What Does +120 Mean in Sports Betting?
+120 odds are underdog odds. A $100 bet returns $220.00 ($120.00 profit), and the price implies about a 45.5% chance to win. You only risk $83.33 to win $100.
At a glance
- Side
- Underdog
- $100 returns
- $220.00
- Profit on $100
- $120.00
- Implied probability
- 45.5%
- Decimal odds
- 2.20
- Fractional odds
- 6/5
Run the numbers
What does +120 mean in sports betting?
+120 is an underdog price. The plus sign means the team is the underdog, and the number is how much you win on a $100 bet. At +120 a winning $100 bet profits $120.00, because the market sees this outcome as less likely.
What does a $100 bet at +120 pay?
A $100 bet at +120 returns $220.00 total, which is $120.00 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 45.5%. 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 2.20 in decimal odds and 6/5 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 an underdog price in American odds: a $100 bet profits $120.00. +120 implies about a 45.5% 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 $220.00 total, which is $120.00 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 45.5% 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 2.20 in decimal odds and 6/5 in fractional odds.
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