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What does +200 mean?

An underdog in American odds: the payout, the chance it implies, and how bets at this price really do.

+200 means a 100 bet wins 200. It marks the underdog. A 10 bet wins 20.00 and returns 30.00. The odds imply a 33.3% chance of winning.

3.00decimal odds
2/1fractional odds
33.3%implied chance
+200.00profit on a 100 bet

How much +200 pays

StakeProfitTotal return
10+20.0030.00
20+40.0060.00
25+50.0075.00
50+100.00150.00
100+200.00300.00
250+500.00750.00

Same math in the odds converter, with any stake you like.

What +200 says about your chances

+200 means the odds give it 1 win in 3. Each win pays double your stake, so 1 win in 3 just breaks even. Any price with a plus sign is an underdog; the bigger the number, the bigger the underdog. The break-even win rate for +200 is 33.3%.

+200 in a parlay

Legs at +200Parlay oddsChance all hit
1 (straight bet)+20033.3%
2+80011.1%
3+2,6003.7%

Every leg has to win, so the chances multiply. Open two +200 legs in the parlay calculator, or see how often parlays really hit.

How +200 bets actually did

FakeBet players' pre-game straight bets priced near +200 (about +187 to +214) won 15 of 49 (30.6%) in the last 90 days, across 39 games. The odds implied 33.3%.

Our players have fallen short of the price here, which is what the sportsbook margin predicts over time. Play-money bets on real odds, settled from official results.

Other common odds

+200 questions

Is +200 a favorite or an underdog?

An underdog. A plus sign means a 100 bet wins more than 100: 200 at these odds.

How do you calculate a +200 payout?

Divide 200 by 100 and multiply by your stake to get the profit: a 50 bet wins 100.00. Add your stake back for the total return of 150.00.

What are +200 odds as a percentage?

33.3%. That's the implied probability: 1 divided by the decimal odds of 3.00. Because the sportsbook's margin is built in, the true chance is usually a little lower.

What are +200 odds in decimal and fractional?

3.00 in decimal odds and 2/1 in fractional odds.