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What does +120 mean?

An underdog in American odds: the payout, the chance it implies, and how bets at this price really do.

+120 means a 100 bet wins 120. It marks the underdog. A 10 bet wins 12.00 and returns 22.00. The odds imply a 45.5% chance of winning.

2.20decimal odds
6/5fractional odds
45.5%implied chance
+120.00profit on a 100 bet

How much +120 pays

StakeProfitTotal return
10+12.0022.00
20+24.0044.00
25+30.0055.00
50+60.00110.00
100+120.00220.00
250+300.00550.00

Same math in the odds converter, with any stake you like.

What +120 says about your chances

+120 is a modest underdog. Win it 45.5% of the time or more and it pays off over the long run. Any price with a plus sign is an underdog; the bigger the number, the bigger the underdog. The break-even win rate for +120 is 45.5%.

+120 in a parlay

Legs at +120Parlay oddsChance all hit
1 (straight bet)+12045.5%
2+38420.7%
3+9659.4%

Every leg has to win, so the chances multiply. Open two +120 legs in the parlay calculator, or see how often parlays really hit.

How +120 bets actually did

FakeBet players' pre-game straight bets priced near +120 (about +113 to +128) won 72 of 140 (51.4%) in the last 90 days, across 110 games. The odds implied 45.5%.

So far our players have beaten the price here. Many players often back the same game, so one result moves this number a lot: treat it as a snapshot, not an edge. Play-money bets on real odds, settled from official results.

Other common odds

+120 questions

Is +120 a favorite or an underdog?

An underdog. A plus sign means a 100 bet wins more than 100: 120 at these odds.

How do you calculate a +120 payout?

Divide 120 by 100 and multiply by your stake to get the profit: a 50 bet wins 60.00. Add your stake back for the total return of 110.00.

What are +120 odds as a percentage?

45.5%. That's the implied probability: 1 divided by the decimal odds of 2.20. Because the sportsbook's margin is built in, the true chance is usually a little lower.

What are +120 odds in decimal and fractional?

2.20 in decimal odds and 6/5 in fractional odds.