What do + and - mean in sports betting? Understanding Plus and Minus in Betting Sports: Point Spreads and Odds Explained,

What do + and - mean in sports betting? Understanding Plus and Minus in Betting Sports: Point Spreads and Odds Explained,

The plus (+) and minus (-) in sports betting can refer to either the point spread or betting odds. In terms of the spread, the " - " always refers to the favorite, while the " + " always indicates the underdog. This distinction allows bettors to make informed decisions based on the relative strengths of the teams involved. Let's delve deeper into the concept of plus and minus in sports betting.

Point Spreads: Decoding the Favorites and Underdogs

When it comes to point spreads, the minus sign (-) designates the favored team, while the plus sign (+) denotes the underdog. Consider a scenario where the Dallas Cowboys are favored by -7 points against the Green Bay Packers, or conversely, the Packers are underdogs by +7 points. If you bet on the Cowboys -7, and they win by more than seven points, your bet is successful. Similarly, if you bet on the Packers +7, they need to either lose by less than seven points or win outright for your bet to be a winner.

Betting Odds: Unraveling the Favorites and Underdogs

The concept of plus and minus also applies to betting odds, although favorites don't always have a " - " sign. This is especially true in sports like baseball, hockey, or soccer, where matches often see close results determined by a single run or goal. Soccer, in particular, has the possibility of ending in draws, whereas most other sports have overtime rules to determine a winner. However, in most cases, the favorite will have a " - " sign in front of its moneyline odds, while the underdog will always have a "+ " sign.

Moneyline Betting Odds: Calculating Potential Payouts

Let's explore an example of moneyline betting odds. You may choose to bet on the Philadelphia Eagles as a -150 favorite to win, or you could select the New York Giants as a +180 underdog. If you wager $100 on the Eagles at -150 and they win, your payout would amount to $166.70. Conversely, if you bet on the Giants at +180 and they emerge victorious, you would receive a payout of $280 since they are considered the underdog.

In soccer, the odds could present Arsenal as a +150 favorite against Everton as a +190 underdog, while the draw would be set at +220. In this case, the payout would be favorable in all scenarios due to the balanced nature of the teams and the potential for three possible outcomes, as opposed to just two in games like football (unless they end in a scoreless tie during overtime). When both teams have a " + " sign before their odds, the team with the lower number is the favorite. Furthermore, a lower number signifies a lower payout, which is typically the case when betting on the favorite in terms of moneyline odds. For instance, a $100 bet on Arsenal at +150 would yield a net payout of $250, while the same bet on Everton at +190 would result in a net payout of $290. Additionally, a $100 bet on the draw at +220 would provide a payout of $320.

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How to Read American Odds: A Comprehensive Guide

American odds are the standard format used in regulated online sportsbooks across the United States. Understanding how to interpret these odds is essential for making informed betting decisions. This article will provide a detailed explanation of American odds, including the symbols used, advantages and disadvantages, and a comparison to other odds formats you may encounter.

Betting Odds Explained

In American odds, two key symbols are used: the plus sign (+) and the minus or negative symbol (-). These symbols are universally recognized in the North American sports betting industry. The plus sign indicates underdogs, while the minus sign denotes favorites. This applies to all types of bets, including moneylines and point spreads.

Pros and Cons of American Odds

American odds offer certain advantages and disadvantages compared to other odds formats. One advantage is the ease of calculating payouts, especially when using a $100 wager. The plus odds indicate the amount you would win with a $100 bet, while the minus odds specify the amount you need to wager to win $100. However, if you want to calculate the implied winning probability, fractional odds are more suitable.

American Odds vs. Decimal and Fractional Odds

While odds formats may differ, they all represent the same price. American odds are the default format used by U.S. online sportsbooks. Decimal odds, commonly used in other parts of the world, can be converted by multiplying them with your wager. Fractional odds, prevalent in the United Kingdom and horse racing, represent the ratio between the potential profit and the wager.

What Does +200 Mean in Betting?

If you come across a bet with +200 odds, it signifies that you are betting on a slight underdog. The odds of +200 indicate that a $100 wager would result in a $200 profit if successful. The total payout would be $300, including the initial wager.

How to Calculate & Bet Using American Odds

Calculating and betting with American odds depend on the specific sport and bet type. For sports like the NBA or NFL, point spread wagers typically have odds of -110. MLB and NHL use a "runline" and "puckline," respectively, where teams are favored by one-and-a-half points with varying odds.

Understanding American odds is crucial for navigating the world of online sports betting in the United States. By familiarizing yourself with this format, you can make more informed betting decisions and maximize your potential winnings.

NFL Betting Odds

The NFL is the most popular sport to bet on in the U.S. Understanding NFL betting odds is essential for successful wagering.

Moneyline Example

TeamMoneylineWinnings on $100 Bet
Los Angeles Rams-120$83.33
Tampa Bay Buccaneers+110$110

The close moneyline values indicate a small margin of superiority or inferiority between the teams. Betting $120 on the Rams would yield a $100 profit, while a $100 bet on the Buccaneers would result in a $110 profit.

Point Spread Example

TeamPoints Spread / OddsWinnings on $100 Bet
Los Angeles Rams-2 (-110)$90.91
Tampa Bay Buccaneers+2 (-110)$90.91

The -2 and +2 represent the point spread, indicating the favorite and underdog. In NFL betting, the goal of the point spread is to make the teams even, resulting in even odds.

NBA Betting Odds

NBA betting follows similar principles to NFL betting, with point spreads often involved.

Moneyline Example

TeamMoneylineWinnings on $100 Bet
Boston Celtics-190$52.63
Portland Trail Blazers+160$160

While -110 odds are common in NBA betting, it's possible to have "+" odds for underdogs.

Point Spread Example

TeamPoints Spread / OddsWinnings on $100 Bet
Boston Celtics-8.5 (-110)$90.91
Portland Trail Blazers+8.5 (+100)$100

Like in the NFL, the point spread aims to equalize the teams, resulting in even odds.

MLB Betting Odds

Major League Baseball (MLB) introduces some differences in betting odds compared to the NFL and NBA.

Runline Example

TeamRun Line / OddsWinnings on $100 Bet
Tampa Bay Rays-1.5 (+200)$200
Oakland Athletics+1.5 (-170)$58.82

MLB uses the runline, which represents the point spread. A consistent runline at -1.5 is common. The odds vary for each team, reflecting the difference in runline.

NHL Betting Odds

NHL odds follow a similar structure to MLB, with the point spread known as the "puckline."

Puck Line Example

TeamPuck Line / OddsWinnings on $100 Bet
Tampa Bay Lightning-1.5 (+140)$140
Colorado Avalanche+1.5 (-110)$90.92

The puckline, like the runline, aims to balance the teams. Occasionally, larger spreads of 2.5 might occur for top-tier vs. bottom-feeder matchups.

Golf Betting Odds

Golf betting primarily focuses on picking the outright winner from a large field of competitors.

Outright Winner Moneyline Example

GolferOutright Winner MoneylineWinnings on $100 Bet
John Rahm+1200$1,200
Justin Thomas+1400$1,400
Ryan Fox+25000$25,000
Scottie Scheffler+1400$1,400

With golf's large fields, even top favorites can have massive underdog odds compared to other sports.

UFC Betting Odds

In UFC betting, moneyline bets on the outright winner are common.

Moneyline Example

FighterOdds
Dustin Poirier-425
Nate Diaz+340

UFC odds can have significant discrepancies due to the potential for quick finishes, making +700 odds more noteworthy than in other sports.

Conclusion

Understanding American odds is vital for navigating sports betting in various sports. The plus and minus symbols represent the cost and potential payout, providing an implied probability for each game. By grasping American odds, you can make more informed betting decisions and enhance your overall wagering experience.

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