a good price on a side that wins more than 22.73% of the time and a bad one on a side that wins less. If a market kept nothing, the other side of a +340 bet would be −340; 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, +340 makes the side a big underdog.
What a better price is worth
Find +350 instead of +340 on the same bet and the win rate you need drops from 22.73% to 22.22%. Over 100 bets of $100 that win 22.73% of the time, +340 breaks even and +350 comes out about $227.27 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.
+340 in a parlay
Two legs at +340 combine to decimal 19.360 (about +1836): $100 would return $1,936.00. Each leg's cut compounds, so a parlay keeps more for the book than a single bet. Parlay calculator.
Questions
What does +340 mean in betting?
+340 means a $100 bet wins $340 in profit, returning $440 in all.
How much do I win on a $100 bet at +340?
$340.00 profit, $440.00 back in all if it wins.
What is +340 as a percentage?
+340 implies a 22.73% chance. That's also the share of bets you'd need to win to break even.
What is +340 in decimal odds?
4.400. In fractional odds it's about 17/5.
How often does a +340 bet win?
The price implies 22.73%, about 23 times in 100. The real chance can be higher or lower; the price includes the book's cut.