What Does +240 Mean in Betting?
+240 means a $100 bet wins $240.00 in profit. A winning $100 bet returns $340.00 — your stake plus $240.00.
+240 in every format
+240 payout table
| Stake | Profit if it wins | Total payout |
|---|---|---|
| $10.00 | $24.00 | $34.00 |
| $25.00 | $60.00 | $85.00 |
| $50.00 | $120.00 | $170.00 |
| $100.00 | $240.00 | $340.00 |
| $250.00 | $600.00 | $850.00 |
What win rate does +240 need?
To break even at +240 you have to win 29.41% of your bets. Over 100 flat-stake bets that means at least 30 wins to be in profit. Underdogs win less often but pay more than they risk, so the break-even rate is below 50%.
+240 in a parlay
Parlay legs multiply. Two legs at +240 combine to +1056 — a $100 bet pays $1,156.00 — and three legs combine to +3830, paying $3,930.40. 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 $240.00 in profit and returns $340.00 in total, including your stake.
What win rate do you need to break even at +240?
29.41%. Over 100 bets at +240 you need at least 30 wins to finish in profit, assuming flat stakes.
Is +240 a favorite or an underdog?
+240 is the underdog's price: a positive number means you win more than you risk, because the outcome is less likely than not.
What are +240 odds in decimal and fractional?
+240 is 3.40 in decimal odds and 12/5 in fractional odds.