Introduction:
In sports betting, odds represent the likelihood of an outcome occurring. Plus-minus odds, also known as American odds, are a common type of odds format used in the United States. Understanding how plus-minus odds work is crucial for anyone looking to place a bet on sports. This article will explain how plus-minus odds work, how to calculate potential payouts, and provide some examples to illustrate the concept.
What are Plus-Minus Odds?
Plus-minus odds are expressed as either a positive or negative number. The plus sign (+) represents the underdog, while the minus sign (-) represents the favorite. The number represents the amount of money that must be bet in order to win $100 for a negative number or the amount of money that can be won by betting $100 for a positive number.
For example, if the odds are -110, it means that a 메이저놀이터 순위 must wager $110 to win $100. On the other hand, if the odds are +200, it means that a $100 bet will win $200. The higher the number, the less likely the outcome is to occur according to the sportsbook.
Calculating Payouts:
Calculating payouts for plus-minus odds is relatively simple. For negative odds, divide the odds by 100 and multiply the result by the bet amount. For example, if a bettor wagers $220 on -220 odds, the payout would be calculated as follows: -220 / 100 x $220 = $100. The total payout would be $320 ($220 bet amount plus $100 winnings).
For positive odds, multiply the odds by the bet amount and then divide the result by 100. For example, if a bettor wagers $100 on +150 odds, the payout would be calculated as follows: +150 x $100 / 100 = $150. The total payout would be $250 ($100 bet amount plus $150 winnings).
It’s important to note that payouts may vary slightly depending on the sportsbook and the odds format being used. Some sportsbooks may use decimals or fractions instead of whole numbers to express odds.
Examples:
Let’s look at some examples to further illustrate how plus-minus odds work.
Example 1: New York Yankees vs. Boston Red Sox
The New York Yankees are favored to win against the Boston Red Sox with odds of -200. This means that a bettor must wager $200 to win $100. If the bettor places a $200 bet and the Yankees win, the payout would be $300 ($200 bet amount plus $100 winnings).
On the other hand, if the Boston Red Sox have odds of +150, this means that a $100 bet would win $150. If the 메이저놀이터 순위 places a $100 bet on the Red Sox and they win, the payout would be $250 ($100 bet amount plus $150 winnings).
Example 2: Super Bowl Betting
Let’s say the odds of the New England Patriots winning the Super Bowl are -1200. This means that a bettor must wager $1200 to win $100. If the Patriots win, the payout would be $1300 ($1200 bet amount plus $100 winnings).
If the odds of the Philadelphia Eagles winning the Super Bowl are +800, this means that a $100 bet would win $800. If the Eagles win, the payout would be $900 ($100 bet amount plus $800 winnings).
Conclusion:
Understanding how plus-minus odds work is essential for anyone looking to place a bet on sports. Plus-minus odds are commonly used in the United States and represent the likelihood of an outcome occurring. A negative number represents the favorite and a positive number represents the underdog. Calculating payouts for plus-minus odds is relatively simple and can be done using a formula.
