248.00 DEFINITION

What does odds of 248.00 mean?

If you were to bet $10 on 248.00 odds you would receive $2470.00 in profit if this outcome won. To work out how much money you will receive back when betting on decimal odds you multiply your stake (bet amount) by the odds: $10 x 248.00 = $2480.00 Total Payout ($2470.00 profit).

The implied win probability of 248.00 odds is 0.40%. If you'd like to see the implied win probability of other odds values you can check our Moneyline Converter.

Decimal Odds of $248.00 when converted to American odds are +24700 and when converted to fractional odds are 247/1. If you’d like to convert other odds values in different formats, please check out our Odds Converter.