Are you interested in sports betting but confused about the different types of bets? Plus minus betting, also known as point spread betting, is a popular and lucrative form of sports betting that can be a little tricky to understand at first. Don’t worry, though — in this comprehensive guide, we’ll break down everything you need to know about how plus minus betting works.
In plus minus betting, the sportsbook sets a point spread that offers a certain number of points to the underdog team and takes away the same number of points from the favorite team. The bettor then wagers on either the favorite to win by more than the point spread or the underdog to lose by less than the point spread. This means that even if the favorite team wins the game, they may still lose the bet if they don’t win by enough points to cover the spread.
But how is the point spread determined, and what factors can affect it? And how can you use plus minus betting to your advantage to increase your chances of winning? We’ll answer all of these questions and more in this guide. So whether you’re a seasoned sports bettor looking to expand your horizons or a beginner dipping your toe into the world of sports betting, read on to learn all about plus minus betting.
Understanding Plus Minus Odds
Before delving into plus minus betting, it's important to understand how plus minus odds work. Plus minus odds are a way of conveying the probability of an event occurring. Positive numbers indicate the underdog or less likely outcome, while negative numbers indicate the favorite or more likely outcome LeoVegas.
The number associated with each team or outcome represents how much money you would need to wager to either win $100 on a favorite or earn $100 on an underdog. For instance, a team with -200 odds would require you to wager $200 to win $100. Meanwhile, a team with +150 odds would result in a $150 payout on a $100 bet.
It's important to note that higher odds don't necessarily mean a more likely outcome. Instead, odds reflect how much money you could potentially win or lose based on the perceived likelihood of an event occurring. Betting on a heavy favorite with -500 odds may result in a smaller payout, but the perceived probability of that team winning is much higher than betting on an underdog with +500 odds.
- Positive Odds: A positive number indicates the underdog or less likely outcome, with the number representing the potential payout on a $100 bet.
- Negative Odds: A negative number indicates the favorite or more likely outcome, with the number representing the amount of money needed to wager to win $100.
Examples of Plus Minus Betting
Example 1: NFL Game
In an NFL game, the Patriots are playing the Jets. The line is set at Patriots -6.5 and Jets +6.5. If you bet on the Patriots, they must win by at least 7 points for you to win the bet. If you bet on the Jets, they must lose by less than 7 points or win the game outright for you to win the bet.
Example 2: NBA Game
In an NBA game, the Lakers are playing the Warriors. The line is set at Lakers -3.5 and Warriors +3.5. If you bet on the Lakers, they must win by at least 4 points for you to win the bet. If you bet on the Warriors, they must lose by less than 4 points or win the game outright for you to win the bet.
Example 3: NHL Game
In an NHL game, the Maple Leafs are playing the Canadiens. The line is set at Maple Leafs -1.5 and Canadiens +1.5. If you bet on the Maple Leafs, they must win by at least 2 goals for you to win the bet. If you bet on the Canadiens, they must lose by less than 2 goals or win the game outright or lose by exactly 1 goal for you to win the bet.
Example 4: MLB Game
In an MLB game, the Yankees are playing the Red Sox. The line is set at Yankees -1.5 and Red Sox +1.5. If you bet on the Yankees, they must win by at least 2 runs for you to win the bet. If you bet on the Red Sox, they must lose by less than 2 runs or win the game outright or lose by exactly 1 run for you to win the bet.
Example 5: UFC Fight
In a UFC fight, Jon Jones is fighting Daniel Cormier. The line is set at Jon Jones -190 and Daniel Cormier +150. If you bet on Jon Jones, you must bet $190 to win $100. If you bet on Daniel Cormier, you must bet $100 to win $150.
Example 6: Horse Racing
In a horse race, American Pharoah is racing against Frosted. The line is set at American Pharoah -300 and Frosted +250. If you bet on American Pharoah, you must bet $300 to win $100. If you bet on Frosted, you must bet $100 to win $250.
Example 7: Golf Tournament
In a golf tournament, Tiger Woods is favored to win. The line is set at Tiger Woods -150 and the field +130. If you bet on Tiger Woods, you must bet $150 to win $100. If you bet on the field, you must bet $100 to win $130.
The Importance of Bankroll Management
When it comes to gambling, one of the most important aspects to consider is bankroll management. Your bankroll is the amount of money you have set aside for gambling purposes. Proper management of this money can ensure that you don't lose more than you can afford and can help you stay in the game longer.
One key aspect of bankroll management is setting limits. This means that you should set a limit on how much money you are willing to spend on a particular betting session. This way, you can avoid getting caught up in the moment and risking more money than you can afford to lose.
Another important aspect is understanding your risk tolerance. This means understanding how much risk you are willing to take on in your gambling activities. This can help you make more informed decisions about when to bet and how much to bet.
Additionally, it's important to diversify your bets and not put all of your eggs in one basket. This means spreading out your bets across different sports, teams, or betting options. This way, if you bet on one game and lose, you still have other bets to fall back on.
Finally, it's important to track your wins and losses and adjust your betting strategy accordingly. If you find that you are losing more often than winning, it may be time to take a break or re-evaluate your strategy.
How to Calculate Winnings with Plus Minus Odds
Plus minus odds, also known as American odds, are a popular way to represent sports betting odds in the United States. Understanding how to calculate potential winnings with plus minus odds can help bettors make informed decisions when placing bets.
When working with plus minus odds, the odds are given in either a positive or negative number. A positive number represents the underdog or less likely outcome, while a negative number represents the favorite or more likely outcome.
To calculate potential winnings with plus minus odds, it's important to understand that the odds are based on a $100 bet. A negative number indicates how much money you would need to bet to win $100, while a positive number indicates how much money you would win if you bet $100.
For example, if the odds are +150 for a specific bet, this means that you would win $150 for a $100 bet. If the odds are -200, you would need to bet $200 to win $100.
It's important to remember that the odds can change leading up to the event based on a variety of factors, so it's important to keep an eye on the odds as they may influence your betting decisions.
Common Strategies for Plus Minus Betting
When it comes to plus minus betting, there are some common strategies that many bettors use to increase their chances of winning. These strategies include:
- Researching the Teams: Before placing your bets, it's important to research the teams to understand their current forms, injuries, and historical head-to-head statistics. This information can help you make informed decisions.
- Betting on Home Teams: In many sports, home teams have the advantage of playing in familiar surroundings and with the support of their fans. Betting on home teams can be a good strategy, especially when the odds are close.
- Comparing Odds Across Multiple Sportsbooks: Different sportsbooks may offer different odds for the same game or event. By comparing odds across multiple sportsbooks, you can find the best value and potentially increase your winnings.
- Using Bankroll Management: It's important to manage your bankroll and not bet more than you can afford to lose. Using a strategy such as the Kelly Criterion can help you determine how much to bet based on your bankroll and the odds.
- Betting Against the Public: Sometimes, the public consensus can be wrong. Betting against the public can be a risky strategy, but if you believe the odds are incorrect, it can lead to big payouts.
It's important to remember that no strategy is foolproof, and there is always a risk when placing bets. However, by using these common strategies, you can increase your chances of success and make more informed betting decisions.
Advantages and Disadvantages of Plus Minus Betting
One advantage of plus minus betting is its simplicity. The system is easy to understand and apply, making it accessible to both novice and experienced bettors. The use of plus and minus signs also allows for quick and easy comparisons between different betting options.
Another advantage is the flexibility it provides. Plus minus betting can be used in a wide range of sports and events, including team sports, individual sports, and even non-sporting events such as political elections. This versatility makes it a popular choice for many bettors.
However, there are also some disadvantages to consider. One of the main drawbacks is the potential for bias towards popular or dominant teams or players. Since plus minus betting focuses on the point spread or handicap, there may be times when a strong team is given unrealistic odds, making it difficult for bettors to find value in the bet. Additionally, the use of the same point spread for all games may not accurately reflect the individual strengths and weaknesses of each team.
Another disadvantage is the possibility of losing money due to unpredictable outcomes. While plus minus betting can provide opportunities for big wins, there is always a risk of losing money if the bet is not successful. This risk should always be taken into account when placing bets and should be managed carefully to avoid significant financial losses.
- Simple to understand and apply
- Flexible for use in a wide range of sports and events
- Allows for quick and easy comparisons between different betting options
- Potential for bias towards popular or dominant teams or players
- The use of the same point spread for all games may not accurately reflect the individual strengths and weaknesses of each team
- Possibility of losing money due to unpredictable outcomes
Factors to Consider When Placing Plus Minus Bets
Team PerformanceWhen placing a plus minus bet on a team, it's important to consider their recent performance. Have they won or lost their last few games? Are their key players injured or benched? These factors can greatly impact the team's performance and influence the outcome of the game.
Matchup StrengthAnother important factor to consider is the strength of the matchup. How do the two teams stack up against each other in terms of skills, strategy, and overall style of play? Analyzing past matchups between the two teams can also provide valuable insight into how the game may play out.
Home vs. Away GamesHome field advantage can greatly impact the outcome of a game, so it's important to consider whether the team is playing at home or away. This can affect the team's performance, as well as the amount of support they receive from fans.
Weather ConditionsWeather can also play a role in the outcome of a game, especially in outdoor sports such as football or baseball. Extreme heat, cold, wind, or rain can impact a team's performance and influence the final score.
Injuries and SuspensionsLastly, it's important to take into account any injuries or suspensions on the team. A star player being benched or sidelined due to injury can greatly impact the team's odds of winning, and therefore impact your plus minus bet.
Tips for Successful Plus Minus Betting
If you want to be successful in Plus Minus betting, there are a few tips that you should keep in mind.
1. Know the teams and their strengths: It is important to have a good understanding of the teams that you are betting on. You should know their strengths, weaknesses, and their history of performance.
2. Keep up with the latest news and updates: Make sure that you stay up to date with the latest news and updates about the team, injuries, and other relevant information that may have an impact on the game.
3. Stick to your budget: It is important to set a budget and stick to it. Don’t bet more than you can afford to lose. Plus Minus betting can be unpredictable, so it is important to be disciplined with your betting.
4. Check the odds: Make sure that you check the odds and understand what they mean before placing your bet. This can give you an idea of the potential payout and help you make an informed decision.
5. Don’t chase your losses: If you lose a bet, don’t try to immediately make up for it by placing additional bets. Take a break and reevaluate your betting strategy.
- Remember, successful Plus Minus betting requires patience, discipline, and a good understanding of the teams and their history.
Plus Minus Betting in Different Sports
Plus minus betting is one of the most popular forms of sports betting and can be found in a variety of sports. Let's take a look at how plus minus betting works in some of the most popular sports:
- Football: In football, plus minus betting refers to the point spread. The favorite team is assigned a negative number (minus) and must win by more than that amount to cover the spread. The underdog team is assigned a positive number (plus) and must either win outright or lose by less than that amount to cover the spread.
- Basketball: Plus minus betting in basketball is similar to football. The favorite team is assigned a negative number and must win by more than that amount to cover the spread. The underdog team is assigned a positive number and must either win outright or lose by less than that amount to cover the spread.
- Hockey: In hockey, plus minus betting refers to the goal spread. The favorite team is assigned a negative number and must win by more than that amount of goals to cover the spread. The underdog team is assigned a positive number and must either win outright or lose by less than that amount of goals to cover the spread.
- Baseball: Plus minus betting in baseball is slightly different. Instead of a point or goal spread, plus minus betting refers to the moneyline. The favorite team is assigned a negative number and must win the game outright, while the underdog team is assigned a positive number and must either win outright or lose by no more than that amount of runs.
Understanding how plus minus betting works in each sport can help you make more informed decisions when placing your bets. Always be sure to do your research and understand the odds before placing any wagers.
How Bookmakers Use Plus Minus Odds
Bookmakers use plus minus odds as a means of setting a betting line that will entice equal betting action on both sides of a particular contest. The plus minus odds system lists odds for a particular event in the form of a positive or negative number.
When a bookmaker sets the odds for a particular event, they are essentially trying to predict the likelihood of a certain outcome. They take into account numerous factors such as past performance, injuries, and weather conditions in order to set what they believe are fair odds for each team or individual involved.
Positive odds indicate the betting underdog, while negative odds indicate the betting favorite. For example, a betting line for a football game might look like this: Team A (+150) vs. Team B (-200). In this case, Team A is the underdog, so a bettor could potentially win more money if they bet on Team A and they win. On the other hand, Team B is the favorite, so a bettor would have to risk more money in order to potentially win less.
By using plus minus odds, bookmakers are able to set a balanced betting line that will encourage action on both sides of a particular event. This helps to ensure that the bookmaker will make a profit regardless of the outcome of the event by essentially taking a percentage of all bets made.
Overall, bookmakers use plus minus odds in order to create a betting line that is fair as well as profitable. They take numerous factors into account when setting odds and are constantly adjusting them as more information becomes available in order to keep the betting action balanced.
Alternative Bet Types Similar to Plus Minus
Plus minus betting offers a simple way to wager on a variety of sports, but there are also several other bet types that are similar in concept. One popular option is the moneyline bet, which involves betting on the outcome of a game straight up, without any point spread. This can be a good choice if you have a strong feeling about the outright winner of a game.
Another option is the point spread bet, which is similar to plus minus betting but involves a more precise prediction of the margin of victory. In this type of bet, the sportsbook sets a point spread that the favored team must win by in order for you to win the bet. The underdog team, on the other hand, must either win the game outright or lose by less than the spread for you to win the bet.
Future bets are also similar to plus minus bets in that they involve predicting the outcome of a future event. Instead of betting on individual games, however, future bets typically involve wagering on the winner of a tournament or championship before it begins. This can be a great choice if you have a strong feeling about which team or player will come out on top.
Finally, prop bets are another option that are similar to plus minus betting in that they involve betting on specific outcomes within a game. Prop bets can range from predicting who will score the first basket in a basketball game to how many yards a quarterback will throw in a football game. These types of bets can be a fun way to make the game more exciting and potentially win some money in the process.
The Future of Plus Minus Betting
As the sports betting industry continues to evolve, so does the future of plus minus betting. With the legalization of sports betting in many states, more people are joining in on the action and placing bets on their favorite teams and players. However, with technology rapidly advancing, the way in which people bet on sports may undergo some significant changes.
One potential change is the use of artificial intelligence (AI) to help make more accurate predictions and improve betting strategies. AI can analyze large amounts of data and identify patterns that may not be noticeable to a human bettor. This could potentially lead to more profitable bets and better overall betting experiences.
Another trend in the future of plus minus betting is the rise of mobile betting. With more people accessing the internet through their mobile devices, sportsbooks are making their platforms more mobile-friendly, allowing users to place bets on the go. This convenience factor has already led to an increase in mobile betting, and it is expected to continue to grow in popularity.
Finally, the future of plus minus betting may see more diverse types of bets being offered. In addition to traditional point spread and moneyline bets, sportsbooks may begin to offer more prop bets, live betting, and other specialty bets. This allows bettors to have more options and bet on more than just the outcome of a single game.
Overall, the future of plus minus betting looks to be filled with innovation and new opportunities for both sportsbooks and bettors. As technology continues to advance and more states legalize sports betting, there will likely be even more changes and developments in the industry to look forward to.
Risks and Liabilities of Betting With Plus Minus System
While plus minus betting can offer significant rewards, it is important to recognize that there are also considerable risks involved. Whenever you place a bet, you are essentially using your own money to predict the outcome of an event with an uncertain outcome. As a result, there is always a chance that you will lose your money.
One of the biggest risks of plus minus betting is that it can be difficult to accurately predict the outcomes of events. No matter how much research you do or how much you know about a particular sport or team, there is no way to guarantee that your predictions will be correct. This means that you must be prepared to accept losses as part of the gambling process.
Another potential liability of plus minus betting is that it can be highly addictive. Because of the thrill and excitement that comes with the possibility of winning big, some individuals may find themselves becoming obsessed with betting and spending more money than they can afford. This can lead to financial problems and may even require professional treatment to overcome.
Finally, it is worth noting that gambling laws and regulations can vary widely depending on your location. Some jurisdictions may restrict or even prohibit certain forms of gambling, which could result in legal problems if you are caught participating in those activities. So, before you start betting with the plus minus system, make sure you are well aware of all applicable laws and regulations in your area.
Comparing Plus Minus Betting to Other Betting Types
When it comes to sports betting, there are many different types of bets you can place. Plus minus betting, also known as point spread betting, is one of the most popular types. But how does it compare to other types of betting?
Straight Up Betting:
Straight up betting, also known as moneyline betting, is a straightforward type of bet where you simply choose which team you think will win. Unlike plus minus betting, straight up betting does not take into account the margin of victory. This makes it a simpler and potentially less risky form of betting, but also means there is less potential to win big.
Over/under betting, also known as totals betting, involves betting on the total number of points scored in a game by both teams. This type of betting is similar to plus minus betting in that you are betting on whether the outcome will be above or below a certain number. However, over/under betting does not involve a point spread, making it a simpler type of bet.
Futures betting involves betting on the outcome of a sporting event that will take place in the future, such as the winner of a championship. This type of betting can be more long-term and potentially more lucrative than plus minus betting, but it also involves a lot more uncertainty and risk.
Proposition betting, also known as prop betting, involves betting on individual events or outcomes within a game, such as which player will score the first touchdown. This type of betting is very different from plus minus betting, as it is not based on the overall outcome of the game. Prop betting can be a fun and exciting way to bet on sports, but it also involves a lot of guesswork and unpredictability.
Frequently Asked Questions about Plus Minus Betting
What is plus minus betting?
Plus minus betting, also known as point spread betting, is a type of wagering where a handicap is placed on the favored team in a sporting event. The handicap is given in points, and the objective of the bettor is to predict whether the favored team will win by more points than the handicap, or whether the underdog will lose by fewer points than the handicap, or win the game outright.
How is the handicap determined?
The handicap is determined by oddsmakers, who are responsible for setting the lines for the game. They take into account various factors, such as the team's current form, injuries, home field advantage, and weather conditions, among others, to arrive at a fair and balanced line that will attract action from both sides.
What does the plus and minus sign mean?
The plus sign indicates the underdog and represents the number of points they are receiving. For example, if the line is +5, it means the underdog is getting five points. The minus sign represents the favored team and the number of points they must win by to cover the spread. For example, if the line is -7, it means the favored team must win by at least seven points to cover the spread.
What is a push?
A push occurs when the final score falls exactly on the point spread. In this case, neither the favorite nor the underdog covers the spread, and the bettor's wager is returned.
Is plus minus betting popular?
Yes, plus minus betting is one of the most popular types of sports betting, especially in North America. It is offered on a wide range of sports, including football, basketball, hockey, and baseball, among others. It is also a popular form of betting for casual bettors, as it provides a way to bet on games without having to predict the winner outright.
Is plus minus betting profitable?
Like all forms of sports betting, plus minus betting can be profitable if done correctly. It requires a good understanding of the game and the ability to identify value in the lines. However, it is important to remember that there is always risk involved, and no bet is a sure thing.
Resources for Plus Minus Betting
When it comes to plus minus betting, there are plenty of resources available online to help you understand the concept and make informed decisions. Here are some helpful resources to consider:
- Sportsbooks: The first and most obvious resource for plus minus betting is a sportsbook. Most online and physical sportsbooks offer plus minus betting options and can provide helpful information and odds.
- Online forums: Online forums dedicated to sports betting can be a great resource for discussing plus minus betting strategies with other enthusiasts and getting feedback on your ideas.
- Betting blogs: Many blogs dedicated to sports betting cover plus minus betting in depth, providing tips, advice, and analysis on the latest games and matchups.
- Sports news websites: Keeping up with the latest sports news can help you make informed decisions when it comes to plus minus betting. Check out websites like ESPN or Sports Illustrated for the latest news, analysis, and expert opinions.
- Statistics websites: Finally, there are many websites that provide in-depth statistics on teams, players, and matchups that can help inform your plus minus betting decisions. Some popular options include Pro-Football-Reference, Basketball-Reference, or Baseball-Reference.
By utilizing these resources, you can gain a better understanding of plus minus betting and make more informed decisions when it comes to placing bets.