What does +125 mean in odds?

Jessie Strictland asked, updated on March 4th, 2021; Topic: what does odds ratio mean
👁 356 👍 18 ★★★★☆4.9

For example, if a team is a -125 favourite that means you would need to wager 125 to win 100. If a team is a -600 favourite that means you would need to wager 600 to win 100. The greater the favourite, the more you would need to wager to win 100.

Follow this link for full answer

Over and above that, how do you read favorite odds?

The – and + on a sports betting line indicates both your prospective payout and whether you're betting on the favorite or the underdog. Negative numbers signify the favorite on the betting line. The negative number indicates how much you'd need to bet to win $100.

Further to this, what does +1.5 spread mean? A team favored by -7 must win the game by eight or more points to win the bet. If the team wins by seven, the result is a “push” and the bet is refunded. A spread of +7 means the team must win the game or lose by fewer than seven points to win the bet.

Additionally, do you get your money back if you win a bet?

Odds can also be even money. A winning even money bet will return exactly the amount staked in profit, plus the original stake. So you basically double your money.

Is odds good or bad?

Why do Odds Matter in Sports Betting? The odds are essential when selecting a sportsbook because they affect your money. If you choose a sportsbook with poor odds, you will end up wasting money every time you place a bet.

2 Related Questions Answered

What do Odds 1/3 mean?

This means that out of 4 possible outcomes, odds are that there will be 1 of one kind of outcome and 3 of another kind of outcome. For every 4, odds are that 1 will be a particular event and 3 will be another event.

What gambling odds mean?

Fractional odds are the ratio of the amount (profit) won to the stake; Decimal odds represent the amount one wins for every $1 wagered; and American odds, depending on the negative or positive sign, either indicate the amount one needs to wager to win $100 or the amount one would win for every $100 staked.