what does -500 or longer mean in betting

Explanation of betting odds
- -150: You must bet $150 to win $100.
- +100: You would earn $100 on a successful $100 wager.
- -500: The team is an underdog by 500 points.
Explanation of matched betting
- 10 to 1: You would receive ten times the amount of your original bet as profit if you win.
Explanation of point spread
- -1.5: The favored team must win by two points or more for you to win the bet.

Short and Long Odds in Betting

Explanation of betting odds and how they relate to the likelihood of a team winning or losing a game
- Oilers +1.5 means they’re slightly more likely to win or tie
- This is as close to a sure win as possible
- Bet $150 to win $100 (-150)
- Earn that amount on a successful $100 wager (+)
Explanation of matched betting and its benefits
- A betting strategy where you place two bets, one to back a team and another to lay them, ensuring a profit regardless of the outcome
- You end up with half the amount you bet as your winnings, plus your stake back
Explanation of Sports Betting Odds: What Does -110 Mean?
- You need to bet $110 to win $100 (-110)
- Odds determine how much you win based on the amount of your wager
- American odds format

Explanation of point spreads in sports betting
- Point spreads are used to determine the likelihood of a team winning or losing a game.
- A negative number (-X) indicates the favorite team, which is expected to win by that number of points.
- A positive number (+X) indicates the underdog team, which is expected to lose by that number of points.
- For example, Oilers +1.5 means they are slightly more likely to lose by 1.5 points or less.
Understanding odds in sports betting
- Odds are used to determine the payout for a winning bet.
- A negative number (-X) means you must bet $X to win $100.
- A positive number (+X) means you would earn $X on a successful $100 wager.
- For example, -150 means you must bet $150 to win $100.
Explanation of matched betting
- Matched betting involves placing two bets, one on each outcome of an event, to guarantee a profit regardless of the outcome.
- It requires careful planning and understanding of betting odds and bookmaker rules.
Explanation of -110 odds in sports betting
- -110 odds mean you must bet $110 to win $100.
- It is a common odds format in American sports betting.
- The odds are often referred to as the ‘price’ of a bet.