In simple terms, if you see a +400 betting odd, it means that for every $100 you bet, you stand to win $400 if your chosen team or player wins.
Essentially, you’re looking at a bet where the potential payout is four times the amount you’ve wagered.
Plus, you get to keep your original $100, so the total return would be $500 if your bet won.
How Does This Affect Your Betting Strategy?
Let’s make this concept a little more relatable.
Suppose you’re a boxing enthusiast and you decide to bet $100 on the underdog who has +400 odds.
If your underdog pulls through and wins, you’ll walk away with a neat $400 profit.
However, it’s important to remember that the odds are set by bookmakers based on their predictions of the outcome.
A +400 odd indicates that the team or player you’re betting on is not the favorite to win (they’re the underdog) and there’s a higher risk associated with your bet.
When Should You Consider This Type of Bet?
Now, you might be wondering when it’s a good idea to consider a bet with such high odds? Well, it depends on your risk tolerance.
If you’re willing to take a gamble on the underdog and you have a hunch they might pull off an upset, it could be worth considering.
However, always ensure you’re betting responsibly and only wager money you can afford to lose.
Finding the Most Profitable Odds
If you’re serious about sports betting, it’s crucial to find the most profitable odds.
There are numerous odds comparison tools available online that can help you do this.
For instance, OddsJam is a popular tool among bettors for comparing odds and finding the best value. However, remember that the highest odds also come with some risk.
So, there you have it! A straightforward guide to what +400 odds mean in sports betting.
The world of sports betting can be thrilling, but it’s important to understand what you’re getting into and to bet responsibly. Good luck!