-112 Odds Explained
- Decimal
- 1.89
- American
- -112
- Fractional
- 25/28
- Implied probability
- 52.83%
- Polymarket
- 53¢
- $100 wins
- 89.29
- American
- -112
- Fractional
- 25/28
- Implied probability
- 52.83%
- Polymarket
- 53¢
- Profit
- 89.29
- Total return
- 189.29
1.893 decimal, -112 American, 52.83% implied probability
-112 is an American price:
the minus sign marks a favourite, and the number is the stake needed to win 100
. Every other format describes the same chance: 1.89 decimal, 25/28 fractional, 52.83% implied probability, 53¢ on Polymarket.
What -112 pays
A 100 stake at -112 returns 189.29 in total: your 100 back plus 89.29 profit. To win exactly 100 you would stake 112.00. The table covers the stakes people actually use.
| Stake | Profit | Total return |
|---|---|---|
| 10 | 8.93 | 18.93 |
| 25 | 22.32 | 47.32 |
| 50 | 44.64 | 94.64 |
| 100 | 89.29 | 189.29 |
| 500 | 446.43 | 946.43 |
| 1,000 | 892.86 | 1,892.86 |
Break-even and long-run results
The implied probability of -112 is 52.83%, and that number is also the break-even win rate: win more often than 52.83% of the time at this price and you profit in the long run, win less often and you lose. The table shows the return on stake at a few win rates, including the break-even rate itself.
| Win rate | Return on stake |
|---|---|
| 50% | -5.4% |
| 53% | 0.3% |
| 55% | 4.1% |
| 60% | 13.6% |
| 65% | 23.0% |
-112 sits close to even money. The bookmaker sees this as roughly a coin flip, with the margin nudging both sides of the market a little under fair. Point spreads and totals live here: the line moves to make each side about a 50% proposition, and the price carries the juice.
The vig at -112
If both sides of a two-way market were priced at -112, the implied probabilities would add up to 5.66% above 100%. That excess is the overround, or vig; as a share of stakes it is a 5.36% margin for the bookmaker. Removing it leaves fair odds of 2.00 decimal ( +100) on each side. Use the devig calculator to do the same for any market.
-112 on a betting exchange
Exchanges charge commission on net winnings, so the price you see is not the price you get. At 2% commission -112 is worth 1.875 decimal (-114 American); at 5% it drops to 1.848 (-118). Those are the bookmaker prices you would need to beat.
| Commission | Effective decimal | Effective American | Break-even |
|---|---|---|---|
| 2% | 1.875 | -114 | 53.33% |
| 5% | 1.848 | -118 | 54.11% |
Same price in other formats
Nearby prices
Nearby prices
Frequently asked questions
What does -112 mean in betting?
-112 is an American price. Positive numbers show the profit on a 100 stake; negative numbers show the stake needed to win 100. At -112 the implied probability is 52.83% and a 100 stake returns 189.29.
What is -112 in decimal odds?
-112 converts to 1.893 in decimal odds (usually shown as 1.89). Decimal odds are the total return per unit staked, so multiply your stake by 1.893 to get the return.
What is -112 as a fraction?
-112 is 25/28 in fractional odds, the traditional bookmaker notation where the top number is profit and the bottom number is stake.
How much do I win on a 100 bet at -112?
A 100 stake at -112 wins 89.29 in profit and returns 189.29 including the stake. To win exactly 100 you would stake 112.00.
What win rate do I need at -112?
The break-even win rate equals the implied probability, 52.83%. Winning more often than that at this price is profitable over the long run; winning less often loses money.