What Does -240 Mean in Betting?
-240 means you must bet $240.00 to win $100 in profit. A winning $240.00 bet returns $340.00 — your stake plus $100.
-240 in every format
-240 payout table
| Stake | Profit if it wins | Total payout |
|---|---|---|
| $10.00 | $4.17 | $14.17 |
| $25.00 | $10.42 | $35.42 |
| $50.00 | $20.83 | $70.83 |
| $100.00 | $41.67 | $141.67 |
| $250.00 | $104.17 | $354.17 |
What win rate does -240 need?
To break even at -240 you have to win 70.59% of your bets. Over 100 flat-stake bets that means at least 71 wins to be in profit. Favorites win often but pay less than they risk, so the break-even rate is above 50%.
-240 in a parlay
Parlay legs multiply. Two legs at -240 combine to +101 — a $100 bet pays $200.69 — and three legs combine to +184, paying $284.32. All legs must win.
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Frequently asked questions
How much do you win on a $100 bet at -240?
A $100 bet at -240 wins $41.67 in profit and returns $141.67 in total, including your stake.
What win rate do you need to break even at -240?
70.59%. Over 100 bets at -240 you need at least 71 wins to finish in profit, assuming flat stakes.
Is -240 a favorite or an underdog?
-240 is the favorite's price: the negative number means the sportsbook thinks this side is more likely to win than not.
What are -240 odds in decimal and fractional?
-240 is 1.42 in decimal odds and 5/12 in fractional odds.