Frequent question: What does 120 mean in gambling?

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How much do you win on +120?

Moneyline Odds Payout Chart

Odds Potential Profit Potential Payout
+110 \$11.00 \$21.00
+120 \$12.00 \$22.00
+130 \$13.00 \$23.00
+140 \$14.00 \$24.00

What happens if you bet \$100 on a +140 money line?

An underdog at +140 moneyline odds means a \$100 winner nets you \$140 in profit.

How does a moneyline payout?

Moneyline bets payout dependent on how big of a favorite or underdog the person or team you are betting on is. The bigger the favorite the team or person is, the less money you will be paid on a winning bet. The bigger the underdog the team or person is, the more money you will be paid on a winning bet.

What is 5/2 odds mean?

The tote board does not show decimals, therefore, 5/2 odds means that the odds on a horse are 5 divided by 2, or 2.5-1. … If you had placed the minimum bet of \$2 on that horse to win, your payoff will be: \$10 (5 x 1 x \$2) + your original bet of \$2 – for a total of \$12.

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What does a +200 money line mean?

For example, a money line of +200 would mean that you would make a profit of \$200 if you bet \$100 and were correct. … A negative money line represents the amount that you would have to bet to win \$100 if you were correct. For example, a -200 money line means you would win \$100 if you bet \$200 and won.

How often does the moneyline favorite win?

That is, between 82% and 85 % of the time the team that wins the game also covers the pointspread. Either the Favorite wins and covers, or the Underdog pulls off the upset and wins straight up. That 15% to 18% figure refers to those times when the Favorite wins but by less than the pointspread.

What is the payout on 20 to 1 odds?

The odds and what they mean

Odds Payoff range
10-1 \$22.00-\$23.90
15-1 \$32.00-\$33.90
20-1 \$42.00-\$43.90
30-1 \$62.00-\$63.90

What happens to a moneyline bet in a tie?

In a two-way moneyline (where the only options are to bet on either team), a tie game will result in a push.