What Does Plus & Minus mean in betting? A plus designation indicates an underdog. A minus designation identifies the favorite. The plus indicates the potential payoff of a $100 bet while the minus shows the amount needed to realize a $100 payoff.350 odds means that a winning $350 bet results in a $100 profit (plus the return of the $350 stake).
The plus and minus in betting can mean two different things. They are used in American style odds to denote how much a $100 wager will pay out if it wins (when a plus sign is used), or how much must be staked to win $100 (when a minus sign is used). Plus and minus are also used in point spreads. The plus sign in front of the point spread number means that the team will be given the handicap of those points at the end of the game, while the minus sign means that this number of points would be taken from the team from their final score. In fact, by learning about the win, lose and tie soccer betting options that are explained below, you are guaranteed of being able to start betting on soccer matches as early as today. Explaining Soccer Betting Win, Lose and Tie Basic Rules in Soccer Betting. Wagers on the outcome of soccer games are decided in regulation time only. The Plus Minus work in betting offers a factor for bettors to run the risk of money on both groups. The much better group playing in the game is considered preferred. Minus (-) indicates the favorite and plus (+) the underdog. Sportsbook operators of Plus Minus in money line frequently intend to have equivalent money on both sides of a point.
For those new to the world of online sports betting, it can seem overwhelming. There are many things you need to know and learning these could seem endless. To make this process a little easier, we've put together a sports betting FAQ to answer some of the most commonly asked questions. Keep in mind, not every question will be included in this sports betting FAQ, but it should answer a good portion of your questions.
Is Online Gambling Legal?
There are only a few states where online gambling is legal. Keep in mind, though, a U.S. resident can gamble online is the website isn't based in the United States.
Who Can Gamble Online?
Anyone aged 18+ (for US21+) and older can gamble online. As long as they are either in a state that allows online gambling or on a website from a different country, they'll be fine.
Is it Safe to Gamble Online?
For the most part, yes. There is always a chance of someone stealing information, but most online gambling websites take many measures to decrease the chances of this happening.
What is the “Request a Bet”?
Request a bet makes it possible for people to request odds on any bet. This includes those bets that aren't usually listed in their market. When you request odds, you'll be able to see what the odds of the bet are. This is any bet and includes those that aren't usually in your market.
How do I Request a Bet?
The great thing is that the websites have a button that you push. Once you do that, it will ask you what you want to bet on and how much you want to bet. Once you confirm, your bet will be placed.
What are the Bet Credits?
Bet credits are free money that you use for bets. You have to meet certain terms and they can't be cashed out for money, but they can be used to place bets.
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What is the Bet Builder?
Bet Builder is a tool that will let you build on our bet in markets that match your bet. It will give you a price instantly. You can then place your bet with just a click.
What is Cash-Out Betting?
Cash-out lets you get money back on your bet. The amount will depend on when you took the cash-out and what the odds of the bet winning are. If they are small, the price might be lower than the original bet and an event with high odds could be larger than the original bet.
What is a Goal-Line Bet?
This type of bet lets you put a bet on how many goals will likely be scored during the game. You won't have to bet on who wins or loses and you have a better chance of a positive outcome.
What is Handicap Betting?
Handicap betting is when a certain team in an event has to overcome some kind of handicap to win. These are harder to win, but payouts are usually higher.
What is 3-Way Betting?
A 3-way bet is when there are 3 possible outcomes. These outcomes are win, lose or draw. These are easier to win because there aren't any other outcomes to consider.
What is Each-Way Betting?
Each-way betting is when you bet 2 different ways. For example, in horse betting, you would bet for the horse to win and you would also bet that it would place in any places offered in the game. This bet helps you have all your bases covered.
What is Under-Over Betting?
Under-over betting is when the Booker will predict a certain number for a certain statistic during the game, such as the total number of goals for both teams. The person betting would then bet if the actual number would be under or over the Booker's number. If it's right, they win.
What is the Money Line?
A money line bet is one of the easiest bets you can make. Simply put, the person bets on which team will win. If that team wins, then the person who made the bet wins.
The money line is when you bet on which team wins. It's one of the easiest and most popular bets for many gamblers.
What is In-Play Betting?
In-play betting is betting that takes place after the game starts and up until it's over. This gives people a good idea of how the game is going and what the outcome will probably be.
Live Betting: Live betting is similar to in-play betting but the person betting is watching the game live on something like a phone or tablet.
What is a Straight Bet?
A straight bet is a bet that you do on 1 game. The game needs to be one that carries a spread, a total or a money line. To win, you just have to bet on the team that covers the spread. If both teams do this, then your team will have to be the winner for the over-under bet.
What is the Multi Bet?
A multi bet is a bunch of single bets put together. At each new bet in the series, the odds get higher. Each time a new bet is won, the winning part is put towards the next wager. The more bets, the higher amount you could win. It also means you have to pay-out more.
Accumulator Bet: An accumulator bet is one where at least 4 events into one. You can only win if all events you bet on won. It's a higher risk but has higher rewards.
Parlay Bet: A parlay is where 2-10 bets are put together into one. It gives you the worst odds and the highest return. Keep in mind, even if there's only 1 of your team that loses, you'll lose the entire card.
What is the Vigorish or 'Juice'?
The juice is the amount a bookkeeper takes for taking the bet. This ensures that the bookkeeper will get some type of money regardless of the outcome.
What does plus and minus mean in betting?
Plus and minus are the symbols that indicate odds. If the symbol is a minus, then they are the favorite, while a team that has a plus symbol is not.
Overall, this sports betting FAQ should give you a pretty good understanding of the world of betting on sports online. If you have any other questions that weren't answered here, don't be afraid to do an online search for the answer or contact us.
Reading sports betting odds can seem complicated at first glance.
-110
11/10
1.91
What do they all mean?
All of the above numbers represent different ways to display betting odds, however they all represent the same thing.
All betting odds represent the implied probability to win a bet. The way that number is displayed is where things can differ.
Types of Betting Odds
There are three main ways to display betting odds:
- American
- Decimal
- Fractional
Each of the odds formats represent a chance of winning, just displayed in a different way.
Most sports betting sites will give you the option in how you display your sports odds, so it is important to understand how to read them.
All sports betting types will have odds attached to them: point spread, money line, total, futures, props, and more.
How to read American odds
In the United States, it is standard to use the American odds format (shocking!). Each bet will always have a plus (+) or minus (-) in front of a number greater than 100.
Take for example how the following moneyline bet odds would be displayed for the following sporting event:
Chicago Bears -196
Washington Redskins +170
Since this is a moneyline bet, these odds represent the implied probability each team has to win the game.
American odds can be broken down into two categories: favorites and underdogs.
How do Plus and Minus odds work?
Favorites Odds
When a bet is a favorite, it means the implied probability (win percentage) is greater than 50%. Favorites will always have a minus (-) sign and will always be “negative odds”. Ex: -150.
Favorite odds can be read as “to win $100”.
Meaning if the odds of a bet were -150, you would need to bet $150 to win $100. Note that you do not need bet in $100 increments.
This same ratio would apply to different bet sizes: Bet $15 to win $10, bet $1.50 to win $1, etc.
If you were to read betting odds of -150 out loud, you would say “minus one fifty”.
Underdog Odds
The other side of American odds are underdogs. Underdogs have an implied probability of less than 50%.
Underdog odds are always represented with a plus sign (+) in front of the number and will always be “positive odds”. Ex: +150.
Underdog odds are interpreted different than favorites. Underdog bets are betting $100 “to win” whatever the odds are.
In the +150 example, you would bet $100 to win $150. Again, you can bet any amount you would like. It doesn’t have to be $100. Ex: bet $10 to win $15, bet $1 to win $1.50, etc.
How to read decimal odds
Decimal odds are the easiest odds type to interpret. They are used by most people outside of America, most notably Europe. The Decimal format are also the easiest odds type to convert to an implied win percentage.
Decimal odds tell you what your return will be given your bet amount (or “stake”).
For example, if you bet $10 on the New York Knicks to win at odds of 2.25, your return (or “total payout”) would be $22.50 if they won.
Return does not take into account your original bet amount. Therefore your profit, or “to win” amount, would be $12.50 ($22.50 return – $10 wager).
Note that the return aspect is the key difference between Decimal and American odds. The Decimal format will tell you your return, while the American format will tell you your “to win” amount.
How to read fractional odds
Fractional odds are simply decimal odds represented as a fraction. For example, 3/1 odds are the decimal equivalent of 4.
The biggest difference between fractional and decimal is that fractional tells you the potential profit while decimal tells you the return.
Going back to the previous example, a $10 bet at 3/1 odds would represent $30 in 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.
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.
Plus And Minus Games
For example, fractional odds of 23/20 would represent a bettor needing to risk $20 in order to profit $23.
Fractional odds are most common in horse racing and futures markets.
Plus And Minus Betting Odds Calculator
Related: Find more sports betting guides here
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