Are you afraid of seeing the plus and minus signs in sports betting and wondering what they imply? If this concerns you, we might be of great help to you. 

Sports betting consists of various bet types such as money lines, totals, spread, teasers, parlays, and many more. You can easily place all these bets on multiple sports and events and enjoy making money on these. 

But before that, you should figure out about the plus-minus betting. Only then will the betting prove to be a fruitful experience if you have the know-how of betting. Let us discern plus-minus betting and the things it implies.

The plus and minus signs in betting 

Usually, the money line odds often see the plus and minus signs concerning the odds. It is normal for the bookmakers to assign numerical values or odds to a team so that bettors know whether the team is going in profit or loss.

Plus and minus in money lines. 

The main purpose of sports betting odds is to represent the likelihood or probability of a particular outcome. Usually, the odds are of three kinds: Moneyline, decimal, or fractional odds. 

Decimal odds 

The decimal odds depict the amount you win for every $1 you wagered. These are up to two decimal places. You can get to know your total payout, making the calculation easier. The bettors find it easy to use the decimal odds out of all the other formats. 

Owing to its easy nature, many betting sites have decimal odds on it. The decimal odds are usually expressed as 2.19 and so on. 

Fractional odds 

The sports betting odds witnessed by you are based on historical stats, plays, and others. Fractional odds are either expressed with a slash or hyphen such as 7/1. It means that you can win $7 for every $1 bet, including your initial bet. 

Moneyline odds 

You'll see the plus and minus signs in betting in money line odds. Whether the team enjoys any chance of winning the bet or not will be reflected by the money line odds. For instance, the odds for the Indiana Pacers and the Los Angeles Lakers for an NBA match are as follows. 

Indiana Pacers +150

Los Angeles lakers -180

Such positive and negative signs can make or break your betting success. By looking at these signs, you'll get to know about the favorite or underdog. In the example discussed above, it is evident that the Los Angeles Lakers are a favorite, and the Indiana Pacers are an underdog. 

Once figuring out your favorite underdog, the odds also tell you whether you should go with the particular bet or not. Along with this, one thing to bear in mind by all the bettors is that you don't always have to wager $100. The amount simply depends on the way you wish to manage your bankroll. 

Plus sign ( underdog ) 

Potential profit = bet x ( odds/100 ) 

The minus sign ( favorite ) 

Potential profit = bet / ( odds/100 ) 

Plus and minus signs in spread betting. 

Plus and minus signs are found in Moneyline betting and spread betting. The point spread bet refers to the bet placed on the margin of the victory of a particular sporting event. Some bettors also refer to point spread as a puck line. 

Usually, it depends on the teams' final scores whether you'll win the point spread bet or not. Let us see the illustration below for a better understanding. 

New England Patriots -1.5 

Atlanta Falcons +1.5 

As seen above, the Patriots are the favorites, and the Falcons are the underdog. Likewise, there are other sports bets, such as futures, parlays, teasers, over/under, and many more. 

Conclusion 

After going through the post mentioned above, the concept of plus-minus betting must be clear to you. By discerning the favorite and underdog, it'll be clear to you whether the bet is worth placing or not. Consequently, take the wise decision and then confirm your bet.