Definition

The amount returned to the bettor on a winning wager – including the original stake plus profit. It’s what the sportsbook pays you when you win.

Formula

Example

A \$100 bet at +150 yields a **payout** of \$250 (\$100 stake + \$150 profit). At -150, a \$100 bet would pay out about \$166.67 (\$100 + \$66.67 profit).