If you see a +225 odds, it tells you how much you stand to win for every $100 you wager.
In this case, if your bet is successful, you would win $225 on top of your $100 wager. So, you’d walk away with a total of $325.
How Does This Affect Your Betting Strategy?
Knowing how to read odds is crucial to developing a successful sports betting strategy.
The odds not only show you how much money you could potentially win, but they also give you an idea of the likelihood of a particular outcome you’re betting on to hsppen.
For instance, a team with +225 odds is considered an underdog. This means that they are less likely to win, but if they do, the payout could be substantial.
This information can help you decide whether to take a risk on the underdog or play it safe with the favorite.
Let’s put this into perspective with a real-world example of a $100 bet
Imagine you’re betting on a football match. The Kansas City Chiefs are playing against the Green Bay Packers.
The Packers are underdogs with odds of +225, meaning if you bet $100 on the Packers and they win, you’d walk away with $225, plus the $100 you wagered, which totals $350. That’s more than double your initial wager!
When should you consider this type of bet?
While the potential payout may be tempting, it’s important to remember that higher odds also come with greater risk.
This type of bet should be considered when you have strong reason to believe that the underdog has a good chance of winning, despite what the odds suggest.
Finding the most profitable odds with odds comparison tools
Now that you understand how odds work, it’s time to make them work in your favor. Using an odds comparison tool like OddsJam can help you find the most profitable bets available.
By comparing odds from different bookmakers, you can ensure you’re getting the best possible return on your wager.
Remember, sports betting is a game of both luck and strategy.
While understanding the odds is a crucial part of the puzzle, it’s also important to know the sport you’re betting on and to make the best betting decisions.