How Plus and Minus Work in Betting

The odds can be important to consider when placing a wager, especially when playing gambling games. When placing a wager on sporting events, for example, you may hear people speak of the odds being in the favor of their side or the contrary to their side. If you’re wondering how these odds work, check out this article about the plus and minus signs in betting. 

The Role Of The Odds In Betting

When placing a wager, you are essentially committing to the proposition that your team will win the game, contest, or event you are betting on. If you’re wondering how the odds work in relation to your wager, it’s important to understand how they affect your decision-making process as a gambler. 

Consider an example where you are betting on the Superbowl this coming Sunday. You have two weeks to make your wagers, but you’re not sure which team to root for. You have a one-in-four chance of picking the winner of the Superbowl (+125) and a one-in-six chance of picking the loser (–167). If you’re not sure which team to pick, it’s best to choose the team with the better odds, in this case the New England Patriots. Although you have an equal chance of winning with either team, the Patriots have a better chance of winning because they are slightly more likely to win the game than the Carolina Panthers. 

This is precisely why the odds of winning or losing affect your decision-making process as a gambler. When you consider that the Patriots have a one-in-four chance of winning, you have to weigh the potential rewards versus the potential risks of betting on them. It’s a fair bet that the Patriots will score at least three touchdowns against the Carolina Panthers, but you have to consider the possibility of experiencing some sort of payout when the underdog wins. 

It’s important to keep in mind that these are just odds and that you can always wager on the over/under (points scored or allowed) or the straight up winners of the game. If you have no idea how the odds work in relation to your team, it’s best to stay away from wagering or betting on sports events altogether. 

The Role Of The Point Spread In Betting

Another important concept to understand when considering odds is the point spread. The point spread is the amount of points that the favorite will be awarded for every down that they win compared to the amount of points that the underdog will be awarded for every down that they win. If you don’t know what a point spread is, it’s time to learn. For example, if you’re betting on a football game and the point spread is 3, it means that for every down that the New England Patriots score, they’ll be awarded three points and the Carolina Panthers will be awarded zero points. 

Betting on football games with a 3-point spread is popular because, as we discussed above, it gives you some confidence that you’ll win. However, it also means that you’re wagering on a game that may not have an equal amount of excitement and unpredictability. If you’ve always bet on favorites, this probably isn’t the game for you. Fortunately, there is another option: bet on the under/over (O/U) winners of the game. 

Consider the Seahawks vs Lions game this weekend. The point spread is minus 3 in favor of the Seahawks and 3 against the Lions. This means that for every down that the Seahawks score, they’ll be awarded three points and the Lions will be awarded zero points. While this may not seem like a popular option, because of the point spread, it’s fairly easy to comprehend how betting on the under/over winners of a game can be more settled than betting on the favorite or underdog in a game with a spread of two or more points. 

Keeping Track Of Points

When placing a wager on a game, you’ll need to keep track of the points scored by your team during play. For instance, if you’re playing with the New York Giants and they score a touchdown on their first play of the second quarter, you’ll want to enter 1 into the column for your Giants and 0 into the column for the rest of the teams in the game. When the second quarter ends, the total points for your Giants will be 2 (1 plus 1).

While this might seem like a straightforward process, it gets a little more complicated when you consider all the variables related to a game. In the example above, if the Giants had intercepted a pass and turned it into a touchdown before the end of the second quarter, the total points for your team would become 3 (2 plus 1). To ensure that you keep track of all the scores accurately, you may want to use a point-tracker, which are generally available online. These tools calculate all the scores for you based on the variables you specify, and they automatically update your scores as the game progresses.

The Role Of The Total In Betting

Another factor that affects the odds of winning a game is the total computed by adding up the point scores of all the teams playing in the game. The total can be a decisive factor in the odds of winning a game, especially in pick the parental advice kind of games where you have to choose between two favored teams. For example, if you’re playing a pick the parental advice game and the score is 42–40, the total is 46. Because 46 is greater than 40, the total gives us some indication of which team is most likely to win.

It’s important to note that the point score is the amount of points that the team is awarded for each down that they score (they get three points if they score a touchdown and two points for every point scored by their opponent). This point-scoring system was originally created for American football in the 1920s, but the idea of adding bonus points for special effects and field goals has made its way into other sports as well. (American football is a little bit more complex, as it also uses a pro-pointing system, which means that if your team scores a field goal in the second half, they’ll be proceeded automatically to the next round of play without you having to wager again.) Once you become familiar with how these numbers work, it’s easy enough to add up the score of any given game and arrive at an estimation of how likely it is that your team is going to win.