Photo: Jim Fawns

What does a bet of +350 mean?

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.

sbo.net - American Odds Explained - Learn How to Read US Odds

Does buying Bitcoin affect your credit score?

Will Buying Bitcoin Impact Your Credit? The money you keep in checking, savings or investment accounts doesn't impact your credit history or...

Last updated Oct 13, 2019

What app can i bet games legal?

Review: DraftKings Sportsbook. FanDuel app. ... Review: FanDuel Sportsbook. FOX Bet app. ... Review: FOX Bet Sportsbook. BetMGM app. ... Review:...

Last updated Feb 3, 2019

Make Your Bookie Cry And Pull The Hair By Generating $23,187

Promotion

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.

Can bookies refuse to pay out?

In the case of the bookie, if they think that you've done something that is against their terms and conditions, or is suspicious, then they can...

Last updated Sep 28, 2020

How do you say 40 0 in tennis?

In tennis, “love” is the term used for a score of zero or nil. For example, if the score is 40-0, you would call it “forty-love.” The term love can...

Last updated Oct 28, 2018

Promotion

What does +300 mean in bets?

What does +300 mean? The +300 represents the odds of a bet. In this situation, for every $100 that you bet on Duke to win, you'd pocket $300 in return should Duke win this year's men's college basketball tournament. Toss down a cool $1k on them and you'd pull in $3,000 if they win.

sportsbookwire.usatoday.com - Duke Blue Devils +300 to win March Madness. What does that mean?

With March Madness upon us and increased focus on sports wagering, it’s important that you understand what you’re seeing, hearing and reading. As you consume sports media around March Madness (or any other sport for that matter), you’ll often hear things like: The Duke Blue Devils are +300 to be the outright winner of this year’s March Madness Tournament.

What does +300 mean?

The +300 represents the odds of a bet. In this situation, for every $100 that you bet on Duke to win, you’d pocket $300 in return should Duke win this year’s men’s college basketball tournament. Toss down a cool $1k on them and you’d pull in $3,000 if they win. If they lose, you’re out $1k – or whatever you opted to wager.

What does -300 mean?

If there’s a -300 money line, that means for every $300 that you wager you would win $100 if your bet is correct.

Simple betting things to remember:

When you hear positive numbers, that is the amount you win per $100 wager. When you hear a negative number that is the amount you need to bet in order to win $100 in a wager. Negative numbers reflect the team is the favorite, or chalk, selection.

What do 5-to-1 odds mean?

Well, what about #-to-# odds? How does that compare and what do they mean? The concept is very similar to what we’ve already discussed. In this case, the first number (or 5) is the sportsbook’s stake against the second party’s bet – the second number (or 1) in this case. So for every $1 dollar that you wager on a 5-to-1 bet, you’d be paid $5 against it if your bet is accurate. Wager $10, your bet wins and you pocket $50.

Why is sports betting so hard?

No matter how many sports you profess to know like the back of your hand, and despite the countless hours of dedication you put into honing your...

Last updated Mar 1, 2018

Is gambling disorder a mental illness?

It is classed as an impulse-control disorder. It is included in the American Psychiatric Association (APA's) Diagnostic and Statistical Manual,...

Last updated Oct 27, 2019

Promotion

Can you make a lot of money from betting?

Sports betting can be profitable, but the majority of bettors lose money, which is why sportsbooks exist. Sports betting is not always profitable...

Last updated Nov 2, 2018

Promotion

How does Google know my location using VPN?

The way Google knows your location even with a VPN, in short: Google can determine your location despite VPN use by collecting all sorts of...

Last updated May 9, 2019