What Does -240 Mean in Sports Betting?
-240 odds are favorite odds. A $100 bet returns $141.67 ($41.67 profit), and the price implies about a 70.6% chance to win. To win $100 outright you would risk $240.00.
At a glance
- Side
- Favorite
- $100 returns
- $141.67
- Profit on $100
- $41.67
- Implied probability
- 70.6%
- Decimal odds
- 1.42
- Fractional odds
- 21/50
Run the numbers
What does -240 mean in sports betting?
-240 is a favorite price. The minus sign means the team is favored, and the number is how much you must risk to win $100. At -240 you risk $240.00 to win $100, because the market thinks this outcome is more likely than not.
What does a $100 bet at -240 pay?
A $100 bet at -240 returns $141.67 total, which is $41.67 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 70.6%. 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 1.42 in decimal odds and 21/50 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 in betting?+
-240 is a favorite price in American odds: you risk $240.00 to win $100. -240 implies about a 70.6% chance to win, the break-even rate the price asks you to beat.
What does a $100 bet at -240 pay?+
A $100 bet at -240 returns $141.67 total, which is $41.67 in profit. The ratio holds at any stake, so scale it up or down for your bet.
What is -240 as a probability?+
-240 odds imply about a 70.6% win probability. That implied probability is the break-even win rate: win less often than that long term and you lose money at this price, win more often and you profit.
What is -240 in decimal and fractional odds?+
-240 American odds equal 1.42 in decimal odds and 21/50 in fractional odds.
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