The most basic level, betting provides you with the ability to predict the outcome of a certain event, and if your prediction is correct, you will win money.

Thus, odds of 3 to 1 mean the first party (the bookmaker) stakes three times the amount staked by the second party (the bettor). In gambling, odds represent the ratio between the amounts staked by parties to a wager or bet. At first, it may appear confusing, however, read our guide and let us explain it to you. It’s critically important because it allows you to understand how likely an event is to happen, and what your potential winnings will be. If you’re new to betting, one of the first things you should do is learn how betting odds work.

Our comprehensive guide takes you step-by-step to explain them.

However, at first, they may seem confusing and complex.

They also tell you how much money you will win.

Betting odds tell you how likely an event is to happen.

This is the same format as Handicap betting in soccer, basketball, the NFL or any other sport - the bookmaker gives. In this case the bettor can bet on Barcelona to win 9 or more corners in the match at odds of 1.890 or on Barcelona to win 8 or less corners also at odds of 1.890. If the score is exactly what the bookies set, then the bet is a push and everyone gets their money back. If the O/U is 198.5 points and you bet over, then any combined score from 199 points and up will pay out. Over/Under bets are often less risky and complicated than other forms of betting. Money management: Any strategy used by a bettor for making the most of his. If the favorite wins by exactly 3 points, both bets win.) Money line: The odds on a team winning a game outright, regardless of the point spread. (Example: Bet a football favorite at minus 2 ½, then bet the underdog at plus 3 ½ at another book or later in the week.

What Does 'plus' And 'minus' Mean In Sports Betting?.

If you think someone is going to finish it before the last 2.5 minutes, bet the under. If you think that the fight is going to go to the judges, bet the over. As most fights outside of Championship events are 3 rounds, you’re basically betting if the fight is going to have a stoppage or go the distance.

Betting what does plus and minus mean