When you place a wager with a bookie, the odds may be displayed in a variety of ways. One of the more common methods is through the use of ‘+’ followed by a number. For example, you will often see ‘+20′ or ‘+25′ beside the odds of a certain basketball game. What do these numbers mean? Let’s dive into the nitty-gritty of betting conversion to know the answers.
The Meaning of “+” In Sports
When you place a wager on sports, the odds will almost always be shown as a ‘- (minus sign)’ followed by a number. For example, a sports book may set the odds of a heavyweight boxing match at ‘-500′ to ‘+350′. You would then place a wager on this event by putting $250 on the underdog (-500) and the favorite (+350) to win.
This is how the bookie shows the total amount of money you will win or lose, depending on the outcome of the bet. For example, if you bet $250 on a heavyweight bout and the favored boxer wins, you will win $500. The amount you win is the amount you pay (minus deductions) less the amount you bet. (Learn more about betting odds and payouts on this page.)
The Meaning of “+” In Finance
In the world of finance, when you make a purchase using a credit card, the odds will almost always be shown as a ‘+’ followed by a number. The + indicates the credit card company will give you 1 percent of what you spent on the purchase. For example, you will see ‘+10′ or ‘+15′ beside the odds of a stock purchase. (Learn more about betting odds and payouts on this page.)
What Does It All Mean?
When you place a wager on any event, whether it’s sports or finance-related, the odds will almost always be shown in one of two ways:
- As a “line,” which shows the odds of the event as opened by the bookies. In order to determine the best line for a wager, you must consider several factors including team strength, past performance, and line movements.
- As a “spread,” which shows the amount of money you will win or lose based on the outcome of the event. (Learn more about betting odds and payouts on this page.)
As a beginner in the world of sports betting, you may wonder what all these numbers mean. You are probably also wondering how all this knowledge will help you. Fear not! With a little bit of research and the guidance of experienced bettors, you will be able to enjoy the perks of betting with confidence. (Learn more about finding a good bookie and signing up on this page.)
To begin your journey to financial freedom, all you need is a love for competitive games, a willingness to learn, and a little bit of faith. So, if you’re ready, here’s how to place a wager.