What Does Minus 120 Mean In Betting
Jul 08, 2019 When you see a minus (-) sign in front of a price, it shows you that team is the favorite to win the game. That number also indicates how much money you need to bet/spend in order to win $100. For example, a -220 money line means you need to bet $220 in order to win $100 provided the team you bet on actually does win. What does 'plus' and 'minus' mean as a sports betting term? Odds expressed in terms of money, with $100 being the standard. If the odds are minus (–), then that amount of.
Today, bookmakers offer many types of odds and types of bets, each of which has its designation. In this article, we will answer a popular question, what do plus (+) and minus (-) signs mean in sports betting?
What does +100 or -100 mean in sports betting?
A plus or minus sign and a three-digit number denote the odds in US bookmakers (you can find the rating of the best of them on Meta.reviews).
The value of the odds with a plus sign is the amount of potential net profit that can be obtained from a $100 bet. For example, odds at +125 mean that a $100 bet will generate a net profit of $125. The total profit, in this case, will be $225 ($100 bet + $125 net profit).
The value of the odds with a minus sign is the amount you need to bet to get $100 in net profit. For example, odds at -120 mean that a $120 bet will generate a net profit of $100. In this case, the full payment will be $220 ($120 bets + $100 net profit).
What does +1.5 or -1.5 mean in sports betting?
A plus or minus sign and a fractional or whole single or two-digit (for bets on the total in basketball) number usually denotes a handicap bet.
Handicap is a bet on the victory of a particular team with some adjustment. The handicap is added to the final result, and if the final result is in favor of the selected team, the bet wins.
For example, let’s take the soccer match Manchester City – Sunderland. If the player bets H1(-1.5), he will win if Manchester City win the match with a difference of 2 or more goals (2:0, 3:1, 3:0 and so on). The bettor will lose if Manchester City win by just 1 goal or fail to win at all (1-0, 0-0, 1-2, etc.).
Now consider the Real Madrid – Atletico Madrid match. The bet is H2 (+1.5). The bettor will win if Atletico Madrid win or draw or lose by just 1 goal. The bet loses if Real Madrid win with a difference of 2 or more goals.
The peculiarity of handicap betting is that bookmakers define any sporting competition as a 50/50 contest of equal chances, adding one (usually the underdogs) a point advantage at the expense of the clear favorites of the match. It can be said that in this way bettors’ chances are somewhat equalized, which makes them focus more on luck than on the skill and experience of the sports team.
Types of handicaps
In Betting What Does Mean 3
- A handicap can be an integer: (-1), (+1) and so on. With such a bet the player can get a return if, for example, he bet on -1 for the first team, and it wins with a difference of only one goal.
- A handicap can be fractional: (-1.5), (-2.5), (+1.5), (+2.5) and so on. In this case, a return is possible only if the match is canceled.
- Positive handicaps are usually given to a clear underdog. In case a player bet on the victory of an underdog with a handicap (+2.5), and the match ended with a minimal victory of the favorite, it can be said that the bet won.
- Negative handicap, respectively, is set to the favorite. So, if a capper made a bet with a negative handicap (-1.5), and the match ended with a landslide victory of the favorite, the bet wins.
- The essence of the zero handicap is that the player will win if the team on which he bet wins, and get a refund if the match ends in a draw.
Story by Julia Gahan
Related
The plus (+) and minus (-) in sports betting can refer to either the point spread or betting odds. In terms of the spread, the ' - ' always refers to the favorite and the ' + ' always refers to the underdog. For example, you can bet the Dallas Cowboys as a -7 point favorite to beat the Green Bay Packers or the Packers as a +7 point underdog. If you bet the Cowboys -7 and they win by more than seven points, you win your bet. Similarly, if you bet the Packers +7, as long as they lose by less than seven points or win outright, you win your bet.
It's a similar case for the betting odds, though favorites don't always have a ' - ,' especially in sports like baseball, hockey or soccer where final results are often decided by one run or one goal. It's especially the case in soccer since matches can end in draws, whereas a winner is declared in almost every other sport because of overtime rules. However, in most cases, the favorite will have a ' - ' in front of its moneyline odds while the underdog will always have a '+ .'
What Does Mean In Betting
For an example of moneyline betting odds, you can bet the Eagles as a -150 favorite to win or the Giants as a +180 underdog to win. If you bet $100 on the Eagles to win at -150, you would net a payout of $166.70. If you bet on the Giants to win at +180, the payout would be $280 because they are an underdog.
What Is Plus Minus In Betting
For something like soccer, Arsenal could be a +150 favorite against Everton as a +190 underdog, while the draw would be set at +220. In this case, the payout would be decent for every situation mainly because the teams are even and there are three possible results compared to just two for something like football (unless they go scoreless in overtime). In this case where both teams have a ' + ' in front of their odds, the team with the lower number is the favorite. The lower number also means a lower payout, which is always the case for betting the favorite on the moneyline. A $100 bet on Arsenal +150 would net $250, while a $100 bet on Everton +190 would net $290. Going further, a $100 bet on the draw at +220 would payout $320.