What does +200 mean in betting?
+200 means a $100 bet wins $200, and a $10 bet wins $20. The price says it wins 33.3% of the time, so at +200 you make money on bets that win more than 33.3% of the time.
In plain words
+200 is an underdog: a $100 bet wins $200, and a $10 bet wins $20.
The price says it wins 33.3% of the time, about 3.3 times in 10. You will lose more of these than you win. That is fine when the real chance is above 33.3%, because each win covers 2 losses.
Expect cold runs. At 33.3%, the chance of losing five in a row is 13.2%. Bet sizes that survive those runs matter more than any single pick.
Where you see +200
Two to one. Common on soccer underdogs, on hockey road teams against the best clubs, and on many anytime touchdown props.
100 bets at +200
| Win rate | Wins in 100 | Result on 100 bets of $10 |
|---|---|---|
| 30.3% | 30.3 | -$90 |
| 33.3% (break-even) | 33.3 | $0 |
| 36.3% | 36.3 | +$90 |
Three points above break-even turns 100 bets of $10 at +200 into about $90 of profit; three points below loses about the same. The edge is the few points, not the pick.
Prices next to +200
| Price | Chance | $10 wins | Bet to win $100 |
|---|---|---|---|
| +140 | 41.7% | $14 | $71.43 |
| +150 | 40.0% | $15 | $66.67 |
| +175 | 36.4% | $17.50 | $57.14 |
| +200 | 33.3% | $20 | $50 |
| +250 | 28.6% | $25 | $40 |
| +300 | 25.0% | $30 | $33.33 |
| +400 | 20.0% | $40 | $25 |
One step better for you, +250 pays $50 more than +200 on every $100 bet that wins.
Convert +200 or any other price, see what a ticket pays, or get a suggested bet size for your bankroll.
Questions
What does +200 mean in betting?
+200 means a $100 bet wins $200, and a $10 bet wins $20. The price says it wins 33.3% of the time, so at +200 you make money on bets that win more than 33.3% of the time.
How much does a $10 bet win at +200?
$20 in profit. You get $30 back in total: your $10 plus the win. A $100 bet wins $200.
What win rate do I need at +200?
More than 33.3% to make money over time. That is the price's implied chance, also called the break-even rate.
What is +200 in decimal odds?
3. A $1 bet returns $3 in total. As a fraction it is 2/1.
Is +200 worth betting?
Only when the real chance is above 33.3%. A side that wins 38.3% of the time at +200 makes about $15 per $100 bet on average; one that wins 28.3% loses about $15.
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