+248 DEFINITION

What does odds of +248 mean?

If you were to bet $10 on +248 odds you would receive $24.80 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 +248 odds is 28.74%. If you'd like to see the implied win probability of other odds values you can check our Moneyline Converter.

American Odds of +248 when converted to decimal odds are $3.48 and when converted to fractional odds are 62/25. If you’d like to convert other odds values in different formats, please check out our Odds Converter.