When you place a bet on a sporting event, you’re obviously not just betting on the game itself; you’re also betting on the result of the game. But what does +130 mean when betting? What are the odds of a certain outcome when betting on that event? Is it even possible to make sense of all the different ways people run their betting pools? Let’s dive into the nitty-gritty to find out what exactly betting +130 means.
The Basics Of Odds And Points
Odds and points are pretty self-explanatory. When you place a bet on a game, the bookmaker will give you odds — essentially, the chances that you’ll win the bet. Points are identical to odds, but they can also be used in place of odds if you’re interested in placing a bet on a multi-race event in which you’re not willing to wager the whole amount on just one horse. In those instances, you’ll need to sum up the horses’ points to generate the right amount for your bet.
+130 means that the odds of winning are now in your favor and, as the number suggests, it’s an exponential increase in your favor. So if you’re currently betting on the favorite, the odds will now be in your favor by a factor of roughly 1.3. That’s a massive increase! Exponentially rising odds mean that you’ll have a much better chance of winning than you would if the odds were flat-lining.
More Ways To Calculate Your Winnings
Let’s say you’re a soccer fan and you wanted to bet on the outcome of the World Cup. You’d place your bet on one of the numerous teams to win the tournament, like Spain or Germany. If you’re going to bet on a single team, you could use the straight odds or the cumulative odds to figure out how much you need to bet to have a positive expectation of winning. Straight odds give you the exact same odds of winning as if you’d placed the bet on a single race, while cumulative odds give you the chance of winning multiplied by the amount of money you stake, as long as all of your bets are settled before the end of the tournament. For example, if you stake $10 and the team you’re backing wins by a single goal, your winnings would be $10 ($10 x 1.33 = $13.30) plus any money you’d win if Spain wins the cup (which, by the way, it did).
The Impact Of Rising Odds
Odds are extremely important when betting, but they aren’t the only thing that matters. While rising odds mean that you have a better chance of winning, it doesn’t necessarily follow that you’ll win every bet you place. For example, if you place a $100 bet on Germany to win the 2018 World Cup and they lose by one goal, then you’d lose your money, even though the odds of Germany losing were very high. What you need to remember is that even though the odds may have increased, they still give you a losing chance.
On the other hand, if you’d bet on Germany to win and they win by a huge margin, your winnings would still be based on the original odds, not the increased odds. So, while you might have lost money overall because the odds increased, at least you had the opportunity to win a significant amount of money. Imagine if Spain had won by a similar margin — your winnings would have been massive!
If you want to get a sense of how rising odds impact your overall winnings, you can use this handy dandy calculator from Best-Betting.com. Just enter the amount you’d like to bet ($), the name of the event/game (Soccer Germany 2018), and the odds of Germany winning the tournament (assigned by a bookmaker, not shown openly on their site) and it’ll spit out how much you stand to gain (or lose) based on the outcome of the contest.
Placing +130 On A Bettor
If you want to place a large amount of money on a bet, you’ll need to use a bookmaker that offers odds that rise at least somewhat favorably in your direction. For example, if you want to bet $100 on Germany to win the World Cup, you’ll need to go to a site that offers German odds of +130 or greater. This way, you’ll have a decent chance of winning some money, despite the fact that Germany is by no means a sure thing to win the world cup. Rising odds make it easier for you to place large wagers on sporting events and allow you to gain more profit if your team wins!
What About The Laypeople?
Most people prefer to place bets with money they can actually afford to lose. Unfortunately, this also makes them more susceptible to shady behavior from bookmakers. If you ever feel like you’re being taken advantage of, then it might be time to find a new bookmaker. Some are much better than others at ensuring your funds are safe and that they’re not going to scam you. Ensure that you’re not being fooled by doing some research into the bookmaker before ever placing a bet.
If you’re looking for a solid place to bet, then consider using an online bookmaker that is regulated and licensed in the United States and is also a member of the National Bookmakers Association. This way, you can rest assured that your money is safe and that the bookmaker isn’t going to steal it. Plus, these bookmakers will also have additional safeguards in place to protect against fraud.
More On The Differences Between Odds And Points
Odds and points are essentially the same. They both indicate the chances of winning or losing a bet. The main difference between them is in how they’re used. Odds are what you’re generally given when you make a bet; points are what you use when you’re placing bets on a cumulative basis. Even in the case of multi-race events, odds are still used to determine your winnings while points are used to determine your profit or loss on that particular bet.
For example, if you bet $10 on a tennis match and it ends up being a draw, your winnings would be $10, just like when you bet on a single race. But if you wanted to bet on the World Cup and Spain beats Germany by a single goal, your profit would be $13.30, as Germany’s odds had increased because they were so low initially. At the end of the day, odds and points are both used to calculate your winnings or losses when placing a bet, but you should use them for different purposes.
How Does This Impact My Choosing A Football Club?
When you’re deciding which football team you should support, you have to consider several factors. One of the things you need to do is determine how important winning matches is to you. If you place a massive amount of importance on winning, then you’ll probably want to pick a team that you’re more likely to see win games. If not, then you can look at things like the size of the fan base and the amount of money the team brings in, as these are usually the two metrics that matter most to a business, not to mention the quality of the players as well.
For example, if you value winning above all else, then you might want to back Paris Saint-Germain simply because they have so much potential and you’re almost certain of seeing them win games. Alternatively, you could pick a more established team with a solid record like Barcelona or Real Madrid, as you’re less likely to see them drop points against lesser teams.
You may also want to consider how reputable the team is and if they’re likely to cheat you. This is even more important if you’re planning on placing a large sum of money on a single game or tournament — trust me, you don’t want to bet on a team you think might be rigged. Fortunately, there are several tools available to give you an idea of how trustworthy a team is. Sites like OddsChecker verify the authenticity of sporting events and competitions, as well as the integrity of the teams competing in them. So, you can rest assured that the information they provide is reliable, at least to some degree.
Last but not least, you need to decide how much you want to spend. If you’re looking for value for your money, then you might want to consider backing a team that isn’t as popular but is guaranteed to provide more bang for your buck. For example, if you want to back Barcelona to beat Real Madrid in this year’s Superbowl, you could do so for a little over $100, as opposed to the $130 for the ‘Madrid – Barcelona’ game.
Hopefully, this article has helped you understand what exactly betting +130 means. It might not be the easiest number to remember, but at least now you know what it is.