In sports betting, a plus sign before the odds indicates that the team or person is an underdog to win.
The number following the plus sign shows how much money you would win on a wager of $100.
So, if you see +2200 odds, it means that if you bet $100 and your pick wins, you would earn an additional $2200 on your winning wager. Sounds exciting, doesn’t it?
How Does This Affect Your Betting Strategy?
Now that you know what +2200 odds mean, how should this knowledge inform your betting strategy? It’s simple.
These odds represent a significant potential return on your investment. However, keep in mind that with great returns comes greater risk.
The higher the positive number, the less likely the team or individual is expected to win. This is why the payout is so high.
So, while a successful bet at these odds could yield a substantial return, it’s also quite risky. Therefore, it’s crucial to do thorough research and consider all factors before placing such a bet.
Real-World Example: Betting $100 on the Money Line
Let’s say you place a $100 bet on a team with +2200 odds. If your chosen team emerges victorious, you stand to win $2200.
Not just your initial amount of money you bet, but $2200 in profits, so in total you would receive $2300, your initial $100 bet plus the additional $2200.
That’s quite a handsome sum, isn’t it? But remember, the risk is there too. If your team loses, you lose your $100 stake.
When Should You Consider This Type of Bet?
Betting on such high odds should be considered when you have a strong conviction that the underdog will win, or at least when you believe the odds offered are higher than they should be.
You might have insights or information that the general public or bookmakers don’t. Or perhaps you’re willing to take a gamble for the potential high rewards.
Finding the Most Profitable Odds
Finding the most profitable odds can truly give you an edge in sports betting. This is where odds comparison tools come in handy.
They allow you to compare odds from different bookmakers to find the best value.
I use OddsJam and think that it’s one of the best tools available to help you find winning bets, but remember, always bet responsibly.