+200 Odds Explained
- Decimal
- 3.00
- American
- +200
- Fractional
- 2/1
- Implied probability
- 33.33%
- Polymarket
- 33¢
- $100 wins
- 200.00
- American
- +200
- Fractional
- 2/1
- Implied probability
- 33.33%
- Polymarket
- 33¢
- Profit
- 200.00
- Total return
- 300.00
3.000 decimal, +200 American, 33.33% implied probability
+200 pays 200 profit on a 100 stake: decimal 3.00, fractional 2/1, implied probability 33.33%. It is the underdog side of a market whose favourite sits near -250, and a price at which a bet needs to win one time in three to break even.
What +200 pays
A 100 stake at +200 returns 300.00 in total: your 100 back plus 200.00 profit. To win exactly 100 you would stake 50.00. The table covers the stakes people actually use.
| Stake | Profit | Total return |
|---|---|---|
| 10 | 20.00 | 30.00 |
| 25 | 50.00 | 75.00 |
| 50 | 100.00 | 150.00 |
| 100 | 200.00 | 300.00 |
| 500 | 1,000.00 | 1,500.00 |
| 1,000 | 2,000.00 | 3,000.00 |
Break-even and long-run results
The implied probability of +200 is 33.33%, and that number is also the break-even win rate: win more often than 33.33% of the time at this price and you profit in the long run, win less often and you lose. The table shows the return on stake at a few win rates, including the break-even rate itself.
| Win rate | Return on stake |
|---|---|
| 33% | -1.0% |
| 50% | 50.0% |
| 55% | 65.0% |
| 60% | 80.0% |
| 65% | 95.0% |
At 33.33% implied, +200 is a moderate underdog. A bet here wins less than half the time by the bookmaker's reckoning, but each win pays 200.00 per 100. Draws in soccer, the second favourite in a three-horse race and road teams in close games are typical residents of this range.
The vig at +200
If both sides of a two-way market were priced at +200, the implied probabilities would add up to -33.33% above 100%. That excess is the overround, or vig; as a share of stakes it is a -50.00% margin for the bookmaker. Removing it leaves fair odds of 2.00 decimal ( +100) on each side. Use the devig calculator to do the same for any market.
+200 on a betting exchange
Exchanges charge commission on net winnings, so the price you see is not the price you get. At 2% commission +200 is worth 2.960 decimal (+196 American); at 5% it drops to 2.900 (+190). Those are the bookmaker prices you would need to beat.
| Commission | Effective decimal | Effective American | Break-even |
|---|---|---|---|
| 2% | 2.960 | +196 | 33.78% |
| 5% | 2.900 | +190 | 34.48% |
Same price in other formats
Nearby prices
Nearby prices
Frequently asked questions
What does +200 mean in betting?
+200 is an American price. Positive numbers show the profit on a 100 stake; negative numbers show the stake needed to win 100. At +200 the implied probability is 33.33% and a 100 stake returns 300.00.
What is +200 in decimal odds?
+200 converts to 3.000 in decimal odds (usually shown as 3.00). Decimal odds are the total return per unit staked, so multiply your stake by 3.000 to get the return.
What is +200 as a fraction?
+200 is 2/1 in fractional odds, the traditional bookmaker notation where the top number is profit and the bottom number is stake.
How much do I win on a 100 bet at +200?
A 100 stake at +200 wins 200.00 in profit and returns 300.00 including the stake. To win exactly 100 you would stake 50.00.
What win rate do I need at +200?
The break-even win rate equals the implied probability, 33.33%. Winning more often than that at this price is profitable over the long run; winning less often loses money.