What Do +200 & -200 Odds Mean in Sports Betting?

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Both +200 and -200 are odds in the American format that is most commonly used in the United States.

In sports betting, +200 indicates the underdog and means that you will win $200 if you bet $100—or 2/1 odds. As another example, if you wager $15 on a bet with +200 odds, you would win $30.

On the other hand, -200 indicates the favorite and you would have to bet $200 in order to win $100. If you wagered $15 on a market with -200 odds, as another example, you would win $7.50.

Note that the winning amounts above don’t include what you wagered. If you win a $50 bet on a market with +200 odds, your total payout would be $150 ($100 profit + $50 wagered).

You can learn more about how to read betting odds here or use our betting odds calculator to automatically calculate payouts.

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Dave Rathmanner

Dave Rathmanner is the Founder & CEO of Odds Assist. After struggling to find helpful sports betting resources and honest reviews when he first started betting, he decided to create the site he always wished he had. Dave has been betting on sports since NJ legalized it in 2018 and regularly analyzes sportsbooks to find the best options for bettors. Aside from creating new content for OA readers, Dave is also passionate about researching betting markets, creating models, and developing profitable betting strategies.