-120 ODDS DEFINITION

What does odds of -120 mean?

If you were to bet $10 on -120 odds you would receive $8.30 in profit if this outcome won. Odds accompanied with a negative sign (-) indicate that this is the favorite and this outcome will have a higher chance of winning compared to the underdog, however underdogs will yield a higher profit if they win.

The implied win probability of -120 odds is 54.64%. If you'd like to see the implied win probability of other odds values you can check our Moneyline Converter.

American Odds of -120 when converted to decimal odds are $1.83 and when converted to fractional odds are 83/100. If you’d like to convert other odds values in different formats, please check out our Odds Converter.