The “+1200” odds are known as American odds or moneyline odds.
The “+” sign signifies that the team or individual is an underdog, meaning the sportsbook thinks they are less likely to win.
The number following the “+” sign is the amount of money you would win from a $100 bet.
So, in this case, if you bet $100 on an outcome with +1200 odds, you would win $1200 if your bet is successful.
How does this affect your betting strategy?
Knowing how to interpret odds like +1200 can greatly impact your betting strategy. When you see a positive number like +1200, it indicates that the team or individual is considered an underdog.
The higher the number after the plus sign, the bigger of an underdog that the team or person is to win.
This means that the likelihood of this outcome occurring is lower, but the payoff can be significant if it does happen.
This can influence your decision-making process.
Do you feel lucky and willing to take a risk for the chance of a big payout? Or do you want to play it safe and bet on the favorite with lower odds?
Let’s put this into perspective with a real-world example
Let’s imagine you’re placing a $100 bet on a team with +1200 odds. If that team pulls off an upset and wins, you’d walk away with $1200 in profit from your bet.
When should you consider this type of bet?
Considering a bet with +1200 odds depends on your risk tolerance and your knowledge about the teams or players involved.
If you’ve done your research and believe that the underdog has a good shot at winning, then it might be worth the gamble.
But remember, high odds also mean high risk. Always bet responsibly.
Finding the most profitable odds
To maximize your potential profits when sports betting, it’s important to compare odds across different betting platforms.
Tools like OddsJam can help you find the most profitable odds for any given match, sport, or event.
By using tools like OddsJam you can ensure you’re getting the most valued bets and make sure you’re making bets that are more likely to win.