What Does “plus” And “minus” Mean In Sports Betting?
Decimal odds are most popular in Europe, Australia and Canada and many think they’re the easiest format to understand. Almost all online sportsbooks will offer the option of displaying odds in the decimal format, which is sometimes known as European odds in the UK. The Miami Dolphins are favorites to win this Sundays game at -110 odds. You place a successful $110 bet on them, which means you receive $100 winnings and your original bet of $110 back as well!
In this instance, you would receive a $150 payout plus your original investment back ($250 total). It’s worth noting that you absolutely do not have to bet $100. It’s the baseline way to present these odds, although the same math applies to a bet of any size.
Similar to player props, team props are team-specific bets not pertaining to the over/under or spread. Examples are the winner of the tip-off and who leads the game after a specified amount of time. Team props usually will have odds similar to those from the spread or over/under. Player props are bets in which you bet on specific players instead of teams. Player props can come in all different forms such as how many points a player scores, the first scorer, and whether that player records a certain stat.
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. In this case, you’re betting on things like who will win a division or who will win a championship well in advance. Sometimes, the combined scores will land right on the total. In our example, if the score ended up being something like 34-32, then the combined score would be 66, exactly the predicted total.
It is not uncommon to encounter different odds for one and the same event with various sportsbooks. For instance, some of top online bookmakers may display odds of 2.30 for a team to win a game; and others may offer odds of 2.20 for the same team to win. Now, this is another important aspect of understanding betting odds.
This increases the potential payout for each wager, but also comes with an added risk. If even one of your bets is incorrect, you lose the entire parlay wager. The potential winnings are greater when betting on Alvarez, the “underdog” in this fight. Betting on underdogs in any sport typically allows you to risk less in order to win more. Remember, however, that there’s a reason they are the underdog, whether it’s a rookie season, there’s been a recent injury, or they face serious competition.