If you’re looking for an easy way to make some extra money from home, you’ve probably considered looking into online betting. What does -105 mean in betting? According to OddsShark, it’s the handiest guideline for determining fair probabilities in various betting situations.
You’ll often hear bookies state that the favorite is -105 to win, and you’ve got a reasonable chance of making a profit. If the favorite is actually listed at -105, then you’re almost certainly going to lose your bet. But if the favorite is only listed at -106, then you might just squeeze out a win, or more likely, a loss.
The Basics Of Odds And Exponents
When you gamble, there are a series of numbers that you have to deal with. One of the most important concepts to grasp when gambling is that of odds. Sometimes, a single number will serve as the odds for an event. For example, the odds of getting three of a kind in a poker hand are 1:27. In other cases, several numbers will be combined to form odds. You might find the odds of getting two of a kind and three of a kind in a poker hand are 2:163. These are just examples, but you get the gist of it.
It’s also important to understand that the odds are always written in a particular way. Most bookies will list the favorite’s odds first, and the host’s odds second. So if you’ve ever watched the Grammy Awards on television, you might have noticed that the odds of a particular performance winning are always written in this order: Grammy winner, songwriter, record producer, and album.
Now that you know the odds, let’s take a quick look at some math behind what -105 means in betting. When you get odds where the favorite is listed at -105, then the winnings from that bet will be equal to the amount you bet, plus some.
For example, if you wager $100 and the favorite is listed at -105, your winnings will be $105, plus whatever winnings you make on other bets with the same bookie. In this case, you’ll have an extra $5 to split with your wife for lunch. Or, if you’re lucky, maybe you’ll even have enough to pay for your daughter’s birthday present.
105 Favorite, 60 Host
When the favorite is listed at 105, as in the example above, that indicates that it’s extremely unlikely that you’ll win the bet. In reality, the odds should be less than 100 because there’s usually a minimum wage for bookies, so they have to pay out at least that much. In general, whenever the favorite is listed at 105, you should consider yourself a very lucky or skilled gambler. Don’t expect to beat the odds by much, if at all.
How To Calculate Your Bets And Winnings
Whenever you make a wager, you’ll need to make some calculations to ensure that you don’t lose money. Most bookies have a calculator on their site that will help you figure out the appropriate amount to bet given the amount of money you have available. Or, if you don’t have access to a computer, you can always call the bookie and get the information over the phone. You won’t have to hassle with figuring out the math, because the bookie will have already done all the calculations for you.
Knowing how to make the right calculations for your specific situation is crucial to ensuring that you make a profit, and it’s also important to understand that sometimes, your brain might hurt at the end. When you’re done, you’ll probably wonder if betting is actually worth it, especially if you’re always losing money. But then again, maybe that’s just the way life is, and it’s better to accept that and just keep rolling.
Hopefully, this article has helped you understand what -105 means in betting. If you have any other questions, feel free to leave us a comment below! And as always, if you found this article valuable, feel free to share it with your friends, family, and social media followers.