+240 DEFINITION

What does odds of +240 mean?

If you were to bet $10 on +240 odds you would receive $24.00 in profit if this outcome won. Odds accompanied with a positive sign (+) indicate that this is the underdog and this outcome will have a lower chance of winning compared to a favorite, however underdogs will yield a higher profit if they win.

The implied win probability of +240 odds is 29.41%. If you'd like to see the implied win probability of other odds values you can check our Moneyline Converter.

American Odds of +240 when converted to decimal odds are $3.40 and when converted to fractional odds are 12/5. If you’d like to convert other odds values in different formats, please check out our Odds Converter.