Shaq and Lamar Odom have scored a huge victory over the snake oil salesmen at Power Balance — the company that duped athletes into believing its hologram bracelets could provide super-strength — because it just agreed to fork over $287,000 to get the NBA stars off its back.

TMZ broke the story … Shaq and Odom filed legal docs in PB’s bankruptcy case, claiming they were owed money for their involvement in the company. Lamar was an investor. Shaq was a paid spokesperson.

Shaq originally demanded $308,961 and Lamar $133,870 — but according to new court docs, they both agreed to take a little less after settlement negotiations … Shaq got $200,310 and Lamar $87,015.

Reported by TMZ.com