What Does -120 Mean in Betting?
-120 means you must bet $120 to win $100 in profit. It marks the favorite side of a market, with a 54.55% implied probability of winning.
Implied Probability
54.55%
Decimal Odds
1.83
Fractional Odds
5/6
$100 Bet Profit
$83.33
-120 Payout Table
| Stake | Profit | Total Return |
|---|---|---|
| $10 | $8.33 | $18.33 |
| $20 | $16.67 | $36.67 |
| $25 | $20.83 | $45.83 |
| $50 | $41.67 | $91.67 |
| $100 | $83.33 | $183.33 |
| $200 | $166.67 | $366.67 |
| $500 | $416.67 | $916.67 |
| $1000 | $833.33 | $1833.33 |
Frequently Asked Questions
How much does a $100 bet at -120 pay?
A $100 bet returns $183.33 total - your $100 stake plus $83.33 in profit.
What is -120 in decimal and fractional odds?
-120 equals 1.83 in decimal odds (total return per $1 staked) and 5/6 in fractional odds (profit per unit staked).
Is -120 a favorite or an underdog?
-120 is a favorite. Negative odds mean the market gives this side a better-than-even chance (54.55%), so you risk more than you win.