How do you read wager odds?

Whereas negative (-) odds tell you what you have to bet on the favorite to win $100, positive (+) odds tell you how much you'll win for every $100 you wager on the underdog. So, a team with odds of +120 would payout $120 for every $100 wager.

What does +200 odds mean?

They are American money line odds; for example, +200 signifies the amount a bettor could win if wagering $100. If the bet works out, the player would receive a total payout of $300 ($200 net profit + $100 initial stake).

What do odds +150 mean?

A moneyline is simply a bet type that only includes Odds, as in “Odds to win”. Example: a moneyline of +150, is just +150 odds ($100 to win $150) for the listed team to win. A moneyline of -150 is just -150 odds ($150 to win $100) for the listed team to win.

What does +140 odds mean?

Let's say Team A has odds of +140. This would mean that you'd get $140 if you bet $100 and your team wins. If Team B has -140, it means you'll have to bet $140 to win $100. It's relatively easy to understand and you just have to remember what the plus and minus signs mean.

How do you read 5 to 1 odds?

5-1 Betting Odds means that out of 6 possible outcomes, the 5/1 odds are that there will be 5 of one kind of outcome and 1 of another kind of outcome. The 5-1 odds calculation means for every 6 betting events your selection should win 1 time and on 5 occasions the selection will not win.

Guide to Reading Betting Odds: What they Mean & How to Use Them

How do you read odds for dummies?

Whereas negative (-) odds tell you what you have to bet on the favorite to win $100, positive (+) odds tell you how much you'll win for every $100 you wager on the underdog. So, a team with odds of +120 would payout $120 for every $100 wager.

What does 1 to 7 odds mean?

The 7-1 odds calculation means for every 8 betting events your selection should win 1 time and on 7 occasions the selection will not win.

What does negative 300 odds mean?

In sports betting, a negative money line (represented as -200, -300, -400, etc.) represents the amount of money that you need to bet in order to win $100 if your bet is correct.

How do plus minus odds work?

A "minus" (-) preceding the number indicates the team is a favorite. A "plus" (+) preceding the number indicates the team is an underdog. Bet No. The Dolphins' odds are -180, meaning an $18 bet would win $10 for a return of $28.

What do 8 to 11 odds mean?

8-11 Betting Odds means that out of 19 possible outcomes, the 8/11 odds are that there will be 8 of one kind of outcome and 11 of another kind of outcome. The 8-11 odds calculation means for every 19 betting events your selection should win 11 times and on 8 occasions the selection will not win.

What does minus 250 odds mean?

Now, if there is a minus sign in front of the odds, that is the number that you would have to bet in order to win $100. For example, if a football team was -250, that means you'd have to bet $250 to win $100.

How do you read odds numbers?

Negative numbers signify the favorite on the betting line. The negative number indicates how much you'd need to bet to win $100. If the number is positive, you're looking at the underdog, and the number refers to the amount of money you'll win if you bet $100.

What number is high odds?

High odds would be something like 99-to-1 against. If you bet on a team with those odds, you'd be happy if they won because you'd win a lot of money, but these aren't the odds you want if you need something to happen because 99-to-1 is a long shot.

What does +125 mean in odds?

You'll see something like -125 or +125: The negative numbers mean that they are the favorite – the positive numbers mean they're the underdog. For example, when the odds are -125 it means you have to risk $125 in order to win $100. On the other hand, when the odds are +125, you'll be risking 100 to win $125.

What does +350 mean in gambling?

The “+” sign in front of a number — for example, +350 — means that a bet has been placed on the underdog, and the three digits following that sign indicate the amount paid out if the bet wins and the bettor had wagered $100.

What does negative 100 odds mean?

What does plus and minus mean in sports betting? What does "plus" and "minus" mean as a sports betting term? Odds expressed in terms of money, with $100 being the standard. If the odds are minus (–), then that amount of money must be wagered to win $100. (e.g. –150 means you must bet $150 to win $100.)

Why would you bet on negative odds?

The minus sign shows you which team is favored. When you bet on the favorite you get worse payout odds on your bet since they're more likely to win. The team with a negative number (like -110) is the favorite.

Are plus odds good or bad?

The odds for a favorite team to win the game are usually listed with a '-' sign, which indicates the amount a better would need to bet to win $100. For the underdogs, the odds are accompanied by a '+' sign. This shows how much a better would win if they staked $100.

How does the minus in Moneyline work?

So, for instance, let's say a moneyline favorite appears as -180 on the betting board. That minus sign indicates the amount of money one must wager to win $100. So a bettor looking to win $100 will risk $180. Another bettor looking to win $10 will risk $18.

What does +1400 odds mean?

The bigger the number after the plus sign, the bigger of an underdog that the team or person is to win. So, if a team is +1000 to win, this would mean that you would win $1000 in profit with a bet of $100 - if they won, of course.

Do you get your wager back on negative odds?

Of course, if you win, you get your bet back as well. To figure payout on negative odds, take the number from the negative line and divide it by 100. Continuing with our example, that would be 770/100=7.7. Then divide your wager by that number, which would be 50/7.7=6.49.

What are minus 110 odds?

American odds

For favored bets, the bet odds will start with a negative number and they tell you how much you need to bet to win $100. If the odds are -110, a common number for a bet involving a spread, you would need to bet $110 to win $100. If your odds are -200, you would need to bet $200 to win $100.

Is 20 to 1 odds bad?

The 20-1 betting odds probability is a 95.24 per cent probability of a particular outcome and 4.76 per cent probability of another outcome. The 20/1 odds implied probability means your selection has a 4.76% chance of winning and a 95.24% chance the selection will lose.

Are 10 to 1 odds bad?

At 10-1 horse odds you could look to bet each way and still show a good profit if the selection is only placed. Many punters ask if 10/1 odds good or bad and the boring answer is it depends on whether it is value for money in the betting market. A 10-1 winner is good odds and a 10/1 loser is bad odds.

What does 15 to 2 odds mean?

15-2 Betting Odds means that out of 17 possible outcomes, the 15/2 odds are that there will be 15 of one kind of outcome and 2 of another kind of outcome. The 15-2 odds calculation means for every 17 betting events your selection should win 2 times and on 15 occasions the selection will not win.