What Does “plus” And “minus” Mean In Sports Betting?
The odds for favorites are accompanied by a minus (-) sign, indicating the amount you need to stake to win $100. You can figure out how to read odds with point spreads by taking a look at the number shown next to the odds. For instance, if you see Dallas Cowboys +7, you are betting on whether or not the Cowboys will win their game by more than 7 points.
That is, one wins only $10 against every $11 wagered on Golden State to be the champions. Meanwhile, one wins $9 against each $4 (i.e., 3.25 times) put at stake for Houston to win, which is a bit less probable. American odds, depending on the negative or positive sign, either indicate the amount one needs to wager to win $100 or the amount one would win for every $100 staked.
Considering these points will help you make successful moneyline bets. To find an undervalued favorite, you also need to look at less higher-profile games. High profile games in the NFL attract a lot of betting interest and often the odds and subsequent payouts reflect that. Say the Detroit Lions are scheduled to play the Indianapolis Colts. Neither of these teams is high profile enough to avoid moneyline betting. Doing your research and checking the moneyline market will help you assess the best option for an undervalued favorite.
+350 would mean for every 100 you risk you will gain 350 if the bet wins. In this example, the 49ers carried the plus sign and were, therefore, the underdog. The Chiefs took the minus sign and were, hence, the favorite. Since both numbers behind the plus and minus signs were close to 100, you could tell that both teams were a close match for each other. With odds like this, you could have expected a game full of fireworks.
For example, in a football game, the oddsmakers may set the odds for which team will get more running yards. While moneylines, point spreads, and totals generally focus on the short term and specific matches, futures are long-term betting odds. They focus on events that will happen further down the line—in the future.
Obviously there has to be a catch, though, or the bet would be way too simple. The sportsbooks balance their risk by setting different prices on each team. You win a smaller amount than you bet if you pick the favorite, and you generally win more than you bet if you pick the underdog. The stronger the favorite the less you will win, and vice versa. When a money line is a positive number then the odds are the amount you would win if you were to bet $100 and were correct. For example, a money line of +200 would mean that you would make a profit of $200 if you bet $100 and were correct.
That’s an ideal that rarely happens – especially in sports without a pointspread, like NASCAR and golf. If Team A is getting too much action, I’ll move the line toward Team B to try to achieve that balance. My personal preference is to tweak the vig from –110 to –105 or +100 before taking the bigger step of moving the spread a half-point or more. You see “4” most commonly because the extra $10 you have to bet to win $100 is called the “juice” that the books keep as a fee for making the line available to you. Straight bet – Amid all the fancy and lucrative-looking bets that are available, never lose sight of the value in a standard straight bet. This is often estimated by the ratio of the number of times that the event of interest occurs to the number of times that it does not.