The meaning of ‘+650′ in sports betting is, in other words, ‘to bet on’. It is most often used when placing a bet with a bookmaker and is short for the phrase ‘to bet plus the odds’. You may also come across this number if you are performing mathematical calculations in your head while rooting for your favourite sports team. In short, when used in betting, +650 means that you are placing a wager or prediction on the outcome of an event. While most people will assume that this number is an easy way to calculate the appropriate odds for a particular wager, it can be a bit more complicated than that. Let’s take a quick look at how this number is formed and what it means for you as a bettor:
How Is ‘+650’ Calculated?
When a bookmaker gives you odds they are referring to the amount of the wager or the amount of credit you are putting on the game. In many instances, the odds will be pre-established and they will not vary by much from one betting session to the next. In these cases, the odds are often just a function of the amount of wagering or betting in general. When odds do change, this indicates that there is some sort of variance in the betting activity and these changes will be reflected in the odds. For example, if there was a major sporting event that day and a lot of people were betting on it, the odds of winning would likely change and there would be various interpretations of what this change meant.
What Are The Odds Of Winning?
The meaning of ‘+650′ in sports betting is, in other words, ‘to put money on the table’ or ‘to wager’. In general, the odds of winning are always expressed as fractions (for example, 2/1 or 3/1) or a decimal (for example, 0.5). When used in this way, the odds always represent how much profit (or loss) you would make if you were to win the wager. The more you win, the more you will be paid out; otherwise, you will lose what you’ve wagered. You cannot, however, lose more than you’ve bet. These odds are what you are actually paying the bookmaker, and they will not change unless you are winning or losing money. So, while the meaning of ‘+650′ is straightforward, the calculations can be a bit tricky to figure out. In general, if you know the odds of winning, you can simply use them to find your profit or loss. Let’s take a look:
Example:
If you want to bet $10 on a game with odds of 3/1, you would need to enter $10 x 3 = $30 on the ‘Add Bet’ button. If you were to win, you would need to enter $30 – $10 = $20 in profit. Conversely, if you were to lose, you would need to enter $10 x 3 = $30 and you would lose $20. In this case, your overall profit or loss would be $10.
The odds of winning are established at the time you place the bet and they will not change, unless there is a drastic change in the betting market. The odds are what the bookmaker is offering at the time your wager is submitted and accepting the terms is all it takes to have the bet placed successfully.
The Odds Vary By Sport
Although in some instances, the odds may be the same for all games within an event, this is usually not the case and the variation will depend on the sport. Just like in the NFL, the odds of winning in tennis may be the same as in the NBA but the rules and regulations are different. There are also instances where a sport has a different set of odds for particular game days or occasions. For example, the World Series has different odds than the regular season and some events have a set of odds that only apply for that event. A good example of this is the Kentucky Derby. The Derby has very different odds than the rest of the year, and this is because of a rule that sets different odds for all Derby entrants. The rule states that the odds of a particular horse will be based on various factors, including, but not limited to:
- The length of time the horse has been racing
- The age of the horse
- The race history (i.e., whether or not the horse has won previously)
- The sex of the horse
- The weight of the horse
- Handicap
These factors are used to calculate a set of Derby odds that are usually higher than the regular season odds. The fact that the Derby has different odds than the rest of the year indicates that there is some sort of variation in the betting activity and this is what makes calculating your profit or loss a bit more complicated. Essentially, you cannot assume that just because the odds are the same in another sport that this will be the case in yours.
Odds Are Typically High For Popular Sports
One of the things that makes sports so attractive to bettors is that the odds are usually high for popular sports and this tends to attract more people to wager on those games. Just like any other form of entertainment, people will generally bet on games that they think they are more likely to win. If you are a fan of the Dallas Cowboys, for example, you might find it easy to place a bet on their upcoming game against the New York Giants. The odds of the Giants winning will determine your profit or loss in the bet and you will most likely end up ahead because there are so many ‘Cowboys’ fans out there. The fact that the odds are high and the game is between two popular teams makes it a perfect day for fans of both teams to come together and wager on their favourite players and coaches. This is also why, whenever there is a World Series game on, people will usually place wagers on the games rather than making long (or any) trips to the baseball park.
‘+650′ Means The Opportunity To Bet
‘+650′ in sports betting does, in other words, mean the opportunity to bet or put money on the table. In most cases, this is an absolute and in other instances, it can be a bit more complex. Just like in the case of the Kentucky Derby, the opportunity to bet on the games is not guaranteed and there will be instances where you are not allowed to wager on a certain sport or event. In these cases, you will still be able to watch the game and make some sort of profit or loss but you will be limited in the bets you can place. The bottom line is that you should never assume that just because the odds are high in other sports that this will be the case in yours.
Final Takeaway
To recap, when used in betting, ‘+650′ means ‘to put money on the table’ or ‘to wager’, and the overall meaning is ‘to bet on’. When used in this way, the odds always represent how much profit (or loss) you would make on the wager and they cannot change, unless there is a drastic change in the betting activity. Just remember: you cannot lose more than you’ve bet!