+242 Odds Explained
- Decimal
- 3.42
- American
- +242
- Fractional
- 121/50
- Implied probability
- 29.24%
- Polymarket
- 29¢
- $100 wins
- 242.00
- American
- +242
- Fractional
- 121/50
- Implied probability
- 29.24%
- Polymarket
- 29¢
- Profit
- 242.00
- Total return
- 342.00
3.420 decimal, +242 American, 29.24% implied probability
American odds of +242 mean
a 100 stake wins 242
. In decimal notation that is 3.42, in fractional notation 121/50, and the implied probability is 29.24%. On a prediction market the same price is a 29¢ share.
What +242 pays
A 100 stake at +242 returns 342.00 in total: your 100 back plus 242.00 profit. To win exactly 100 you would stake 41.32. The table covers the stakes people actually use.
| Stake | Profit | Total return |
|---|---|---|
| 10 | 24.20 | 34.20 |
| 25 | 60.50 | 85.50 |
| 50 | 121.00 | 171.00 |
| 100 | 242.00 | 342.00 |
| 500 | 1,210.00 | 1,710.00 |
| 1,000 | 2,420.00 | 3,420.00 |
Break-even and long-run results
The implied probability of +242 is 29.24%, and that number is also the break-even win rate: win more often than 29.24% 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 |
|---|---|
| 29% | -0.8% |
| 50% | 71.0% |
| 55% | 88.1% |
| 60% | 105.2% |
| 65% | 122.3% |
At 29.24% implied, +242 is a moderate underdog. A bet here wins less than half the time by the bookmaker's reckoning, but each win pays 242.00 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 +242
If both sides of a two-way market were priced at +242, the implied probabilities would add up to -41.52% above 100%. That excess is the overround, or vig; as a share of stakes it is a -71.00% 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.
+242 on a betting exchange
Exchanges charge commission on net winnings, so the price you see is not the price you get. At 2% commission +242 is worth 3.372 decimal (+237 American); at 5% it drops to 3.299 (+230). Those are the bookmaker prices you would need to beat.
| Commission | Effective decimal | Effective American | Break-even |
|---|---|---|---|
| 2% | 3.372 | +237 | 29.66% |
| 5% | 3.299 | +230 | 30.31% |
Same price in other formats
Nearby prices
Nearby prices
Frequently asked questions
What does +242 mean in betting?
+242 is an American price. Positive numbers show the profit on a 100 stake; negative numbers show the stake needed to win 100. At +242 the implied probability is 29.24% and a 100 stake returns 342.00.
What is +242 in decimal odds?
+242 converts to 3.420 in decimal odds (usually shown as 3.42). Decimal odds are the total return per unit staked, so multiply your stake by 3.420 to get the return.
What is +242 as a fraction?
+242 is 121/50 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 +242?
A 100 stake at +242 wins 242.00 in profit and returns 342.00 including the stake. To win exactly 100 you would stake 41.32.
What win rate do I need at +242?
The break-even win rate equals the implied probability, 29.24%. Winning more often than that at this price is profitable over the long run; winning less often loses money.