![]() The sportsbook‘s predicted chance of an outcome occurring.Negative odds mean you must risk more money to win $100 (the favorite), while positive odds mean you win more than your wager (the underdog). The odds also indicate how much you would profit by betting on each outcome. This means the sportsbook believes the Warriors have a 71.4% chance of winning (calculated by 250/(250+100). These odds are based on the implied probability of that outcome actually happening.įor example, say the Warriors are set as -250 favorites to beat the Lakers. Sportsbooks like FanDuel and DraftKings set odds for every possible outcome of a sporting event. A Quick Refresher – What Do Betting Odds Represent?īefore diving into positive numbers specifically, let‘s step back and review what betting odds represent in general. But understanding what these odds represent is key to predicting potential payouts and making smart wagers.Īs an experienced sports bettor, let me walk you through exactly what plus odds mean, when they‘re used, and how to take advantage of them. If you‘ve ever glanced at betting odds for a sporting event, you may have been confused by positive numbers like +240.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |