−112 odds: what they mean and what they pay
At −112 you bet $112 to win $100 in profit, $212 back in all. The price implies a 52.83% chance, so you need to win more than 52.83% of these bets to come out ahead.
The same price in every format
| American | −112 |
|---|---|
| Decimal | 1.893 |
| Fractional | 25/28 |
| Implied chance | 52.83% |
| Break-even win rate | 52.83% |
What −112 pays
| Bet | Profit if it wins | Total back |
|---|---|---|
| $10 | $8.93 | $18.93 |
| $25 | $22.32 | $47.32 |
| $50 | $44.64 | $94.64 |
| $100 | $89.29 | $189.29 |
| $250 | $223.21 | $473.21 |
| $1,000 | $892.86 | $1,892.86 |
Is −112 good odds?
It depends on how likely the bet is to win, not on the number itself. −112 is a good price on a side that wins more than 52.83% of the time and a bad one on a side that wins less. If a market kept nothing, the other side of a −112 bet would be +112; 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, −112 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 −110 instead of −112 on the same bet and the win rate you need drops from 52.83% to 52.38%. Over 100 bets of $100 that win 52.83% of the time, −112 breaks even and −110 comes out about $85.76 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.
−112 in a parlay
Two legs at −112 combine to decimal 3.583 (about +258): $100 would return $358.29. Each leg's cut compounds, so a parlay keeps more for the book than a single bet. Parlay calculator.
Questions
What does -112 mean in betting?
-112 means you bet $112 to win $100 in profit, returning $212 in all.
How much do I win on a $100 bet at -112?
$89.29 profit, $189.29 back in all if it wins.
What is -112 as a percentage?
-112 implies a 52.83% chance. That's also the share of bets you'd need to win to break even.
What is -112 in decimal odds?
1.893. In fractional odds it's about 25/28.
Is -112 a good bet?
Only if the side wins more than 52.83% 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.