You have just landed one of the biggest winning streaks in the history of online sportsbooks. After scoring big at several different sportsbooks, you finally settled on one that you thought was offering the best values. While you’re excited about the opportunity to make some money, you’re slightly confused by the all-time-high betting odds that have now appeared in front of you.
What does -140 and +110 betting odds mean?
An Explanation Of The Popular Betting Odds
If you’ve been playing at sportsbooks for any length of time, you will know that these are two of the most popular betting odds. For decades, international sports books have used the +110 and -140 odds, as everyone knows how to calculate them. The +110 odds are commonly found at betting websites, offering odds between 1.10 and 1.20, while -140 are more common at traditional sports books, with odds between 1.30 and 1.40.
Because they are so widely used, gamblers often try to decipher their meaning. Here’s what you need to know:
What Are The +110 And -140 Odds?
As we’ve established, the +110 and -140 odds are extremely popular with sports bettors. Let’s take a quick look at how they work. If you were to place a $100 bet on the Seattle Seahawks to win the game against the Los Angeles Rams this Sunday, the Rams would be the favorites, offering odds of 4.90 at Bovada. If you went with the +110 odds, you would win $110. If the game ended up covering the point spread (currently -3.5), you would win $105.
On the other side of the scale, if you thought the Rams would cover the spread, you would lose $105 on a $100 bet. That’s a net gain or loss of $5 per team.
As you can see, both odds allow for some decent profit, especially if you are a sharper gambler. Don’t expect to make a steady income from these bets, but they are good for some entertainment value.
Why Are The Seattle Seahawks And Los Angeles Rams The Favored Teams?
It’s no secret that the Seattle Seahawks are one of the most popular teams in all of sports. They are currently in the middle of one of the greatest runs in NFL history, having won 22 of their last 24 games and covering the point spread (on the season) 75% of the time. This makes them a near-certainty for many bettors, considering the -140 betting odds.
As for the Los Angeles Rams, they are in the middle of something similar, having won 18 of their last 24 games and covered the spread 77% of the time. The Rams are also one of the most popular teams in all of sports, and the popularity is clearly reflected in the betting odds, with the Seahawks being -140 favorites and the Rams being +110 favorites.
Why Are The New England Patriots And Los Angeles Chargers The Unfavored Teams?
The New England Patriots are arguably the greatest, most popular, and most successful sports team in history. They are currently in the middle of an unparalleled 18-game winning streak, having just completed their most recent game against the Miami Dolphins, winners of 11 out of their last 14 games. In that game, the Patriots won 26-13, covering the point spread (on the season) 69% of the time. This makes them an appealing choice for gamblers looking for a team with a good shot at winning, especially since the Patriots are one of the few teams to ever beat the favored Rams. The odds are clearly in your favor, as New England is a -175 home-field advantage favorite against the Los Angeles Chargers.
The Los Angeles Chargers are also in the middle of an 18-game winning streak, taking their winning streak to 19 games after they defeated the New England Patriots in Week 17. The Chargers covered the point spread (on the season) 68% of the time in that game, making them a good choice for gamblers looking for a team with a good shot at covering the spread. The downside is that the Chargers haven’t won a lot of games lately, having covered the point spread just 37% of the time in their last 14 games.
In sum, both the Seattle Seahawks and Los Angeles Rams are clearly the superior teams, and their fans are probably going to be happy to hear about that. These two teams are going to make for some exciting football this coming weekend, especially since the game is going to be played in Seattle.