What does odds of 1.20 mean?
If you were to bet $10 on 1.20 odds you would receive $2.00 in profit if this outcome won. To work out how much money you will receive back when betting on decimal odds you multiply your stake (bet amount) by the odds: $10 x 1.20 = 12 Total Payout ($2 profit).
Decimal Odds of 1.20 when converted to American odds are -500 and when converted to fractional odds are 1/5. If you’d like to convert other odds values in different formats, please check out our Odds Converter.