+302 Odds Explained
- Decimal
- 4.02
- American
- +302
- Fractional
- 151/50
- Implied probability
- 24.88%
- Polymarket
- 25¢
- $100 wins
- 302.00
- American
- +302
- Fractional
- 151/50
- Implied probability
- 24.88%
- Polymarket
- 25¢
- Profit
- 302.00
- Total return
- 402.00
4.020 decimal, +302 American, 24.88% implied probability
American odds of +302 mean
a 100 stake wins 302
. In decimal notation that is 4.02, in fractional notation 151/50, and the implied probability is 24.88%. On a prediction market the same price is a 25¢ share.
What +302 pays
A 100 stake at +302 returns 402.00 in total: your 100 back plus 302.00 profit. To win exactly 100 you would stake 33.11. The table covers the stakes people actually use.
| Stake | Profit | Total return |
|---|---|---|
| 10 | 30.20 | 40.20 |
| 25 | 75.50 | 100.50 |
| 50 | 151.00 | 201.00 |
| 100 | 302.00 | 402.00 |
| 500 | 1,510.00 | 2,010.00 |
| 1,000 | 3,020.00 | 4,020.00 |
Break-even and long-run results
The implied probability of +302 is 24.88%, and that number is also the break-even win rate: win more often than 24.88% 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 |
|---|---|
| 25% | 0.5% |
| 50% | 101.0% |
| 55% | 121.1% |
| 60% | 141.2% |
| 65% | 161.3% |
+302 is a longshot. The bookmaker prices the outcome at 24.88%, and the payout of 302.00 per 100 staked is the compensation for how rarely it lands. Longshots carry more margin than any other part of the market, which is why devigging methods disagree most at prices like this one.
The vig at +302
If both sides of a two-way market were priced at +302, the implied probabilities would add up to -50.25% above 100%. That excess is the overround, or vig; as a share of stakes it is a -101.00% 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.
+302 on a betting exchange
Exchanges charge commission on net winnings, so the price you see is not the price you get. At 2% commission +302 is worth 3.960 decimal (+296 American); at 5% it drops to 3.869 (+287). Those are the bookmaker prices you would need to beat.
| Commission | Effective decimal | Effective American | Break-even |
|---|---|---|---|
| 2% | 3.960 | +296 | 25.26% |
| 5% | 3.869 | +287 | 25.85% |
Same price in other formats
Same price in other formats
Nearby prices
Nearby prices
Frequently asked questions
What does +302 mean in betting?
+302 is an American price. Positive numbers show the profit on a 100 stake; negative numbers show the stake needed to win 100. At +302 the implied probability is 24.88% and a 100 stake returns 402.00.
What is +302 in decimal odds?
+302 converts to 4.020 in decimal odds (usually shown as 4.02). Decimal odds are the total return per unit staked, so multiply your stake by 4.020 to get the return.
What is +302 as a fraction?
+302 is 151/50 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 +302?
A 100 stake at +302 wins 302.00 in profit and returns 402.00 including the stake. To win exactly 100 you would stake 33.11.
What win rate do I need at +302?
The break-even win rate equals the implied probability, 24.88%. Winning more often than that at this price is profitable over the long run; winning less often loses money.