# What Does the Betting Odds of +1200 Mean?

When a sportsbook opens up odds on the +1200 bet, it is usually a sign that the line is closing in on betting limits. The line in this case is the stipulated probability that the favored athlete will win the upcoming race, which is usually expressed as a fraction. So, if the odds are at +1200, this means that the bookmakers have factored in a win probability of 0.12 (1200 divided by 100) for the bettor. This can also be expressed as ‘+1200 to win’.

The point of this article is to demystify the seemingly complex concept of betting odds and how they relate to sports betting, not to make you a pro at calculating probabilities. Keep in mind that simply because the odds are in your favor at a particular bookmaker doesn’t mean you’ll win. It is always a good idea to check out the betting lines at several different places to get a sense of the different perspectives. You might also consider using a betting calculator to figure out your wagers. Knowing the odds is only half the battle; you also need to ensure that you are placing winning bets.

## What Are The Main Types of Bets That You’ll See On The Slots Floor?

The vast majority of bets that you’ll encounter while playing at casinos are either ‘win’, ‘place’, or ‘show’. A win bet is what you’ll see when you land on a plus-side slot, and the casino will award you the prize if the chosen athlete wins. A place bet is when you choose an athlete to place your bet on, and the casino will take care of the winning for you. Lastly, a show bet is what you’ll see when you opt to watch an event live rather than play through a streaming platform.

Each of these bets has a different pay table, which means that the payout of each is different. For example, a win bet on a horse race has a higher payout than a place bet on the same horse race. The key takeaway from this is that the more you wager, the more you’ll win, but the higher the risk of losing.

## How Do You Calculate The Winning Odds of A Game?

The first step in calculating winning odds is to determine the point spread. This is the amount of money that is on the table as a favorite vs. an underdog. For example, if you are playing the +1200 bet on a horse race, the point spread would be +1200 in the winner’s favor. Your next step would be to figure in the total number of points each horse will earn during the race, as well as their respective weights. This will give you the total amount of money that you stand to win or lose based on the outcome of the race. For instance, if a horse ends up winning by 10 points, you would have won +\$60 (12000 – 11000).

Once you know how much you’re entering into the wager, take your winnings (if any) and divide them by the amount of money that you risked. For example, if you risked \$100 on a horse race and it ended up winning by eight points, you would have a 50% winning rate and would have won \$40 (8000 – 60000 / 8000).

## What Is The Difference Between Win, Place, And Show Bets?

There are three different kinds of bets that you’ll encounter at a casino, and each has a different meaning. Let’s take a closer look.

### Win

A win bet is what you’ll see when you land on a plus-side slot. The amount of money that is on the line in a win bet is what is being wagered. For example, if you’re playing at a Louisiana sportsbook and chose to wager \$500 on the +1200 bet for the LSU Tigers football team, you would have risked \$500 on a win bet. If LSU wins the bet, then you’ll be awarded the \$500 that you risked. Similarly, if you’re playing at a West Virginia sportsbook and chose to wager \$400 on the +1500 bet for the West Virginia Mountaineers football team, you would have risked \$400 on a win bet. If West Virginia wins the bet, then you will be awarded the \$400 that you risked. In general, win bets are the simplest of all the types of bets to calculate; if the chosen team wins, you’ll win your money back plus some.

### Place

A place bet is when you choose an athlete to place your bet on, and the casino will take care of the winning for you. For example, if you’re at a West Virginia sportsbook and chose to wager \$400 on the +1500 bet for the West Virginia Mountaineers football team, you would have placed a place bet on that particular game. If West Virginia wins the bet, you will be awarded the \$400 that you risked. However, if LSU wins the bet, then you will lose your \$400 and the casino will keep the \$400 that they bet on the matchup.

### Show

A show bet is what you’ll see when you opt to watch an event live rather than play through a streaming platform. The amount that is on the line in a show bet is the amount that is being bet by both sides. For example, if you’re at a West Virginia sportsbook and chose to wager \$400 on the +1500 bet for the West Virginia Mountaineers football team, you would have placed a show bet on that particular game. If West Virginia loses the bet, then you will lose the \$400 that you risked. However, if LSU wins the bet, then you will lose \$400 and the casino will keep the \$600 that they bet on the matchup.

As you can see, all three types of bets have a different meaning and a different payout table. However, when calculating winning odds, you must consider how much you’ll win or lose overall rather than simply focus on the amounts that are on the line in each particular bet. This is because it is possible to win or lose a large amount of money overall even if your individual bets were won or lost according to the payout table indicated above. For example, if you’re playing at an Oregon sportsbook and chose to wager \$500 on the LSU Tigers team, you would have placed a win bet on that particular game. However, if LSU wins the bet and you also chose to wager \$500 on the West Virginia Mountaineers football team, then you will lose the \$500 that you risked on the first wager but will have doubled your money on the second, resulting in a net loss of \$1000 (the \$500 that you risked minus the \$500 that you won).

## Where Can I See The List Of The Races That I Can Place A Bets On?

This is a good question. To find out which races you can bet on, you’ll need to look at the casinos’ website or contact the support team. Most online sportsbooks will list the events that you can bet on, and this can be a helpful guide as well. Depending on how much time you have, you may not want to bet on every game. Sometimes the choice is difficult. In these cases, it may be beneficial to explore the various prop bets that are available, like over/under win totals or running backs vs. wide receivers. These are just a few examples, but hopefully this article has helped answer some of your questions regarding betting odds and calculations.