What does it mean when odds increase?
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.
When you see a plus sign in front of a number (like +150 for example) it tells you which team is the underdog. You get a higher payout betting on the underdog since they're less likely to win. The team with the plus sign (like +150) is the underdog.
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).
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.
A generally accepted strategy in NFL betting is to place bets early in the week, and it's a fairly simple principle: As bettors make wagers, bookmakers adjust their lines, and those lines only become more accurate and thus harder to beat. This principle is backed up by data.
A $10 bet with -200 odds would give you $5 plus your original $10 bet back. Odds with a plus sign are underdog bets. Plus odds tell you how much profit you will get on a $100 bet. A $100 bet with +200 odds nets you $200 profit plus your original $100 bet.
A line with a positive number means that the team is the underdog. If the line, for example, was +160 then you would make a profit of $160 if you were to bet $100.
For an example of moneyline betting odds, you can bet the Eagles as a -150 favorite to win or the Giants as a +180 underdog to win. If you bet $100 on the Eagles to win at -150, you would net a payout of $166.70. If you bet on the Giants to win at +180, the payout would be $280 because they are an underdog.
In the simplest terms, a negative spread indicates the favorite, which is the side that's expected to win the matchup. A negative point spread really means that team has some work to do. For a negative spread bet to hit, the team has to beat its opponent by a margin greater than the point spread.
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 +240 mean in odds?
| Fractional | American | Implied Prob |
|---|---|---|
| 21/10 | 210 | 32.26% |
| 11/5 | 220 | 31.25% |
| 12/5 | 240 | 29.41% |
| 11/4 | 275 | 26.67% |
New York Giants +240
If you see a plus sign (+) in front of the number, that indicates that it's the underdog, and again, the number after it indicates how much you'd win with a $100 bet. If you bet $100 on the Giants to win, and they did, you'd win $240.
Moneyline odds that are listed at +200 mean that a team is a clear underdog in the bet. The favorite will usually be listed at -110 or lower, and the underdog will have a (+) in front of their odds.
It's just 1x the deposit amount. So if you're betting $20 a game, you need to make five bets before you're eligible to cash out. But with a 10x rollover, you need to wager $1,000 before you can cash out. Let's say you keep betting $20 per game. You need to bet 50 games before you can cash out.
10-3 Betting Odds means that out of 13 possible outcomes, the 10/3 odds are that there will be 10 of one kind of outcome and 3 of another kind of outcome. The 10-3 odds calculation means for every 13 betting events your selection should win 3 times and on 10 occasions the selection will not win.
- 1Know your bet's break-even rate.
- 2Shop around for the best price.
- 3Know the value of a half-point, especially in NFL betting.
- 4Avoid parlays, especially single-game parlays.
- 5Place your bets early in the week, not at the last minute.
- 6Focus on closing line value.
The easiest sport to bet on in terms of beating the book is college basketball. The easiest sport to bet on in terms of accessibility is NFL football. The easiest sport to bet on for beginners is MLB baseball.
Casino games are for entertainment, and their payouts are random, so there's no specific time of the day or week where you'll experience more wins.
If the odds have a plus, that means you'll win that amount of money if you win the wager. For example, let's say the odds are -150. This means you'll have to wager $150 to get $100 on a winning bet. If the odds are +130, this means you'll win $130 if your bet of $100, or more, wins.
In betting, odds represent the ratio between the amounts staked by parties to a wager or bet. Thus, odds of 3 to 1 mean the first party (the bookmaker) stakes three times the amount staked by the second party (the bettor).
How do odds work simple?
Betting odds are the ratio between the amount staked by the bookies and the bettor, so 7/1 means the bookies stake seven times the amount the bettor has wagered. If the bettor wins; their predicted outcome materialises; they will take seven times their bet from the bookie (in this case).
If you were to bet $10 on +1400 odds you would receive $140.00 in profit if this outcome won. Odds accompanied with a positive sign (+) indicate that this is the underdog and this outcome will have a lower chance of winning compared to a favorite, however underdogs will yield a higher profit if they win.
Other betting types don't use the -110 at all, but it's imperative for any bettor to know what it means. A +100 odds line, on the other hand, means that you have the opportunity to win the same amount that you are wagering. Making a $100 wager at +100 odds means that you could win $100 on that bet.
Rarely -- for golf, that is -- you'll see money lines, which show how much one would win if they bet $100. In this instance, if Jordan Spieth is +1200, that means you'd win $1,200 off a $100 wager (plus the original $100 amount).
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.
If the spread is set at +7, this means that to cover, the underdog must either win the game outright or lose by fewer than seven points. For the favorite to cover, they must win by more than seven points.
Bookmakers set a spread with the hopes of getting equal action on both sides of a game. For example, the Colts are a -3 point favorite against the Texans. The -3 points is the spread. If you want to bet the Colts on the spread, it would mean the Colts need to win by at least three points for you to win the bet.
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).
| Fractional Odds | Decimal Odds | American Odds |
|---|---|---|
| 21/10 | 3.1 | 210 |
| 11/5 | 3.2 | 220 |
| 12/5 | 3.4 | 240 |
| 11/4 | 3.75 | 275 |
What that sign denotes is how much you'll win betting on each side. If there's a positive sign next to the odds, that indicates the amount of money you would win if you bet $100. If the odds on a tennis player said +150, that means that for a $100 bet, you would win $150.
Are odds always 50 50?
The sum of all possible outcomes is always 1 (or 100 percent) because it is certain that one of the possible outcomes will happen. This means that for the coin toss, the theoretical probability of either heads or tails is 0.5 (or 50 percent).
Higher numbers like +400, +500, +5000, etc. represent how much of an underdog the team is in the game. The higher the number the more likely the team is expected to lose in the eyes of the oddsmakers. The number also indicates how much money would win in comparison to every $100 you wager.
For example, with a 4-point spread, the favorite team must win by more than 4 points for bettors to get paid. Conversely, the underdogs can lose by 1, 2, or 3 points (or win the game outright) and still win the bet. However, if the underdogs lose by more than 4 points, the bet is a loss.
An underdog could be expressed, for example, as +7.5. That means that if the team wins the game, or loses by seven or fewer points, then those who bet on that team won. If they lose by eight or more points then the favorite has covered the spread, and those who bet on the underdog lose their money.
With a spread of 11.5, you can either take the Warriors -11.5 (meaning you think Curry and company will win by more than 11.5 points) or you can go with the Grizzlies +11.5 (meaning you think that even though the underdogs may lose the game outright, they will lose by less than 11.5 points).
When you do find a bonus with a rollover requirement you will often see a 5x rollover or 10x rollover requirement which means that whatever your initial deposit is you will need to wager five or ten times that amount depending on the rollover requirement.
The minus sign means that the final score will have the spread number subtracted from it. The plus sign means that the team's final score will have the spread number added to it.
When horse racing odds are shown in the form of 7-2, 5-1, etc, it expresses the amount of profit to the amount invested. So odds of 7-2 mean that for every $2 invested, the punter gets $7 profit in return. This means when you bet $2, the total return if the bet is successful is $9.
7-1 Betting Odds means that out of 8 possible outcomes, the 7/1 odds are that there will be 7 of one kind of outcome and 1 of another kind of outcome. 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.
The “+” and “-” are put in front of odds or lines, indicating the favorites and underdogs. The favorites will be marked with a minus sign, whereas underdogs get the plus sign. This is the case for all types of bets, including moneylines and point spreads.
What does 5 to 2 odds mean?
The tote board does not show decimals, therefore, 5/2 odds means that the odds on a horse are 5 divided by 2, or 2.5-1. Win payoffs are calculated based on a $2.00 wager because at most tracks this is the minimum bet. Example #1: A horse that wins at 5-1 will return $5.00 for every $1.00 wagered.
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.
For over 1.75 - you win a bet when there are 3 or more goals. You win half of the stake and get a refund of the rest of it if there are 2 goals. No goals or just one goal result in a not won bet.
The Money Line: Odds for a game based on $1.00 A "minus" (-) preceding the number indicates the team is a favorite. A "plus" (+) preceding the number indicates the team is an underdog.
The 3-1 betting odds probability is a 75.00 per cent probability of a particular outcome and 25.00 per cent probability of another outcome. The 3/1 odds implied probability means your selection has a 25.00% chance of winning and a 75.00% chance the selection will lose.
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).
4-11 Betting Odds means that out of 15 potential outcomes, the 4/11 odds are that there will be 4 of one kind of outcome and 11 of another kind of outcome. The 4-11 odds calculation means for every 15 betting events your selection should win 11 times and on 4 occasions the selection will not win.
Are 9/1 Odds Good? 9/1 odds are great because for every £1 winning bet you will return £9 profit. The 9-1 odds reflect the chances of your selection and bookmakers will think it has a good chance at 9/1. At 9-1 horse odds you could look to bet each way and still show a good profit if the selection is only placed.
For example, imagine a tennis player is +200 to win an upcoming match. This would be 3.00 in decimal odds, and 2/1 in fractional odds. The implied probability for these odds is 33.33%.
Multiplying the fractional odds by your wager shows what profit you would collect. For example, 3/1 odds mean you profit three times the amount you wagered. A $1 bet at 3/1 would pay out $4 in total, or a $3 profit and your $1 original wager. Conversely, 1/3 odds mean you profit a third of what you wagered.
How do you read the +150 odds?
If the odds on a tennis player said +150, that means that for a $100 bet, you would win $150. 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.
