Here we will explain what minus 123 odds mean, give you the percentage probability of -123 odds, and provide you with a -123 odds calculator. Before we continue, note that we are talking about -123 American odds, also known as -123 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 -123 is the likely winner. The percentage probability of winning a bet with -123 odds is about 55.16 percent.
Furthermore, -123 odds means that for each $100 you bet, you will win $81.30. So if your team wins, a $100 bet will result in a total payout of $181.30 (bet plus winnings).
In the -123 Moneyline Odds Calculator (-123 American Odds Calculator) below, you can enter your bet to calculate your winnings and payouts of a minus 123 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 124 odds mean?
Here is another American odds that we have explained for you!