When you see -1200 in sports betting, it refers to American odds or moneyline odds.
A negative number indicates the favorite, i.e., the team or player that is most likely to win.
In this case, -1200 means you would need to wager $1200 to win $100.
How Does This Affect Your Betting Strategy?
Betting on a heavy favorite like this might seem like a sure thing, but keep in mind the risk involved.
You’re risking a lot of money for a relatively small return.
It might be worth it if you’re very confident in the outcome, but it’s crucial to consider the risk/reward ratio before placing such a bet.
Putting it into Perspective: A Real-World Example
Let’s say you place a $100 bet on a team with -1200 odds. If your team wins, you’ll get your original $100 back plus a profit of about $8.33.
Yes, the return seems small relative to the risk, but remember, these odds suggest that the team is highly likely to win, which is why the sportsbooks have the odds set the way they do.
When Should You Consider This Type of Bet?
This type of bet may be worth considering if you’re fairly certain of the outcome and are comfortable with the risk involved.
However, it’s always important to do your research, use sports betting tools, and try to thoroughly understand the teams or players involved before placing a bet.
Finding the Most Profitable Odds
To find the most profitable odds and sports bets, you might want to use an odds comparison tool like OddsJam.
These tools can help you find the best odds available across various sportsbooks, which can help you find cheaper bets and increase your potential return if your bet is successful.