What Does -120 Mean in Sports Betting?
-120 odds are favorite odds. A $100 bet returns $183.33 ($83.33 profit), and the price implies about a 54.5% chance to win. To win $100 outright you would risk $120.00.
At a glance
- Side
- Favorite
- $100 returns
- $183.33
- Profit on $100
- $83.33
- Implied probability
- 54.5%
- Decimal odds
- 1.83
- Fractional odds
- 83/100
Run the numbers
What does -120 mean in sports betting?
-120 is a favorite price. The minus sign means the team is favored, and the number is how much you must risk to win $100. At -120 you risk $120.00 to win $100, because the market thinks this outcome is more likely than not.
What does a $100 bet at -120 pay?
A $100 bet at -120 returns $183.33 total, which is $83.33 in profit. Scale it to any stake with the betting calculator. The payout is the same idea at any book; what changes is how much vig is buried in the price.
Implied probability of -120
-120 implies a win probability of about 54.5%. That is the break-even rate: if you think the real chance is higher, the bet has value. Devig the market to compare it to the fair number.
-120 in decimal and fractional odds
-120 American equals 1.83 in decimal odds and 83/100 in fractional odds. Decimal is the easiest format for comparing prices, since a bigger number always means a bigger payout. Convert any price with the odds converter.
Get a better price than -120
Every American price at a sportsbook includes the vig. On BettorEdge you trade at market-fair odds with other bettors, so the same outcome can pay more than -120 and you keep more of the win. No house margin in the middle.
Frequently asked questions
What does -120 mean in betting?+
-120 is a favorite price in American odds: you risk $120.00 to win $100. -120 implies about a 54.5% chance to win, the break-even rate the price asks you to beat.
What does a $100 bet at -120 pay?+
A $100 bet at -120 returns $183.33 total, which is $83.33 in profit. The ratio holds at any stake, so scale it up or down for your bet.
What is -120 as a probability?+
-120 odds imply about a 54.5% win probability. That implied probability is the break-even win rate: win less often than that long term and you lose money at this price, win more often and you profit.
What is -120 in decimal and fractional odds?+
-120 American odds equal 1.83 in decimal odds and 83/100 in fractional odds.
Bet -120 at a better price.
No house juice. Sign up for a shot at up to $100. No deposit needed.