Plus Money
Odds with a plus sign (like +150), meaning you win more than you risk.
Plus money means odds shown with a plus sign, like +150 or +300. At plus money, a winning bet profits more than you staked. +150 means a $100 bet wins $150.
The opposite is minus money (like -150), where you have to risk more than you win.
How Plus Money Odds Work
| Odds | $100 Bet Wins | Implied Chance |
|---|---|---|
| +100 | $100 | 50.0% |
| +150 | $150 | 40.0% |
| +200 | $200 | 33.3% |
| +300 | $300 | 25.0% |
+100 is called "even money": you win exactly what you risk.
Who Gets Plus Money?
Usually the underdog. The less likely an outcome, the longer (more plus) its odds. Parlays and long-shot props are almost always plus money too.
Is Plus Money a Better Bet?
Not by itself. A +200 bet looks attractive, but it only wins about a third of the time if the price is fair. A bet is only good value if its real chance of winning is higher than the implied probability. A +150 underdog that truly wins 45% of the time is a good bet. One that wins 35% of the time is not.
Plus Money on Favorites?
Occasionally. In some soccer and three-way markets, even the favorite can be plus money, because the draw takes away some of its chance of winning.
Key Takeaways
- Plus money odds pay more than your stake when you win.
- +150 means a $100 bet wins $150.
- +100 is even money.
- Plus money isn't automatically good value. The real chance must beat the implied probability.
Examples
- A $20 bet at +250 wins $50.
- In a soccer match, the favorite can be +120 because the draw is a third option.
Related Terms
Test Your Knowledge
1 / 4Do you know what Moneyline means?
A bet on which team or player will win a game outright, without a point spread.
Frequently Asked Questions
What does plus money mean in betting?
It means the odds have a plus sign and you win more than you bet. At +200, a $100 bet wins $200.
Is +100 plus money?
+100 is called even money. You win exactly what you risk.