So you’ve decided to enter the fascinating world of online betting. Congratulations! Without further ado, let’s dive into the nitty gritty – what exactly is plus 170, and how does it work?
What Is ‘Plus 170′?
‘Plus 170′ is the collective expression used when referring to the first 170 in a series of bets. Let’s say, for example, you place a $10 wager on the Toronto Blue Jays to win the World Series this year. If they do indeed triumph over their rivals in October, you’ll be happy to pocket the $10. If they don’t win the championship this year but manage to avoid losing more than 170 points – i.e. the series is not extended to at least seven games – you’ll win your money back plus an additional $10.
In the case above, you risked $10 to win $20 (170 is approximately 20% of $20). Another popular plus bet involves placing a single bet of $10 and then subsequently adding plus 170 bets on top of it. For example, you might place a $10 wager on the Blue Jays and then add a further 17 $10 bets on top of that single bet, hoping that they will win but avoiding a total loss of more than 170 points.
How Does ‘Plus 170′ Work?
The above example illustrates how plus 170 works. Essentially, you’re placing multiple bets on the outcome of a sporting event, with the intention of profiting (or at least avoiding a loss) if your favored team wins but you also want to make sure you don’t lose more than you would have in the long run had you not placed the multiple bets.
As mentioned, placing multiple bets on the same team is a popular way of achieving “plus status,” and many bookmakers will even give you preferential treatment if you ask for it. For example, if you place a combined total of £100 on Arsenal to beat Chelsea in the FA Cup final and Leicester City to win the Premier League, these two bets will be treated as one, with ‘plus status’.
Other ways in which you can earn plus status include:
- Placing bigger bets (this is usually referred to as “volume betting”)
- Placing bets on more than one team (some bookmakers will give you plus status for betting on two or more teams)
- Placing bets at more than one venue (if you bet at a football match and a horse race, the latter will be treated as if it were a straight win bet on the football match result)
- Placing bets at more than one time (for instance, betting on a football match to start and finish within the same day)
In the case of the last point above, note that you will not receive plus status for betting on a horse race if you place the same bet at a different track or course. However, you can bet at more than one track and course and receive the plus benefits at all of them. For example, you could place a bet on the Melbourne Cup (horse race) this year and the Kentucky Derby a few months later (horse race).
When Do You Receive ‘Plus 170′?
Your first and, unfortunately, last chance to receive ‘plus status’ during the year is in April and October. The reason for this is that, in April and October, the Premier League and the World Series complete their seasons and draw their standings, which determine who wins the championship and what prizes (if any) the participants can win. As a result, these two months are always crucial in terms of your financial security.
If you want to avoid disappointment in April and October, it’s best to place your bets as soon as the previous season’s playoffs are completed. This is typically around the first week in April for the World Series and the Premier League, and it’s usually somewhere around the last week of October for the NBA and the NFL. This is assuming, of course, that you don’t bet on other sports (soccer, for example) before or after these dates.
Are There Any Consequences If You Don’t Receive ‘Plus Status’?
If you don’t receive plus status, then you won’t be able to take advantage of special promotions offered by a brand or bookmaker. If this happens, then you might end up losing more than you would have if you had plus status. In rare instances, this can even lead to bankruptcy. Fortunately, there’s a solution. Most bookmakers will give you all-inclusive betting credit when you ask for it. Simply contact customer service and ask them to give you an additional £100 or $100 (whichever is greater) to get your ‘plus’ status back. Though this won’t save you in all situations, it likely will in most.