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What does +350 mean in odds?

For favorites you are always risking the money to win $100, and with underdogs you risk $100 to win the amount. A -135 favorite means you must risk $135 to win $100 from the sportsbook. You either lose $135, win $100, or your wager is a push. A +350 underdog means you risk only $100, but you win $350.

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What Do the Odds Mean?

American odds always use a baseline value of $100. For favorites you are always risking the money to win $100, and with underdogs you risk $100 to win the amount. A -135 favorite means you must risk $135 to win $100 from the sportsbook. You either lose $135, win $100, or your wager is a push. A +350 underdog means you risk only $100, but you win $350. You either lose $100, win $350, or your wager is a push. American odds can easily be converted into other odds formats, such as decimal odds or fractional odds, using an odds calculator. Most sports betting sites present odds in multiple formats, making it easy to switch between formats and set your preferred format as the default option. We can also convert American odds into percentages. This is useful because it gives you a break-even percentage that you need to achieve long-term to win when betting certain odds. The most common odds are -110, so we will use it for our example. The question to ask is “how often will we need to win, when betting at -110 odds, to break even?” The answer is “enough so that you turn $110 into $210 often enough to overcome the juice” but it is expressed in percentages. So we take our $110 risked, divided by the ultimate $210 payout if our ticket cashes, and come up with .5238 or 52.38%. This means you must win at least 52.38% of your bets at -110 to break even. Here’s another example based on a +200 underdog. How often do they have to win for us to break even? We take a $100 risk and divide by the ultimate payout of $300 and get .3333, or 33.33%. So any +200 underdog that wins 34%+ of the time is a profitable bet. American odds are attached to point spreads in most American sports such as the NFL and NBA. Here’s an example from the NFL:

Atlanta Falcons +3 (-115)

Carolina Panthers -3 (+110)

American odds give the bookmaker influence over the point spread without changing the key number of 3. As we discussed, odds worse than -110 can hurt your break-even percentage and should be taken into account even when betting spreads. On the other hand, underdog plus odds help your bottom line.

Conclusion

American odds are convenient and fast once you get accustomed to them. Just like any other format, it is all personal preference. It is also easy to convert American odds to fractional or decimal odds, and can easily be done using our online odds converter.

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What does +1600 mean in betting?

If the odds are plus (+), that amount of money would be earned on a successful $100 wager. (e.g. +150 means you make $150 on a $100 wager.) Money line is also sometimes referred to as “American Odds.” The standard (and often implied) number is –110, meaning a successful bet of $110 would net $100 profit.

athlonsports.com - What does ""plus"" and ""minus"" mean in sports betting? - AthlonSports.com

What does "plus" and "minus" mean in sports betting?

What does plus and minus mean in sports betting?

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 money must be wagered to win $100. (e.g. –150 means you must bet $150 to win $100.) If the odds are plus (+), that amount of money would be earned on a successful $100 wager. (e.g. +150 means you make $150 on a $100 wager.) Money line is also sometimes referred to as “American Odds.” The standard (and often implied) number is –110, meaning a successful bet of $110 would net $100 profit. This is the “juice” or “vigorish” (aka “vig”) for the house or sportsbook. Assuming equal bets on both sides, the house has a built-in 10 percent cut of the action, regardless of the outcome of a particular sporting event. This juice is a way to discourage gamblers from wagering on a heavy favorite. If the Golden State Warriors are listed at –500 to win the NBA championship, a successful $500 wager would only net $100. On the flip side, the plus-minus juice can also encourage gamblers to wager on a longshot. If the Los Angeles Lakers are a +500 to win the NBA championship, a successful $100 bet would net $500.

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