What Does -102 Mean in Betting?
-102 means you must bet $102.00 to win $100 in profit. A winning $102.00 bet returns $202.00 — your stake plus $100.
-102 in every format
-102 payout table
| Stake | Profit if it wins | Total payout |
|---|---|---|
| $10.00 | $9.80 | $19.80 |
| $25.00 | $24.51 | $49.51 |
| $50.00 | $49.02 | $99.02 |
| $100.00 | $98.04 | $198.04 |
| $250.00 | $245.10 | $495.10 |
What win rate does -102 need?
To break even at -102 you have to win 50.50% of your bets. Over 100 flat-stake bets that means at least 51 wins to be in profit. Favorites win often but pay less than they risk, so the break-even rate is above 50%.
-102 in a parlay
Parlay legs multiply. Two legs at -102 combine to +292 — a $100 bet pays $392.20 — and three legs combine to +677, paying $776.70. All legs must win.
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Frequently asked questions
How much do you win on a $100 bet at -102?
A $100 bet at -102 wins $98.04 in profit and returns $198.04 in total, including your stake.
What win rate do you need to break even at -102?
50.50%. Over 100 bets at -102 you need at least 51 wins to finish in profit, assuming flat stakes.
Is -102 a favorite or an underdog?
-102 is the favorite's price: the negative number means the sportsbook thinks this side is more likely to win than not.
What are -102 odds in decimal and fractional?
-102 is 1.98 in decimal odds and 50/51 in fractional odds.