What Does "+" Mean in Betting? A Comprehensive Guide for Beginners and Seasoned Bettors

In the realm of sports betting, symbols such as "+" or "-" can be quite confusing to those who are new to the game. Fear not, dear reader, for in this exhaustive guide, we shall embark on an illuminating journey to demystify the elusive "+" symbol and its significance in the exciting world of betting.

The Essential Meaning of "+"

In the context of betting odds, the "+" symbol stands for a positive outcome. When you encounter a betting line with a "+" sign next to the number, it indicates that you stand to gain a profit if your wager proves successful. Let's break it down with an example:

Example:

Suppose you're placing a wager on a basketball game between the Golden State Warriors and the Cleveland Cavaliers. The betting line may read something like this:

• Golden State Warriors -550
• Cleveland Cavaliers +350

The "+" sign next to the Cavaliers' odds indicates that you will receive a profit of $350 for every $100 you bet on them if they emerge victorious.

Types of "+" Bets

The "+" symbol can be associated with three primary types of bets:

1. Moneyline Bets: In moneyline bets, you simply wager on which team or individual will win a game or event. The "+" sign will appear next to the underdog's odds.
2. Spread Bets: Spread bets involve determining whether the favored team or player will win by a margin greater or lesser than the specified point spread. Again, the "+" sign will accompany the odds of the underdog's victory against the spread.
3. Totals Bets: Totals bets focus on predicting whether the combined score of both teams or individuals involved will exceed or fall below a certain number. The "+" sign will appear next to the odds of the over result.

Calculating Your Potential Winnings

To calculate your potential winnings from a "+" bet, simply multiply the amount you staked by the decimal equivalent of the odds.

Formula:

Potential Winnings = Stake x (Decimal Odds - 1)

Example:

If you bet $100 on the Cleveland Cavaliers at +350 odds, your potential winnings would be calculated as follows:

Potential Winnings = 100 x (3.50 - 1) = $250

Tips and Tricks for "+" Bets

1. Research Thoroughly: Before placing any "+" bets, it's crucial to conduct extensive research on the teams or individuals involved. Look at their past performances, head-to-head records, and current form.
2. Consider the Underdog: While it's tempting to chase the high odds offered by underdogs, remember that they are underdogs for a reason. Carefully assess their chances of winning before placing a bet.
3. Manage Your Bankroll Wisely: Never bet more than you can afford to lose. Set a budget for your betting activities and stick to it religiously.
4. Hedge Your Bets: If you're feeling particularly confident in a certain outcome, you can hedge your bets by placing small wagers on both sides of the equation. This can mitigate potential losses if the unexpected happens.
5. Don't Forget the Vig: When calculating your potential winnings, don't forget to factor in the "vigorish" (vig), which is the commission charged by the sportsbook on each bet.

Common Mistakes to Avoid

1. Chasing Losses: The worst thing you can do is chase your losses by placing larger bets in an attempt to recoup them. This is a recipe for financial disaster.
2. Ignoring the Vig: Many bettors make the mistake of ignoring the vig when calculating their potential winnings. This can lead to unpleasant surprises when they realize they've won less than they expected.
3. Betting on Emotion: Never let your emotions cloud your judgment when placing bets. Make your decisions based on sound reasoning and research, not on gut feelings or personal biases.

Step-by-Step Approach to "+" Betting

1. Identify the "+" Bets: Scan the betting lines for events or outcomes that have a "+" sign next to their odds.
2. Analyze the Odds: Determine the potential profit and likelihood of success for each "+" bet.
3. Allocate Your Bankroll: Decide how much of your bankroll you are willing to risk on each "+" bet.
4. Place Your Wagers: Place your bets at reputable sportsbooks that offer competitive odds.
5. Monitor Your Bets: Keep track of your bets and the progress of the events or outcomes involved.

Conclusion

The "+" symbol in betting represents a positive outcome, indicating that you will receive a profit if your wager is successful. By understanding the different types of "+" bets, calculating your potential winnings, and avoiding common mistakes, you can increase your chances of profitability in the exciting world of sports betting. So, next time you see a "+" sign next to a betting line, don't be afraid - embrace the opportunity to potentially strike gold!