When you see a moneyline of +200, it means that the team you’re betting on is considered an underdog.
In other words, they’re not expected to win. So, what does this mean for you as a bettor?
If the odds are +200, it means that if you bet $100, you could potentially win $200. This isn’t guaranteed, of course, but it demonstrates the potential payout from your bet.
To put it in another way, the bookmaker is giving you the odds that the bet will succeed one-third of the time.
How Does This Affect Your Betting Strategy?
Understanding the odds you’re betting on is a very important part of creating an effective betting strategy.
If you think the likelihood of the underdog winning is higher than the bookmaker estimates, a +200 bet could be a smart move.
However, remember that betting on the underdog is riskier since they’re not expected to win.
Real-World Example: A $100 Bet
Let’s say you bet $100 on a soccer team with +200 odds.
If they win, you’ll receive $200 in winnings, plus your initial $100 bet back. So, your total return would be $300. But if they lose, you’ll lose your $100 bet.
When Should You Consider This Type of Bet?
This type of bet might be worth considering if you believe the underdog has a good chance of winning.
Perhaps you’ve noticed a key player is in top form, or the favorite team has a significant player injured.
Finding the Most Profitable Soccer Odds
If you’re interested in finding the most profitable soccer odds, odds comparison tools can be a huge help.
They allow you to compare odds from different bookmakers to find the best value. For example, OddsJam is a popular tool for this purpose.
Sports betting should be fun and always done responsibly. Understanding the odds is just part of the story. Always bet within your means and never more than you can afford to lose.