In sports betting, odds with a negative (-) symbol indicate the favorite in a game.
The number that follows the negative symbol (the odds) reveals how much you need to bet to win a certain amount.
In the case of -2200 odds, you would need to bet $2,200 to win $100.
Impact on Your Betting Strategy
How does this affect your betting strategy? Well, the higher the absolute value of negative odds, the more likely the event is to occur according to the bookmakers.
However, the potential payout for betting on such a favorite is lower.
In our example, a successful $2,200 bet would only net you a $100 profit. This means that while your chances of winning might be high, the reward is relatively small.
A Real Example With $100 Bet
Let’s put this into perspective using a real-world example: If you place a $100 bet on a team or player with -2200 odds, you would win approximately $4.55 if your bet is successful.
This is because the team or player is heavily favored to win, hence the lower return on your bet.
When to Consider This Type of Bet
Betting on favorites (those with negative odds) could be a good strategy if you believe the outcome is highly likely and are comfortable with the lower potential payout.
It’s a matter of weighing the risk versus the reward.
Finding the Most Profitable Odds
To maximize your potential winnings, it’s important to find the most profitable odds.
One way to do this is by using odds comparison tools, which allow you to compare odds from different bookmakers and find the best value.
OddsJam is a great example of an odds comparison tool that can help you find the most profitable sports betting odds.
It’s free to use for 7 days and allows you to search for your different types of bets in multiple sports to get the best value from bookmakers!