Understanding Sports Betting Favorites: A Guide to +/- Odds Explained
In sports betting, understanding how to identify favorites and underdogs is crucial. Here's a clear explanation of how betting odds work:
Understanding Favorites (-) and Underdogs (+):
- Favorites are marked with a minus (-) symbol
- Underdogs are marked with a plus (+) symbol
- The team with the larger negative number is the bigger favorite
How to Read the Odds:
- Negative (-) odds: Amount you need to bet to win $100 Example: -180 means bet $180 to win $100
- Positive (+) odds: Amount you'll win on a $100 bet Example: +200 means win $200 on a $100 bet
Pick'em Games:
- When both teams have equal odds of winning
- Usually shown as -110 for both teams
- Can refer to games with very close odds (like -115 vs -105)
Sport-Specific Considerations:
- Football: Pick'ems often have 1-point spreads
- Baseball: Uses 1.5 run spreads in pick'ems
- Soccer: Includes draw options, making three possible outcomes
Spreads in Pick'em Games:
- Football: Typically 1-point difference with minimal odds adjustment
- Baseball: Usually 1.5 runs with heavy juice on the favorite
- Soccer: Often 0.5 goals with adjusted odds due to draw possibility
Remember: The favorite isn't always the best bet - odds reflect probability but don't guarantee outcomes.
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