What does 3.00 odds mean?

Decimal odds are shown as one number representing the amount a bettor can win for every $1 wagered. For example, a $1 bet on decimal odds of 3.0 would return $4 in total, a $3 profit, and the original $1 wager back.

What does +3 mean in a sports bet?

On the other side of the bet, if a bettor chooses the underdog (+3), that team must either upset the favorite and win the game or lose the game, but by fewer than 3 points for the bettor to be successful.

What does it mean when odds are negative?

Odds with a negative (-) symbol indicate the betting favorite. The number that follows the negative symbol (the odds) reveals how much to bet for every $100 you want to win. For example, as explained above, if the team you're betting has -110 odds, you need to wager $110 to win $100.

What does +3.5 odds mean?

A spread of +3.5 means a team must win outright or lose by fewer than four points to cover the spread. A +3.5 spread is particularly enticing in football because, as noted earlier, 3-point victory margins are extremely common. An example of a +3.5 spread: New England Patriots +3.5. Miami Dolphins -3.5.

What does minus 3 odds mean?

A minus 3 spread means that the team that is favored is expected to win by 3 points. This means that if you bet on a team's spread at -3, then the team must win by at least 3 points for you to win your bet.

Understanding Betting Odds in 5 Minutes

Is a negative number good in odds?

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 does minus 4 mean spread?

The minus sign denotes that that team has to win by more than that margin while the plus sign indicates that the other team can lose by that margin, or win the game, and they cover the spread in either case. Following this example, the Chiefs are at -4.5.

What does +3 mean in odds in NFL?

The point spread is the expected final score difference between two teams. It is represented as both a negative and positive number; if the spread is 3 points, you'll see that as both -3 and +3. The team that is the favorite to win gets the minus-number (-3); the underdog gets the plus-number (+3).

What does +8.5 odds mean?

If it says “Hornets +8.5”, that means that you are betting on the Hornets to either win outright, or at least lose by fewer than 8.5 points. Here's how the results breakdown: If you bet on the Celtics: If they win by 8.5 points or more, you win your bet. If they lose or win by less than 8.5 points, you lose your bet.

What does 3.1 odds mean?

What does 3 to 1 odds mean? 3-1 Betting Odds means that out of 4 possible outcomes, the 3/1 odds are that there will be 3 of one kind of outcome and 1 of another kind of outcome. The 3-1 odds calculation means for every 4 betting events your selection should win 1 times and on 3 occasions the selection will not win.

What does odds greater than 2.0 mean?

Decimal odds below 2.0 are less than even money odds, meaning the potential return will be less than your stake. Odds above 2.0 are positive odds, meaning your potential return will be more than your stake. Decimal odds are also the most economical way to bet parlays, because the true odds will be calculated.

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.

What does +7.5 mean in a spread?

If you bet on them to win, they must beat the opposing team by at least 7.5 points. On the opposite side of the wager, the New England Patriots are the underdog to win. To beat the spread, they must close the point gap to within 7.5 points or win outright.

What does minus 3.5 spread mean?

Therefore, -2 means that a team must win by more than two points in order to cover the spread. If they win by exactly two points, the bet would push and the stake would be returned with no winnings. Similarly, -3.5 means the team must win by more than four.

What is the +1.5 spread?

This means that the underdog must win outright or lose by exactly one point to cover the spread. Alternatively, a +1.5 spread means that the favorite must win by two points, runs, etc. or more. The +1.5 is the standard “run line” in MLB betting. Many baseball games are decided by fewer than two runs.

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 2.75 odds mean?

Over 2.75: More than 4 goals must be scored during the match to win. If 2 or fewer goals are scored, you lose your bet. If 3 goals are scored, you win half of earnings. Under 2.75: 2 goals or less must be scored during the match to win. If 3 goals are scored, you win half of earnings.

Are higher odds better?

Odds is the payout of a winning bet

Odds show how much money you will win, if you bet on an event to happen. The higher the odds are, the more you will win, relative to your stake.

What does +2.5 spread mean?

In sports betting, a team that is +2.5 is a 2.5-point underdog. The team must lose by 2 points or less or win the game in order for the bet to win.

Do I win if I bet a team +3 and they lose by 3?

You can lose by one point or by two points and still win the bet. If you bet the Chargers at +3 and lose by three points, it is a tie.

What is a negative 2.5 spread?

For the team getting -2.5 to successfully win the bet against the spread, they will need to win by three or more points. The team with +2.5 odds would have to either win, or lose by two points or less.

How do plus minus spreads work?

The Money Line: Odds for a game based on $1. A "minus" (-) preceding the number indicates the team is a favorite. A "plus" (+) preceding the number indicates the team is an underdog.

How do you read a negative spread?

Why should you bet on negative odds?

Negative odds indicate favorites, and underdogs have positive odds. The range between the odds can indicate the closeness of the matchup in the eyes of the sportsbook, while the pricing may differ at competing sportsbooks.

What's +10 spread mean?

The +10 means that Team A will have to win by at least 10 points for you to win our bet, while the -10 means Team B has to lose by fewer than 10 points for you to win your bet.