Here we will explain what minus 121 odds mean, give you the percentage probability of -121 odds, and provide you with a -121 odds calculator. Before we continue, note that we are talking about -121 American odds, also known as -121 Moneyline odds.
When two teams or opponents are playing against each other, usually the team with positive odds is the underdog and not likely to win, while the team with the negative odds is the favorite to win.
Thus, a team that has the American odds of -121 is the likely winner. The percentage probability of winning a bet with -121 odds is about 54.75 percent.
Furthermore, -121 odds means that for each $100 you bet, you will win $82.64. So if your team wins, a $100 bet will result in a total payout of $182.64 (bet plus winnings).
In the -121 Moneyline Odds Calculator (-121 American Odds Calculator) below, you can enter your bet to calculate your winnings and payouts of a minus 121 odds bet.
American Odds Calculator
Learn what another American odds means and calculate how much you can win. Please enter a negative (-) or positive (+) American odds in the box below.
What does minus 122 odds mean?
Here is another American odds that we have explained for you!