What Does “plus” And “minus” Mean In Sports Betting?
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. Obviously, then, the team is a bigger underdog the bigger the number is – a +260 team is perceived to be less likely to win than a +160 team. Money line odds – These are by far the most common form of odds in North America for sports betting. They are expressed as numbers greater than 100, and they can be either a positive or negative number. In this example, the Los Angeles Lakers are the favorite, while the Warriors are the underdog.
Going further, a $100 bet on the draw at +220 would payout $320. However, in most cases, the favorite will have a ” – ” in front of its moneyline odds while the underdog will always have a “+ .” Teaser bets are usually available for basketball and football events. A teaser allows bettors to combine their bets on two different games and adjust the point spreads for the two games. However, the better will see a lower return in the event that their teams win.
Since a sportsbooks goal is to make money on every bet, they’re trying to create bets that will split the bettors down the middle. If they come up with odds that cause a higher % of bettors to bet on one team, the book opens themselves up to potential losses. Except in situations where opponents are considered an even matchup, the favorite will have a negative (-) money line and the underdog will have a positive (+) money line. This is explained in more detail below, but the most important thing to be aware of is that negative numbers represent favorites, while positive numbers represent underdogs. The same is true whether you are looking at a spread or a moneyline, but how these numbers are used is very different.
In this case, you’re betting on things like who will win a division or who will win a championship well in advance. To bet the Miami Dolphins to win on the money line, you would spend $100 on the bet for a chance to win $220 if the Dolphins, as the underdog, beat the Patriots. Your return would be $320 – the original $100 stake and the $220 profit.
Assuming equal bets on both sides, the house has a built-in 10 percent cut of the action, regardless of the outcome of a particular sporting event. Now that you’re an expert in reading sports odds, get out there and start winning some money! Sharp bettors are informed bettors, and not all sports are created equal. Consider checking out our comprehensive guide covering how to bet on sports before you lay down your first wager.
In this example, if you bet on Team World and you win, your winnings would be more than you wagered. The numbers let bettors know the payouts associated with betting each side of the game. The positive number is the payout amount that a winning bet will receive on a $100 wager. The negative number is the amount that a bettor must wager in order to win $100. As you can see, understanding the -110 in sports betting is pretty basic once you realize what it represents. You can also apply this knowledge to other odds as well, such as the money line.
Analyzing Thursday’s Boston Red Sox at Tampa Bay Rays odds and lines, with MLB picks and predictions. A negative money line is also considered as the favorite – or chalk pick – by the oddsmakers. Fractional odds of 1/2 and decimal odds of 1.5 are also equivalent in this scenario. Ideally, the lines I release will balance the action equally, so that the winners get paid out from the pockets of the losers and we take the vigorish.