This is called betting on the “Money Line” 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.
What does +200 mean in sports?
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).
What does a +7 spread mean?
What does +7 spread mean? If the spread is seven points for a game, it means the underdog is getting seven points, noted as +7 on the odds. A team posted at -7 is the favorite and is laying seven points.
What does +4.5 in betting mean?
A bet on Over 4.5 Goals is a bet that 5 or more goals will be scored during the match. In other words, if a scoreline has five or more goals in it, Over 4.5 goals will win. A winning score could be 3-2, 2-3, 3-3, 5-0, 0-5, 4-1, 1-4, 2-5, etc.
What does a negative spread mean?
Negative spread is a condition when the selling price or the current price is cheaper than the purchase price from the price fluctuation of target investment. Furthermore, in some cases, negative spread also refers to the condition where the price had become quite different from that naturally original expected price.
What does +1000 mean in sports betting?
The bigger the number after the plus sign, the bigger of an underdog that the team or person is to win. So, if a team is +1000 to win, this would mean that you would win $1000 in profit with a bet of $100 – if they won, of course.
What does a +200 money line mean?
A +200 money line would mean that if you placed a $100 bet, you would win $200. It also tells you that the team is not expected to win, as it is the underdog in the game.
How much do you win with +200 odds?
Implied probability explained For example, a bet placed at +200 in American odds (2/1 in fractional or 3.00 in decimal) has a 33.33 percent implied winning probability.
What does a +3 spread mean?
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.
What does +1.5 mean?
When you see a +1.5 in front of a team’s name, that means that they are 1.5-point underdogs in that matchup. Here is what this might look like from a New York sportsbook: Chicago Bulls -1.5.