What Does ‘Payout’ Mean in Sports Betting?
In sports betting, the “Payout” (or “Total Payout”) is the total amount of money the sportsbook returns to your account when you win a bet.
It includes two things:
- Your Profit: The money you won.
- Your Stake: The original money you risked (which you get back).
The Simple Formula
Payout = Your Original Bet + Your Winnings
This is the most common source of confusion for new bettors. When you see a bet listed as “To Win: $100,” that is only your profit. The actual check written to you (the Payout) will be higher because it includes the money you put up in the first place.
Examples
- You bet $100 on an Underdog (+200):
- You win $200 in profit.
- You get your $100 back.
- Total Payout: $300.
- You bet $110 on a Favorite (-110):
- You win $100 in profit.
- You get your $110 back.
- Total Payout: $210.
In short: The “Payout” is the final number that hits your bank account. It’s your money returned to you, plus the extra money you earned.