What Does “plus” And “minus” Mean In Sports Betting?
In case of winning, you get only a profit of €7.5 (€17.5 minus a free bet amount). Payouts are calculated by multiplying your bet with the decimal odds. If odds are 3.30, a winning $10 bet would return $33, including the original bet. It’s typically always a good bet to make when a team that is heavily favored at other sportsbooks is listed as with plus (+) odds at another sportsbook.
The organization booking your bet usually hopes to get ‘balanced action’ meaning an equal amount of money bet on either side, in which case they simply make the commission. For example, the San Francisco 49ers were a 4.5 point favorite in Super Bowl 47 against the Baltimore Ravens. If one guy bet $550 on the 49ers – 4.5 to win $500 and 5 guys risked $110 each to win $100 on the Ravens +4.5, the sportsbook’s action would be balanced as they have $500 of action each way.
Meaning if the odds of a bet were -150, you would need to bet $150 to win $100. Each of the odds formats represent a chance of winning, just displayed in a different way. Bet on whether the total points scored by both teams combined will be more or less than this figure. This is useful because it gives you a breakeven % that you need to achieve long-term to win when betting certain odds. Teasers are a popular variation of standard point-spread betting, as they give the customer an advantage by increasing the point value for their selected team.
They tell you how confident the sportsbook is about who will win and how much money you will win if you place the correct wager. Fractional odds can be read as the first number being the potential profit while the second number is the amount you will need to risk for that profit. A $10 bet at the equivalent odds of 4 in decimal format would return $40. Subtracting your $10 bet from the return would give you your profit of $30.
The casinos sometimes roll it the other way and move lines to -120 or -130 so pay close attention. Moneyline bets are the ones that can sometimes see huge paydays for underdogs or safe returns for massive favorites. Our goal is to make odds crystal clear so you feel comfortable knowing your first bets will be well-informed and well-placed. Reading odds lines and understanding the concept of -110 is nowhere near as complicated as it seems.
The Birds would need to win by at least 6 to cover a 5-point spread. Remember, if the Eagles win in this instance, it’s a “push” and the bettor gets back the original wager. The bigger the number that follows the + sign, the lower the chance the team has of winning in the oddsmakers estimation.