What Does -120 Mean in Betting?
-120 means you must bet $120.00 to win $100 in profit. A winning $120.00 bet returns $220.00 — your stake plus $100.
-120 in every format
-120 payout table
| Stake | Profit if it wins | Total payout |
|---|---|---|
| $10.00 | $8.33 | $18.33 |
| $25.00 | $20.83 | $45.83 |
| $50.00 | $41.67 | $91.67 |
| $100.00 | $83.33 | $183.33 |
| $250.00 | $208.33 | $458.33 |
What win rate does -120 need?
To break even at -120 you have to win 54.55% of your bets. Over 100 flat-stake bets that means at least 55 wins to be in profit. Favorites win often but pay less than they risk, so the break-even rate is above 50%.
-120 in a parlay
Parlay legs multiply. Two legs at -120 combine to +236 — a $100 bet pays $336.11 — and three legs combine to +516, paying $616.20. All legs must win.
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Frequently asked questions
How much do you win on a $100 bet at -120?
A $100 bet at -120 wins $83.33 in profit and returns $183.33 in total, including your stake.
What win rate do you need to break even at -120?
54.55%. Over 100 bets at -120 you need at least 55 wins to finish in profit, assuming flat stakes.
Is -120 a favorite or an underdog?
-120 is the favorite's price: the negative number means the sportsbook thinks this side is more likely to win than not.
What are -120 odds in decimal and fractional?
-120 is 1.83 in decimal odds and 5/6 in fractional odds.