The Meaning of +200 In Betting
Learn more about moneyline odds and how you can use them.
+200 odds mean that a winning bet will pay double your initial stake. So for example, if you bet $50, you will win $100. This makes it easy to calculate how much you win if you bet $100 or $1,000 on a game. You can also use our odds calculator below to determine your winnings.
For example, if you were to place a bet of $100 on a team with odds at +200 you would win $200 for that play. You would also get your $100 bet back, meaning that $300 would go back into your account.
You don’t need to bet $100 but this is the simplest way to explain what +200 odds mean in terms of potential payouts.
+200 Odds Payout Table
| Bet Amount | To Win | Total Payout |
| $10 | $20 | $30 |
| $25 | $50 | $75 |
| $50 | $100 | $150 |
| $100 | $200 | $300 |
| $250 | $500 | $750 |
| $500 | $1,000 | $1,500 |
| $1,000 | $2,000 | $3,000 |
What Do Odds of 200 Mean on the Moneyline?
Moneyline odds that are listed at +200 mean that a team is a clear underdog in the bet. The favorite will usually be listed at -110 or lower, and the underdog will have a (+) in front of their odds.
When sportsbooks list a team at +200, it means that they think that team has 33.3% chance of winning. This is called “implied probability”. So, if you think there’s a more than 33.3% probability and you see odds of +200, then it’s a good bet.
What Do Odds of 200 Mean in Futures
If this is a futures bet, you need to consider the complete list to determine where this team or player falls. Getting odds at +200 can are not necessarily always too good for futures bets.
For example, it’s unlikely that any NFL team is listed at +200 to win the Super Bowl at the start of the season. Rather, you’ll be likely to find even the best teams at +800 or +900 range.
If you see a team listed at +200 at the start of the season, it’s likely poor value. A season is a very long time and anything can happen.
What Do Odds of 200 Mean in Player Props
You can also see +200 odds in player props. For example, you could see a market for Lebron James to make more than 5 threes listed at +200.
Once again, you have to determine if you think Lebron is more than 33.3% likely to make 5 threes to see if this is a good bet. If you think so, it’s a good bet. If not, you should skip it.
Know That Odds Can Change at Any Time
Odds can change at any time, and a team that is listed at +200 one day could easily be listed at +160 the next.
If you have made a bet on a team or player at +200, then you are locked into those odds. You can always make an additional bet if the odds change in your favor.
There are many reasons that betting odds and lines can change. These are player injuries, rumors, and news around teams and players. However, the amount of money that is being wagered on each side is usually the biggest factor. Sportsbooks are looking to protect themselves from big losses and will adjust the odds.
Shop Around for the Best Odds
Before you make a wager you should always shop around for the best odds that you can find. A team that is listed at +200 at one sportsbook could be listed at +220 at another site.
If you only have a sports betting account with one sportsbook you are stuck with those odds. By registering at many sportsbooks, you can give yourself a chance to find the best odds.
To start betting online, sign up with one of our trusted sportsbooks below and claim generous sportsbook promos.
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