What Does -162 Mean in Betting?

In betting, the odds are what you need to know. Whether you’re watching sporting events, playing cards, or engaging in any other type of wagers, the chances of one team winning are usually provided. Sometimes, the odds can get really interesting, with some sporting events having massive differences in odds depending on the time of day or location of the betting shop. Let’s take a closer look at what the number -162 means in relation to betting and how to use it effectively.

More Than Meets The Eye

When you see this symbol followed by a number, it usually means that the bet you’re making has a very high probability of winning. You’re essentially placing a “very large” wager or “super bet” on the outcome of the game. The higher the number following the -162 symbol, the bigger the wager.

In Australia, where I come from, you’ll often see -162 followed by a number in the range of 300 to 600. These are very high odds indeed, and they mean that you’ll need to put down a lot of money (or alternatively win a lot of money) for the chance to come back even or ahead. If you’re new to betting, you should read my guide to betting in Australia, where I explain all the different types of bets and how to place them effectively. It’ll help you understand what these high odds mean and how to use them to your advantage.

The Meaning of The Number

When you see these odds, they usually mean that there’s some sort of advantage for the other team. For example, if you see -210, this usually indicates that the other team has been given 10 points (or whatever the betting unit is) for every 100 points that they’ve given up. In this case, if you’re making the bet, you’re effectively betting that the other team will lose by 10 or more points. It’s not always that straightforward, but these are generally the sort of odds that you’ll see a lot in relation to football or basketball matches. For more accurate betting advice, you should check the actual points scored in the game versus the points given away and see what the over/under is. For example, if you see that a team scored 111 points and gave away 106, this would yield a plus-5 result (you make a 5-point bet on that game, and you win 5 points back if your team loses by 5 or more points).

How To Use This Information

If you’re reading this, chances are you’re already familiar with odds. When someone mentions the word “odds,” your brain probably goes right to thoughts of betting and whether or not you’ll come back ahead or behind on a certain wager. While this is understandable, it’s not usually what they mean when they use the term. Let’s take a look at how to effectively use the information that follows the -162 symbol.

The first thing you should do is try to find a betting shop that is open 24 hours a day. Ideally, you want to place your bets as early as possible, as soon as the games arrive in the evening. In some instances, this can mean the difference between effective and ineffective use of the -162 symbol. For example, if you want to bet on the first game of the day but the betting shop is only open for business until 11 p.m., it may not be worth the effort. Another thing you can do is take a look at the weather in your area in case the game gets postponed or canceled. Sometimes, due to bad weather conditions or safety concerns, sports organizers may decide to call off the event. In these cases, you’ll be very happy that you made the wager in the first place and won’t want to lose out because the game wasn’t played. It’s usually best to wait until the weather is good and the games can go ahead as planned. In some instances, missing a game because of poor weather can even be beneficial to your financial situation. You’ll need to do some research to find out when these instances occur so that you can make the most of them. Otherwise, you might put in all the work planning for a game and then be unable to cash out because of inclement weather. Depending on your area, you may also need to check the temperatures often, as certain types of weather can make it dangerous for attendees to play sports. The last thing you want is to get caught in the hot sun while someone else is holding your wallet full of cash. All these things taken into consideration, it’s best to plan your betting around the games that you can actually attend. If you’re not sure if the team you’re backing will win or lose, it can be difficult to determine how much you should wager. If you’re finding it difficult to place effective bets because of the information that follows the -162 symbol, your best option might be to avoid betting altogether.

Where Can I Find More Information?

If you want to stay on top of the latest news in regards to betting, check out this group of websites that I’m a part of. They’re all informative and keep up with the latest news in the world of sports and betting. If you want to place a wager on the next game that you see, simply enter the name of the team or league that you’re interested in followed by the word “wager” and hit the “submit” button. Some of these websites also provide information on where you can find the best place to wager in your area. It’s important to look for information about your country, state, or province when doing your research, as there are usually restrictions on where you can place bets depending on where you live. In some countries, lotteries aren’t legal and online betting is heavily regulated. However, as long as you’re not breaking any local laws, you should have no problems.