When you see odds like +150, it refers to moneyline betting, where you’re simply betting on one team or player to win.
In this case, +150 signifies that you stand to win $150 if you bet $100 and your chosen team or player emerges victorious.
This is typically associated with the underdog, as the payout is more substantial due to the perceived higher risk.
Real Life Example
Let’s imagine you’re watching a game between the Boston Celtics and the New York Knicks.
The Celtics are given odds of +150.
If you were to place a $100 bet on the Celtics to win and they pull through, you’d receive $150 in winnings, plus your original $100 back, for a total payout of $250.
When to bet on a +150 odds?
The choice to take on this type of bet depends on your risk tolerance and your confidence in the underdog’s potential to upset the favorite.
It can be a profitable strategy if you have a knack for spotting undervalued teams or players who have a good chance of winning despite the odds stacked against them.
Why you should compare odds?
To maximize your profits in sports betting, it’s important to compare odds across different bookmakers.
This is where an odds comparison tool becomes incredibly useful.
OddsJam, for example, allows you to find the most profitable soccer odds and ensures you get the best possible return on your bets.
Every dollar counts in sports betting, and having the right tools at your disposal can significantly improve your profitability over time.