What do + and - mean in sports betting?
What does + and = mean in sports betting
The point spread and betting odds can be referred to by the plus (+/-) and minus (+) symbols in sports betting. When talking about the spread, the "-" always refers the favorite while the "+" always refers the underdog. The Dallas Cowboys can bet as a -7 point favorite against the Green Bay Packers, or as a +7 points underdog against the Packers. If the Cowboys win more than seven points, your bet is a win. If you place a bet on Packers +7, your bet is valid as long they lose by less seven points or win.
Similar rules apply to the betting odds. Favorites don't always have "- " in favors, especially in sports like soccer, baseball, and hockey where results are often determined by one run or one point. Because matches in soccer can end in draws, but a winner in other sports is determined by overtime rules, this is particularly true. The favorite will usually have a "-" in front its moneyline odds. However, the underdog will always have "+".
You can place moneyline betting odds on either the Eagles or Giants, as they are both -150 favorites to win and the Giants are a +180 favorite to win. A $100 bet on the Eagles to win would result in a $166.70 payout. Because they are underdogs, you would get $280 if you placed $100 on the Giants to win at +180.
Arsenal could be a +150 underdog against Everton in soccer. The draw would be +220. This would mean that the payout would be good for any situation, as the teams are even and there could be three outcomes. The favorite is the team with a lower number. This happens when both teams have an "+" before their odds. If the lower number is used, it will mean a lower payout. This applies to betting on the moneyline favorite. A $100 bet against Arsenal +150 would net $250 and a $100 on Everton+190 would net $290. Further, a $100 bet on a draw at +220 would pay $320. How Much Do You Bet on Sports Betting?
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