+1200 Definition: What do odds of +1200 mean? (2024)

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+1200 Definition: What do odds of +1200 mean? ›

+1200 DEFINITION

The implied win probability of +12000 odds is 0.83%. If you'd like to see the implied win probability of other odds values you can check our Moneyline Converter. American Odds of +12000 when converted to decimal odds are $121.00 and when converted to fractional odds are 120/1.

When betting, +1000 represents American odds, signaling a substantial underdog or a longshot. To break it down, +1000 odds mean that for every $100 you bet, you could potentially profit $1,000. If the bet wins, you'll get a total return of $1,100. Meanwhile, a $10 stake would return $110.

Decimal odds are shown as one number, which is the amount a winning bet would collect on a $1 bet. If the odds are listed as 6, a winning bet would receive $5 profit and the original $1 bet. Anything between 1 and 2 is a favorite bet and 2 is an even money bet.

Simply put, the greater the odds against a team, the larger the payout will be for anyone who bets on it. For example, 7 to 2 odds mean that for every $2 you wager, you could win $7 if your bet is successful, while 5 to 1 odds mean you could win $5 for every $1 you bet.

If you were to bet $10 on +1200 odds you would receive $120.00 in profit if this outcome won. Odds accompanied with a positive sign (+) indicate that this is the underdog and this outcome will have a lower chance of winning compared to a favorite, however underdogs will yield a higher profit if they win.

If you were to bet $10 on +100000 odds you would receive $10,000.00 in profit if this outcome won.

To convert from a probability to odds, divide the probability by one minus that probability. So if the probability is 10% or 0.10 , then the odds are 0.1/0.9 or '1 to 9' or 0.111. To convert from odds to a probability, divide the odds by one plus the odds.

The number that follows the negative symbol (the odds) reveals how much to bet for every $100 you want to win. For example, if the team you're betting on has -110 odds, you need to wager $110 to win $100. If your team has -150 odds, you must risk $150 to win $100.

Betting odds are calculated by the probability of something happening. For example, if the odds are 4-1 this suggests there is a 1 in 5 chance of winning (4+1), or calculated as 1 / (4+1) = 0.2 which means there is a 20% chance of the outcome happening.

How do you calculate payout from odds? ›

Odds are presented as a positive or negative number next to the team's name. A negative number means the team is favored to win, while a positive number indicates that they are the underdog.

American odds are displayed as a positive or negative number. The positive number is the amount of money you will if you place a $100 bet. The negative is the amount of money you need to wager to make a $100 profit. Some markets will include both negative and positive odds.

What does +200 mean for odds? Odds of +200 mean that if you bet $10, you would profit $20 on a winning bet, for a total return of $30.

If the bet is not expected to win, you will see positive odds (plus sign). This means you need to risk $100 to profit a certain amount. For example, if the odds for a bet are +130, a bettor would have to risk $100 to profit $130.