The New York Stock Exchange (NYSE), located at the heart of Wall Street, usually sets the benchmark for the stock market. Today, it isn’t just about one index. There is the Dow Jones Industrial Average (DJIA) and the S&P 500, among many others. If you are new to betting or simply want to know more about betting options, this article will help. We’ll go over what a -130 mean in betting and how to use it effectively.
The Meaning Behind the “-130” Marker
When you place a wager (also known as a “bet”) on the NYSE or any other exchange, whether it’s a sportsbook or a bookmaker, the operator will usually give you a choice of odds. If they are offering United States Presidents as odds, you can probably guess how they would react to your wager.
If you look at the odds they are offering for President George W. Bush, for example, you would see something like this: -130. Sometimes, the way you place your wager is important as well. If you were to bet on a horse that is represented by the phrase “Bush’s dog,” for example, you would need to look for a bookmaker that specializes in dog race betting. In that case, you would need to wager $10 on each dog, with a possible total winnings of $130 (2 x $10 x 2).
The “-” before the decimal place generally means a negative number. It helps to remember that when you are betting, the line moves in the other direction, so instead of seeing +250 for the favorite, you would see -250 on the opposing side. For example, if you wager $100 on the favorite, the bookmaker would adjust the line to -$100 for the underdog to make it $0.
How to Use the -130 Marker
The key to using the -130 marker is knowing when to stop. If you look at the previous example, you would see that the optimal wager for President Bush would have been to bet $10 on each of his two dogs, resulting in a total wager of $20 (2 x $10). While this may sound like a good idea in theory, in practice it is usually not. The reason is that the more you wager, the more you lose. When it comes to betting, more is actually less. You should avoid doing this as much as possible, as you will usually end up losing more than you would have otherwise. Instead, simply wager what you can afford to lose, which in this case would be $20 minus the $10 you already have on each dog, resulting in a net loss of $10 ($20 – $30).
In general, it is advised against betting more than you can afford to lose. This will not only keep you from getting hurt but will give you the opportunity to have some fun as well. If you want to make the most out of a sporting event or the Vegas experience in general, betting on more than you can afford to lose is usually not the way to go. Simply follow the general rules of betting, and you will be on your way to making good money (and having fun!) in no time.