Understanding Sports Betting Favorites: A Guide to +/- Odds Explained

Understanding Sports Betting Favorites: A Guide to +/- Odds Explained

By Michael Davidson

November 19, 2024 at 05:34 PM

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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