In sports betting, odds serve to define the likelihood of an outcome for each side of a competition.
When we see a negative number like -20000, it means that the team or player is a heavy favorite to win.
In simple terms, you would need to bet $20,000 to win just $100.
Sounds risky, right? That’s because it is. The higher the absolute value of the negative number, the lesser the potential payout.
Real-World Example: A $100 Bet
Let’s illustrate this with an example. Suppose you place a $100 bet on a team with -20000 odds. If that team wins, how much would you win?
The answer is, not much. With odds of -20000, you would win only $0.50 on a $100 bet. This highlights the level of risk involved in betting on such heavy favorites.
When Should You Consider This Type of Bet?
Now, you might be thinking: “Why would anyone want to risk so much for such a small potential payout?” Good question.
Betting on heavy favorites with such steep odds is generally not recommended for beginners or risk-averse bettors.
However, if you have a high level of confidence in the outcome and are willing to stake a large sum for a relatively small return, then this type of bet may be worth considering.
Finding the Most Profitable Odds
In the world of sports betting, it’s very beneficial to find the most profitable odds. One tool that can help you with this is OddsJam.
It’s an odds comparison tool that allows you to find some of the best odds for your bets, potentially increasing your profitability.
To wrap it up, odds of -20000 in sports betting signify a very heavy favorite, requiring a large bet for a relatively small return.
As always, remember to gamble responsibly and only bet what you can afford to lose. Happy betting!