+112 Odds Explained
- Decimal
- 2.12
- American
- +112
- Fractional
- 28/25
- Implied probability
- 47.17%
- Polymarket
- 47¢
- $100 wins
- 112.00
- American
- +112
- Fractional
- 28/25
- Implied probability
- 47.17%
- Polymarket
- 47¢
- Profit
- 112.00
- Total return
- 212.00
2.120 decimal, +112 American, 47.17% implied probability
The price +112 converts to 2.12 decimal odds and 28/25 fractional odds. Read as a probability it says the bookmaker prices this outcome at 47.17%, which is the share of the time you would need to win just to break even. A prediction market would quote the same chance as 47¢.
What +112 pays
A 100 stake at +112 returns 212.00 in total: your 100 back plus 112.00 profit. To win exactly 100 you would stake 89.29. The table covers the stakes people actually use.
| Stake | Profit | Total return |
|---|---|---|
| 10 | 11.20 | 21.20 |
| 25 | 28.00 | 53.00 |
| 50 | 56.00 | 106.00 |
| 100 | 112.00 | 212.00 |
| 500 | 560.00 | 1,060.00 |
| 1,000 | 1,120.00 | 2,120.00 |
Break-even and long-run results
The implied probability of +112 is 47.17%, and that number is also the break-even win rate: win more often than 47.17% 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 |
|---|---|
| 47% | -0.4% |
| 50% | 6.0% |
| 55% | 16.6% |
| 60% | 27.2% |
| 65% | 37.8% |
An implied probability of 47.17% makes +112 a near-even price. This is the natural home of handicap and over/under markets, where the bookmaker adjusts the line rather than the price and both sides are quoted a shade under 2.00 decimal.
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 -6.00% 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 2.098 decimal (+110 American); at 5% it drops to 2.064 (+106). Those are the bookmaker prices you would need to beat.
| Commission | Effective decimal | Effective American | Break-even |
|---|---|---|---|
| 2% | 2.098 | +110 | 47.67% |
| 5% | 2.064 | +106 | 48.45% |
Same price in other formats
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 47.17% and a 100 stake returns 212.00.
What is +112 in decimal odds?
+112 converts to 2.120 in decimal odds (usually shown as 2.12). Decimal odds are the total return per unit staked, so multiply your stake by 2.120 to get the return.
What is +112 as a fraction?
+112 is 28/25 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 112.00 in profit and returns 212.00 including the stake. To win exactly 100 you would stake 89.29.
What win rate do I need at +112?
The break-even win rate equals the implied probability, 47.17%. Winning more often than that at this price is profitable over the long run; winning less often loses money.