Do not be scared away at the math part, because this is easy to figure. These odds require you do just a little bit of math to convert. This means that for every $150 placed on them, and if they win, you will receive $100. They are considered the favorite, or the most likely to win. This means that for every $100 placed on them, and if they win, you will receive $120.įor the Lakers, they have the minus sign and the number 150.
They are considered the underdog, or least likely to win.
Let us look at the following example to show how they work:Īs you can see, the Warriors have a plus sign and the number 120. The most common odds you will come across are going to be the American odds. Some common types of bets you will come across in sports betting are future bets, point spread bet and moneyline bets among others. But you do need to understand the odds of probabilities and what they are implying to make the most of your bets. You do not have to be super successful at math to understand betting odds. Understanding how to read these odds will make for successful betting. What do these numbers and signs mean? That is a very good question that a lot of newer sports bettors need answering. They might even be accompanied by a plus or minus sign. When starting to wager money on sports, you will see some interesting numbers in front of a team or player.
