Wager Mage
Photo: Karolina Grabowska
When you see a +1.5 in front of a team's name, that means that they are 1.5-point underdogs in that matchup.
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Read More »Betting odds and lines from a sportsbook can be confusing at first, but they aren’t that hard to understand. In order to help you understand betting odds, we will use +1.5 as an example. When you see a +1.5 in front of a team’s name, that means that they are 1.5-point underdogs in that matchup. Here is what this might look like from a New York sportsbook:
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Decimal odds = 1.30. Implied win probability = 76.7% $10 bet = $13.03 payout.
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