−102 odds: what they mean and what they pay
At −102 you bet $102 to win $100 in profit, $202 back in all. The price implies a 50.50% chance, so you need to win more than 50.50% of these bets to come out ahead.
The same price in every format
| American | −102 |
|---|---|
| Decimal | 1.980 |
| Fractional | 50/51 |
| Implied chance | 50.50% |
| Break-even win rate | 50.50% |
What −102 pays
| Bet | Profit if it wins | Total back |
|---|---|---|
| $10 | $9.80 | $19.80 |
| $25 | $24.51 | $49.51 |
| $50 | $49.02 | $99.02 |
| $100 | $98.04 | $198.04 |
| $250 | $245.10 | $495.10 |
| $1,000 | $980.39 | $1,980.39 |
Is −102 good odds?
It depends on how likely the bet is to win, not on the number itself. −102 is a good price on a side that wins more than 50.50% of the time and a bad one on a side that wins less. If a market kept nothing, the other side of a −102 bet would be +102; real books price it worse than that, and the gap is their cut. At −110 on both sides, the most common spread and total price, the cut is 4.76%. Which book keeps the least differs: every sportsbook's cut, measured.
As a price, −102 makes the side close to even: at this price both sides of a game are often priced alike, and the gap from 50% is mostly the book's cut.
What a better price is worth
Find +100 instead of −102 on the same bet and the win rate you need drops from 50.50% to 50.00%. Over 100 bets of $100 that win 50.50% of the time, −102 breaks even and +100 comes out about $99.01 ahead: the same picks, a better price. Books often differ by that much on the same game: the board shows which one pays the most.
−102 in a parlay
Two legs at −102 combine to decimal 3.922 (about +292): $100 would return $392.20. Each leg's cut compounds, so a parlay keeps more for the book than a single bet. Parlay calculator.
Questions
What does -102 mean in betting?
-102 means you bet $102 to win $100 in profit, returning $202 in all.
How much do I win on a $100 bet at -102?
$98.04 profit, $198.04 back in all if it wins.
What is -102 as a percentage?
-102 implies a 50.50% chance. That's also the share of bets you'd need to win to break even.
What is -102 in decimal odds?
1.980. In fractional odds it's about 50/51.
Is -102 a good bet?
Only if the side wins more than 50.50% of the time. The price alone can't tell you: compare it with other sportsbooks' prices on the same bet, since a better price lowers the win rate you need.