1.02 Decimal Odds Explained
- Decimal
- 1.02
- American
- -5,000
- Fractional
- 1/50
- Implied probability
- 98.04%
- Polymarket
- 98¢
- $100 wins
- 2.00
- American
- -5,000
- Fractional
- 1/50
- Implied probability
- 98.04%
- Polymarket
- 98¢
- Profit
- 2.00
- Total return
- 102.00
1.020 decimal, -5,000 American, 98.04% implied probability
A price of 1.02 carries an implied probability of 98.04%. That is the share of the time the bookmaker expects this outcome, margin included. In other formats it reads -5,000 (American), 1/50 (fractional) and 98¢ on a prediction market.
What 1.02 pays
Multiply the stake by 1.02 to get the total return. A 100 stake returns 102.00, of which 2.00 is profit. To win 100 in profit you would need to stake 5,000.00.
| Stake | Profit | Total return |
|---|---|---|
| 10 | 0.20 | 10.20 |
| 25 | 0.50 | 25.50 |
| 50 | 1.00 | 51.00 |
| 100 | 2.00 | 102.00 |
| 500 | 10.00 | 510.00 |
| 1,000 | 20.00 | 1,020.00 |
Break-even and long-run results
One divided by 1.02 is 98.04%: the implied probability, and the win rate at which betting this price neither makes nor loses money. The rows below show the return on stake at several win rates.
| Win rate | Return on stake |
|---|---|
| 50% | -49.0% |
| 55% | -43.9% |
| 60% | -38.8% |
| 65% | -33.7% |
| 98% | -0.0% |
Below about 1.33 decimal a price is a heavy favourite, and 1.02 implies 98.04%. Short prices concentrate risk: a run of wins pays a little each time and one upset takes it all back. On exchanges these favourites are often a tick better than at a bookmaker because the margin at this end of the market is large.
Converting 1.02 by hand
Every other format follows from the decimal price in one step. Implied probability is one divided by 1.02, which gives 98.04%. American odds depend on which side of 2.00 the price sits: below 2.00, divide −100 by (1.02 − 1) to get -5,000. The fraction is 1.02 − 1 written as a ratio and snapped to the nearest traditional price, 1/50. A prediction market simply quotes the probability in cents: 98¢.
The vig at 1.02
If both sides of a two-way market were 1.02, their implied probabilities would sum to 96.08% above 100%. That is the overround; as a share of stakes it is a 49.00% margin. The fair price with the margin removed is 2.00 on each side. The devig calculator does this for any market and any method.
1.02 on a betting exchange
Exchange commission comes off winnings, so 1.02 at 2% commission is really 1.020, and at 5% it is 1.019. The break-even win rate rises accordingly.
| Commission | Effective decimal | Effective American | Break-even |
|---|---|---|---|
| 2% | 1.020 | -5,102 | 98.08% |
| 5% | 1.019 | -5,263 | 98.14% |
Same price in other formats
Nearby prices
Frequently asked questions
What does 1.02 decimal odds mean?
Decimal odds of 1.02 return 1.02 for every 1.00 staked, including the stake, so the profit is 1.02 minus 1. The implied probability is 98.04%.
What is 1.02 in American odds?
1.02 decimal is -5,000 in American odds. Prices of 2.00 and above convert with (decimal − 1) × 100; prices below 2.00 with −100 / (decimal − 1).
What is 1.02 as a fraction?
1.02 is 1/50 in fractional odds: subtract 1 from the decimal price and express the result as a fraction.
How much does 100 return at 1.02?
100 × 1.02 = 102.00 total return, of which 2.00 is profit.
What win rate breaks even at 1.02?
1 / 1.02 = 98.04%. Win more often than that and the price is profitable; the bookmaker's margin means both sides of a market usually sit a little under fair.