In sports betting terms, a plus sign (+) before a number indicates that the team or player is an underdog.
If you see +110 odds, this means that for every $100 you bet, you stand to win $110 if your chosen team or player comes out victorious.
In other words, it signifies that the potential return on your bet is $210 – your initial $100 stake plus the $110 you won.
How does this affect your betting strategy?
Understanding the meaning of “+110” can significantly influence your betting strategy in a positive and rewarding way.
It’s all about risk and reward. Betting on an underdog (a team or player with “+110” odds) can be risky as they’re less likely to win, but the potential payout is higher.
Conversely, betting on the favorite (represented by a negative number like “-110”) may be safer, but the potential winnings are lower. In this case, you’d need to bet $110 to win $100.
A Real-world Example
Let’s put this into perspective with a real-world example.
Suppose you place a $100 bet on a team with +110 odds and they win. You would receive your initial $100 back, plus an additional $110, making a total return of $210.
When to Consider This Type of Bet?
When should you consider placing a bet with +110 odds? The answer lies in assessing the risk versus reward.
These odds offer a good return on investment, but remember, they also represent a higher risk as the team or player is considered an underdog.
It’s all about weighing up the potential payout against the likelihood of that outcome.
Finding the Most Profitable Odds
Now that you understand what +110 odds mean, how do you find the most profitable odds? That’s where odds comparison tools come into play.
Tools like OddsJam can help you compare odds across multiple sportsbooks to find the best value for your bets.
Remember, betting isn’t just about luck, it’s also about strategy and making informed decisions.