• What Does Plus 11 Mean In Betting
• What Does Plus 10 Mean In Betting Odds
• What Does Plus 9 Mean In Betting
• What Does Plus 100 Mean In Betting
• What Does Mean In Betting

Point spread betting is the most popular form of sports betting. The vast majority of sports wagers use a point spread thanks to the popularity of football and basketball. Even though this type of betting is so popular, it may take awhile to understand.

The point spread is sometimes known as an equalizer for sportsbook operators. All teams aren’t created equally, so sportsbooks can create a point spread for a game so that each team playing has an almost even chance of winning the game. In a way, the point spread will even the field for both teams.

What does -7 and +7 mean in NFL betting? A spread of minus-seven (-7) means that a is favored to win the game by a touchdown (technically, a touchdown and the extra point). A team favored by -7 must win the game by eight or more points to win the bet. If the team wins by seven, the result is a “push” and the bet. That doesn't mean you have to bet 100 dollars, it just uses that as a marker to tell the payoff. So +2000 means a 100 dollar bet will pay you 2000 dollars, plus your money back, so its 20 to 1. You don't have to bet $100, you can bet $5 and that will pay 20 to 1 so your payoff if you win the bet will be $100.

The point spread gives a reason for bettors to risk money on both teams. The better team playing in the game is considered favorite. They have to win by the point spread offered by the sportsbook. The favorite in a game is listed as being minus (-) the point spread.

The worse of the teams playing in the game is called the underdog. The bettor wins if this team wins the game outright or loses by an amount smaller than the point spread. The underdog in a game is listed as being plus (+) the point spread.

Let’s use this past Super Bowl between the Tampa Bay Buccaneers and Kansas City Chiefs as an example.

Using this example, the Chiefs were 3-point favorites over the Buccaneers. The Chiefs needed to win by 4 or more points to cover the spread.

Likewise, the Buccaneers were 3-point underdogs. That means the Buccaneers needed to win the game outright or not lose the contest by 4 points or more. At Chiefs -3, if they won by exactly 3 points, the betting result would have been a “push” and bettors for both sides would have gotten their wagers refunded.

The Buccaneers pulled off the upset, winning by a score of 31-9, and rewarded bettors who backed them at +3.

Point spread betting odds

Point spreads are usually set with -110 odds, but pricing often fluctuates at online sportsbooks. This is the sportsbook operators’ house edge. The odds guarantee the sportsbook operator will see a little money over time. When the odds are set at -110, the bettor must wager $110 to win $100 (or $11 to win $10).

The odds on a point spread are most commonly known as the vigorish or “vig” for the sportsbook. You might hear this small profit margin for the sportsbook called the “juice” by some sports bettors.

Point spread FAQs

What does ‘pick em’ or ‘pick’ mean in NFL betting?

A “pick em” (sometimes seen as “pick”) is when the teams have a point spread of zero, meaning neither team is favored. In this instance, you’re essentially picking moneyline and your bet will be determined on the winner alone.

What does -7 and +7 mean in NFL betting?

A spread of minus-seven (-7) means that a is favored to win the game by a touchdown (technically, a touchdown and the extra point). A team favored by -7 must win the game by eight or more points to win the bet. If the team wins by seven, the result is a “push” and the bet is refunded.

A spread of +7 means the team must win the game or lose by fewer than seven points to win the bet. A loss by seven would result in a push.

What does -3 and +3 mean in NFL betting?

A -3 spread means that the favorite must win by more than a field goal to win the wager. A three-point win would result in a push and the sportsbook would refund the wager.

A spread of +3 means the team listed as the underdog must win the game or lose by fewer than three points to cash the bet. A three-point loss would be graded as a push by the sportsbook and the bet would be refunded.

Why are point spreads in the NFL so much lower than in college?

In 2019, the Baltimore Ravens led the NFL in point differential per game at +13.7 points; the Miami Dolphins ranked last in the NFL in point differential per game at -11.7. Even Kansas City– known for their explosive offense– had an average point differential in 2019 of just 9.7 points. The net point differential in the NFL is -14.1, or -0.9 points per game. Basically, the talent differential in the NFL is so minute that even mismatched teams often draw games within a score of each other.

NFL spreads are most commonly between one point and four, with six being a heavy favorite and extremes coming out around 15-20 point favors. (For those wondering, the 1941 Chicago Bears hold the NFL record of point differential at +15.7 points per game. Conversely, Ohio State had a +33.1 average point differential in 2019.)

Point spread and odds movement

Sportsbook operators often aim to have equal money on both sides of a point spread. When the money is exactly split the sportsbook operator will see the exact vigorish as their profit margin. If all things are equal over time this will maximize how much money the sportsbook operator can make.

What Does Plus 11 Mean In Betting

In an effort to have equal money on both sides of a wager, the sportsbook operator will move the point spread to attract money on the side that customers aren’t betting on. The odds for a point spread might change before the actual point spread. There are certain point spread numbers, like 3 and 7 in football, the sportsbook operators would like to avoid moving away from since the final score margin falls on these two numbers most often.

For example, if a lot more money is wagered on the New England Patriots -3, the vig may shift from -112 to -115 and -120 before the line moves to -3.5.

Run and puck lines

Football and basketball games are mostly bet using a point spread. The less popular major sports, baseball and hockey, are mostly bet using a moneyline. In an effort to make baseball and hockey more appealing to point spread bettors, the sportsbook operators offer run and puck lines, respectively.

These alternative lines give point spread bettors a chance to wager on other sports using a more familiar method of betting. Since points (runs and goals) aren’t as easy to come by in baseball and hockey, the odds with the lines may have a wider spread than a football or basketball game.

The odds converter tool in this page will convert odds from any of the three main formats into the other formats.
It will also calculate the relevant implied probability too.
To use it, simply enter the odds you wish to convert in the appropriate box, and then click the “Convert Odds” button. It’s as easy as that!

If you came to this page specifically looking for a tool to
convert odds, then it’s likely that you already have a
fundamental understanding of what odds are and how they work in
relation to sports betting. If this is a subject that you’re not
particularly familiar with, however, then you might want to read
the following article from our beginner’s guide to sports
betting.

Overview of Different Odds Formats

If you live in the United States, then simply knowing the
moneyline odds will suffice, as this is the primary format used
by the limited number of gambling sites available for US
residents. Likewise, if you live in the United Kingdom, then you
only really need to know how fractional odds work. If you live
in Europe, then the decimal format is the one that will be most
important for you to understand.

With all that being said, it’s still a good idea to be
familiarized with how each format works. Many online betting
sites will allow you to choose the format that their odds are
displayed in. Please keep in mind that the conversation may
round in their favor.. For example, most US friendly sites offer
moneyline odds of -110 when betting points spreads. If you
choose to bet in the decimal format instead, then you’ll often
be given odds of 1.90. The true conversion is 1.9091 though, so
you’ll potentially lose a small percentage of your winnings if
you bet based on their conversion.

Therefore, it can be an advantage to use the primary format
offered by an online bookmaker, which is why it pays to make
sure you understand each of the different formats. We’ve
explained them all below for you.

American Odds/Moneyline Odds

Odds in this format are expressed as either a positive number
or a negative number. When they are a positive number, the
number represents how much in winnings is paid per $100 staked.
The following examples illustrate how positive moneyline odds
work.

When they are a negative number, the number represents the
amount of money that needs to be staked in order to win $100.
The following examples illustrate how negative moneyline odds
work.

Please see our article on calculating payouts from moneyline
odds for details on how to work out the potential winnings from
wagers using this format.

Decimal Odds

This is the most popular odds format outside of the United
States and is sometimes referred to as European odds. It’s a
very simple format where the odds are expressed as a single
positive number, usually to two decimal places. This number
states how much a winning bet returns (including the initial
stake) for each unit wagered. The following examples illustrate
the decimal format in practice.

Our article explaining how to calculate payouts from decimal
odds will teach you how to work out the potential returns from
wagers placed using this format.

Fractional Odds

Fractional odds are mostly used in the UK, but lately the
decimal format has been becoming more popular. Odds in this
format are displayed as a fraction, as the name suggests. The
first number of the fraction shows how much you can win per the
second number staked. This sounds more complicated that it
actually is and the easiest way to understand this format is
simply to look at some examples.

Please note that when the second number of the fraction is
higher than the first, it means the odds are less than even
money. This is referred to as odds on (as opposed to odds
against), and is the equivalent of when moneyline odds are a
negative number or when decimal odds are a number less than 2.

Odds Conversion Math

Our conversion tool is the easiest way to change odds between
formats but there will be times when you don’t have access to
it. When you’re at a Las Vegas sportsbook or a high street
bookmaker, you may need to be able to do these conversions in
your head. For this reason, we’ll run through the math required
to convert each format into all of the other formats.

Converting Moneyline Odds

To Decimal

The calculations required to convert from moneyline odds
changes depending on whether the odds are positive or negative.
To convert positive odds into decimal odds, the following
calculation is required.

Example: Converting +175

(+175 + 100) / 100 = 2.75

For negative odds, we ignore the minus symbol and use the
following formula.

What Does Plus 10 Mean In Betting Odds

Example: Converting -110

(110 + 100) / 110 = 1.909

To Fractional

When converting from the moneyline format into the fractional
format, the calculations again depend on whether the odds are
positive or negative. To convert positive odds, you simply
create a fraction by putting the relevant number over 100 and
then simplifying the fraction if possible.

300/100 is simplified to 3/1

To convert negative odds, you create a fraction by putting
100 over the relevant number (ignoring the negative sign).
Again, you then need to simplify the fraction if possible.

100/110 is simplified to 10/11

Converting Decimal Odds

What Does Plus 9 Mean In Betting

To Moneyline

The method required to convert the decimal format over to the
moneyline format is dependent on whether the odds are greater
than 2.0 or not. We’ll look at how to convert odds of 2.0 or
less first. To start with, you have to carry out the following
calculation.

After doing this calculation, the odds are rounded and a
negative sign must be added.

100 / (1.95 – 1) = 105.25

To convert odds of greater than 2.00, you must start with the
following calculation.

To convert odds of greater than 2.00, you must start with the following calculation.

You then add a positive sign to the result, as shown in this
example.

(2.45 – 1) x 100 = 145

Positive sign added = +145

To Fractional

The first step in converting from decimal to fractional
format is to create a fraction by using the formula.

This will often create a fraction that includes a decimal,
which isn’t a proper fraction. To overcome this, the next step
is to multiply both sides of the fraction by 100. Finally, the
fraction needs to be simplified. The following example
illustrates this better than any written explanation can.

(1.45 – 1) / 1 = 0.45/1

Multiply both sides by 100 = 45/100

Simplified = 9/20

Converting Fractional Odds

Before we get into the math involved here, you need to
understand the terms numerator and denominator. In this context,
the numerator is the first number in the fraction and the
denominator is the second number in the fraction. With odds of
2/1, for example, 2 is the numerator and 1 is the denominator.

To Moneyline

There are two methods needed for converting from the
fractional to the moneyline format. The first is for when the
numerator is greater than the denominator. The following formula
needs to be used in the beginning.

A positive sign then needs to be added to create the
moneyline odds, as per the following example.

(6 / 4) x 100 = 150

Positive sign added = +150

The second method is for when the denominator is larger than
the numerator. In these cases, the following formula needs to be
used.

A positive sign then needs to be added to create the correct
moneyline odds. This is illustrated in the following example.

100 / (2 / 5) = 250

Negative sign added = -250

To Decimal

Converting odds from the fractional format to the decimal
format is relatively simple and it requires just the following
formula.

(11 / 10) + 1 = 1.10

Implied Probability Explained

Implied probability in relation to sports betting is
basically the implication of the odds as it relates to the
chances of an outcome happening. We’ll cover this in more detail
shortly, but first let’s look at how to calculate it. It’s
easiest to determine implied probability from odds in the
decimal format, using the following simple formula.

What this example shows us is that the implied probability of
2.50 odds is 0.40 (or 40% if expressed as a percentage). This
means that odds of 2.50 on any possible outcome imply that the
chance of that outcome happening is roughly 40%. So if, for
example, a tennis player is at 2.50 to win an upcoming match,
the implication is that he has a 40% chance of actually winning
that match.

You can read more about implied probability in this article on probability in sports betting. The article also
covers expected value, which is a related topic that you should definitely learn about if you want to be a
successful bettor.

Understanding Vig

When looking at the odds set by bookmakers, it’s important to
recognize that implied probability is rarely an entirely
accurate reflection of the real chances of a wager winning. This
is because bookmakers always try to set the odds at levels that
are lower than they actually should be in relation to real
probability. If their view was that a soccer team had a 60%
chance of winning a match, for example, they wouldn’t offer odds
that exactly reflected that chance. Their odds would be lower,
as this is how they make money successfully.

What Does Plus 100 Mean In Betting

By reducing the odds relative to the probability of an
outcome happening, bookmakers effectively charge a commission
for every wager they take. This commission is known as vig,
which is short for vigorish. It can also be referred to as the
overround or juice. It’s similar in some respects to the house
edge in casino games and it’s basically what gives the
bookmakers an advantage over their customers.

What Does Mean In Betting

What sets the bookmakers’ advantage apart from the casinos’
advantage is that, unlike the house edge, it can be overcome. In
order to overcome it, though, you first need to understand
exactly how vig works and the effect it has in sports betting.
You should visit our page on the subject of how bookmakers make
money, as this is all about the methods that bookmakers use to
ensure they are profitable. Charging vig is one of these methods
that we explain thoroughly.