The main purpose of betting is to make profit from your wagers. To do this you need to understand what the symbols + and – mean in relation to betting. These symbols can be found in the midst of lines, on the face of chips, or in various forms of advertisements for online betting. They all mean the same thing but only some are more widely used than others so it is important to know the differences. Here is a quick guide to what each symbol means:
The Digits Within The Lines
The + and – symbols are used in relation to lines that produce either winning or losing results. Lines that are even (i.e., they produce an equal amount of wins and losses), usually pay off even dollars for every dollar wagered. These types of lines are called “even money lines.” Paying odds of 1.5 to 1 or 2 to 1 mean that for every $100 you bet, you will win $150 or $200. A 1 to 1 odds line means you will win or lose the same amount of money on every wager (i.e., $100 on a $100 wager).
The Face Of The Chip
The face of the chip represents the outcomes of the bets made using this particular piece of gaming equipment. The number of faces determines the amount of money wagered on each side of the bet. With six face coins, you can bet on six different outcomes (i.e., combinations of wins and losses). Each coin has two sides with different odds, for a total of 12 different betting options for each chip.)
Ads for online betting usually contain a mixture of the three symbols +, –, and $. The first two symbols (+ and –) represent the different odds (i.e., winning chances) for each outcome, while the last one $ stands for “stakes.” To calculate your winnings from an online wager, simply take the total amount of money wagered and multiply it by the odds of the specific combination of wins and losses that you achieved. For example, if you wager $100 on a Roulette game and you win, your net winnings will be $100 x 2 = $200. If you want to put it differently, your loss will be $100 x 7 = $700 (i.e., you lost $100 times the amount you wagered on the seven winning numbers).
The Statue Of Liberty
The statuette of liberty is often used in combination with the plus and minus signs to represent betting odds. This particular image of the lady with the torch is often used in an effort to grab the attention of the prospective bettor as the meaning of the symbol is immediately understandable. The statue is associated with fire, freedom, and the United States of America. Because of the statue’s widely recognized status as an image of freedom, many casinos and other gaming facilities have placed a replica of the statue at their entrances to beckon patrons in and encourage them to place wagers.