There are all sorts of approaches to wagering. Some people swear by their strategies no matter what the circumstances. There are those who believe in plus and minus betting on favorites and underdogs. A look at how this could produce the results one hopes to achieve.
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Why Do Favorites Have Minus Odds and Underdogs Have Plus Odds?
The logic behind betting with plus and minus signs is pretty basic. If you are looking to bet on an underdog, there will be a plus sign next to the dollar figure associated with the wager. Let’s use $100 as a base. So, if one is betting on a hockey team that is +210, then the wagering process would be as follows: If one bet the $100 we have used in this example, then the wager would produce a $210 profit should the team win. So, the person is betting $100 to win $210. That’s the mark to look for when playing underdogs.
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Not the +210, but however much the number is next to the plus sign. When trying to figure out how much one would win on a different wager amount, simply use math. If the play is $50 to win, then it would be half of the $100 win bet profit, or $105 returned, plus your $50 investment.
When looking at positive and negative odds and considering playing a favorite, understand what the minus sign next to the number means. If a favorite is, for example, -350, that means a player would have to wager $350 to win $100. If the team that was the heavy chalk won, as the betting line suggests it is expected to do, then the wager would result in the $350 returned plus $100 profit. Go to the window and get back $450.
This is where playing favorites becomes dicey. If the line is close to even and one thinks the team is going to triumph, then the risk isn’t that large. However, the bigger the favorite when it comes to minus-odds, the greater the pain should the team stumble and lose.
This is a way for sportsbooks to try and create some sort of balance in betting on games or events such as boxing or tennis matches when using betting line symbols. Ideally, there would be a similarity in how much money is wagered on each team. It rarely works out that way.
There are also plus and minus signs used for other facets of wagering. A plus sign on ATS means the team is getting that many points, runs or goals. A minus sign would determine how many points, runs, or goals the team has to win by in order to cover. Those odds usually are fixed at -110 on ATS bets.
What Are the Main Advantages of Using Plus-Minus Betting in Sports Betting?
Betting line symbols dictate what the odds are on different events in different categories. The betting public can use the plus-minus odds system to decide how much money they are willing to wager on a team and in what category. If the goal is to win a certain amount on an underdog, the minus number allows the player to figure out how much they have to bet. So, if you want to win $100, a team that is +200, just use the knowledge that a $50 wager would provide that result. Remember, the +200 would be based on a $100 wager.
Then again, if your team is -200 but you aren’t interested in making a win play for that much money, one can bet $100 to win $50. The plus-minus betting system allows for great creativity on the part of the sportsbook to create lines that stir interest among the betting public when it comes to certain categories of wagering. It gives great flexibility to the wagering public and also creates a clear picture of how much of an underdog a team is when it comes to simply winning and losing games in the moneyline category. The plus-minus when it comes to ATS is also about as clear a statement on how much of an underdog or favorite teams are in certain games or events.
