248/1 ODDS DEFINITION

What does odds of 248/1 mean?

If you were to bet $10 on 248/1 odds you would receive $2480.00 in profit if this outcome won.

The implied win probability of 248/1 odds is 0.40%. If you'd like to see the implied win probability of other odds values you can check our Moneyline Converter.

Fractional Odds of 248/1 when converted to American odds are +24800 and when converted to decimal odds are $249.00. If you’d like to convert other odds values in different formats, please check out our Odds Converter.