In sports betting, odds of +200 represent a moderate underdog. It is one of the most common price points in betting, often referred to as “2 to 1” odds.
The Quick Answer
A +200 bet pays $200 in profit for every $100 you wager.
If your bet wins, you receive your initial $100 stake back plus the $200 profit, for a Total Payout of $300.
+200 Payout Examples
The math scales perfectly with your bet size. Here is a breakdown of potential winnings for standard wager amounts on +200 odds:
| Wager Amount | Profit Earned | Total Return (Stake + Profit) |
|---|---|---|
| $10 | $20 | $30 |
| $25 | $50 | $75 |
| $50 | $100 | $150 |
| $100 | $200 | $300 |
Need to calculate a specific amount, like $17.50? You don’t need a calculator app. Use our free Betting Odds Converter to instantly see the payout for any stake.
The Math Behind +200 Odds
American Odds (Moneyline) use a baseline of $100.
Positive numbers (+) indicate how much profit you make on a $100 bet.
Therefore, +200 literally means “Plus $200 profit.”
Conversions to Other Formats
If you are betting on European or UK platforms, +200 appears differently:
- Decimal Odds: 3.00 (Calculation: $100 × 3.00 = $300 Total).
- Fractional Odds: 2/1 (“Two to One”).
Is +200 a Good Bet? (Implied Probability)
Just because a bet pays double your money doesn’t mean you should take it. You need to understand the Implied Probability—the percentage chance of winning that the odds suggest.
The Formula:
100 / (Odds + 100) = Probability %
100 / (200 + 100) = 100 / 300 = 33.3%
Mathematically, the bookmaker expects a +200 outcome to happen only 33.3% of the time (once every three attempts).
Finding Value
To be a profitable bettor, you should only bet +200 if you believe the real chance of winning is higher than 33.3%. If you think the team has a 40% chance to win, this is a great bet (+EV). If they only have a 25% chance, it is a bad bet.
You can verify if your bet is profitable using our Value Bet & EV Calculator.
Summary
- +200 means you double your money in profit ($100 bet wins $200).
- Total Payout is 3x your stake ($100 bet returns $300).
- Implied Probability is 33.33%.