betting minus and plus what does it mean
What Do Plus and Minus Signs Mean in Betting Odds?
When odds have a plus (+) sign in front of them, that signifies the underdog. Whereas negative (-) odds tell you what you have to bet on the favorite to win $100٫ positive (+) odds tell you how much you’ll win for every $100 you wager on the underdog.
How to Calculate Winnings from Betting Odds?
Calculating potential winnings from betting odds can seem confusing at first, but it’s actually quite straightforward once you understand the different formats⁚ American, Decimal, and Fractional. Here’s a breakdown of each format and how to calculate your potential winnings⁚
1. American Odds
American odds are expressed with a plus (+) or minus (-) sign followed by a number;
- Negative (-) Odds⁚ These represent the favorite. The number indicates how much you need to bet to win $100. For example٫ odds of -200 mean you need to bet $200 to win $100.
- To calculate winnings⁚ (Bet Amount / Odds) x 100 = Winnings. For example, if you bet $50 on -200 odds⁚ ($50 / 200) x 100 = $25 in winnings. Your total payout would be $75 ($50 stake + $25 winnings).
- Positive (+) Odds⁚ These represent the underdog. The number indicates how much you’d win if you bet $100. For example, odds of +200 mean you would win $200 if you bet $100.
- To calculate winnings⁚ (Odds / 100) x Bet Amount = Winnings. For example٫ if you bet $50 on +200 odds⁚ (200 / 100) x $50 = $100 in winnings. Your total payout would be $150 ($50 stake + $100 winnings).
2. Decimal Odds
Decimal odds are simpler to calculate. The number represents the total payout you’d receive for every $1 wagered٫ including your initial stake.
- To calculate winnings⁚ Odds x Bet Amount = Total Payout. For example, if you bet $50 at odds of 3.00⁚ 3.00 x $50 = $150 total payout. To determine your profit, subtract your initial stake⁚ $150 ‒ $50 = $100 in winnings.
3. Fractional Odds
Fractional odds are represented as a fraction, like 5/1 or 3/2.
- To calculate winnings⁚ (Denominator / Numerator) x Bet Amount + Bet Amount = Total Payout. For example, if you bet $50 on odds of 5/1: (1 / 5) x $50 + $50 = $60 total payout. Your profit would be $10 ($60 ⎻ $50).
Important Notes⁚
- These calculations determine your potential winnings, not guaranteed profits. Betting outcomes are inherently uncertain.
- Always double-check the odds format used by your specific sportsbook.
- Remember that betting involves risk. Only wager what you can afford to lose responsibly.