what does 2+ mean in betting January 24, 2023 – Posted in: Featured Articles

What exactly do + and – in sports betting mean?

In sports betting, the plus (+) and negative (-) can be used to denote either the point spread or the betting odds. The “-” in the spread always denotes the favourite, whereas the “+” always denotes the underdog. For instance, you can wager on the Green Bay Packers as a +7 point underdog or the Dallas Cowboys as a -7 point favourite to defeat them. You win your wager if you bet on the Cowboys to win by more than seven points. Similarly, if you bet on the Packers +7, you win your wager if they win by more than seven points or lose by fewer than seven.

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Though favourites don’t usually carry a “-,” especially in sports like baseball, hockey, or soccer where outcomes are sometimes determined by one run or one goal, it’s similar to betting odds. This is especially true of soccer, where games can conclude in draws but practically every other sport requires a winner to be announced after overtime. The underdog will always have a “+” in front of its money line odds, whereas the favourite will typically have a “-” there.

You may wager on the Eagles as a -150 favourite to win or the Giants as a +180 underdog to win using money line betting odds. You would win $166.70 on a $100 wager on the Eagles to win at -150. The payout would be $280 if you bet on the Giants to win at +180 because they are the underdog.

Arsenal could be a +150 favourite against Everton as a +190 underdog in a sport like soccer, while the draw would be placed at +220. Because the teams are even and there are three possible outcomes as opposed to only two for something like football, the payout would be reasonable in this circumstance (unless they go scoreless in overtime).

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The team with the lower number is the favourite in this scenario where both teams’ odds have a ” + ” before them. The payout is usually smaller when betting on the favourite on the money line due to the lower number. While a $100 wager on Everton +190 would return $290, a $100 wager on Arsenal +150 would return $250. Additionally, a $100 wager on the draw at +220 would return $320.

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What does “double bet” mean?

Before the World Cup, you should know everything there is to know about the common double bet, including how to place it and calculate the odds. 

One of the simplest multiples that a bettor may place is a double bet, which consists of merely two outright or single bets with their odds merged into one. It is a common kind of wagering and ought to stay so during this year’s World Cup.

A double wager must be successful on both picks in order to win. However, you will lose the wager if either one or both of your choices fail to win.

The odds of a double bet are better than those of two single bets, but the danger of losing is higher because you must win on both picks to receive your profits.

Numerous sports, including rugby, football, tennis, horse racing, and double bets are all common in doubles.

This is not expected to change during the World Cup, particularly during the hectic group stage when four matches are scheduled daily.

How are the odds for a double bet calculated?

The odds for a double wager are calculated by adding the odds of every single wager together to get the odds for your double wager. The second technique to calculate double bet odds is to stake the winnings from your first wager on the second option.

A double-bet scenario

You’ve wagered £5 on a double wager: 4/1 on Portugal to defeat Brazil and 2/1 on England to defeat France. These are the odds for this double wager:

4/1 x 2/1 = 14/1

Although the multiplication may appear strange, keep in mind that your stake is increased to each portion of the wager. So

£5 at 4/1 equals £25 (£20 in winnings plus £5 in bets);

$50 in winnings at 2/1, plus a $25 wager, equals £75.

You will have a double-bet winner if Portugal and England each win their games in 90 minutes. Your double bet will be lost if one or both of your picks draw or lose.

Winnings from a successful double bet: £5 stake times 4/1 times 2/1 = £70 profit plus £5 stake.

If you make a double wager at each-way odds on, say, two horses, you will need both of them to win in order to receive your whole profits. However, if both horses finish in the top three, you’ll also get paid.

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An each-way double bet is what?

In horse racing, an each-way double is frequently utilised. It entails selecting two contenders, each in a different race, and putting two double wagers—a win double and a place double. The place double requires both horses to finish in the money, but the win double requires both horses to win.

Your stake will double because you are placing two bets in one, so a £10 investment would increase to £20 to cover the win double and place double. One-fifth of the original odds make up the place double odds.

This is an illustration of an each-way double wager. If you staked £10 on two horses, 7/4 and 5/1, respectively. The maximum amount you might win is £192. That amounts to £27 for the place part, including the place stake as it multiplies, and £165 for the win part, including your stake money as it multiplies.

If both horses win, the double bet’s win and place portions are successful, and you will receive £193.75.

Win £10 at 7/4 for £17.50 profits plus £10 bet for $27.50.

£27.50 @ 5/1 = £137.50 in winnings plus £27.50 in bets equals £165.

Place a £10 bet @ (7/4 x 1/5) for a total of £13.50 ($3.50 wins + £10 bet).

£3.50 @ (5/1 x 1/5) = £7 in winnings plus £10 in bets equals £27.

If one horse wins and the other finishes second or third, you will lose the win portion of your wager but earn the place portion. You’ll get £27.

If both horses finish in the top three, you will forfeit the win portion while winning £27.

You will lose both bets on your double if one or both of the horses fail to win or place.

2+ in Betting FAQs
  • What do + and – stand for in sports betting? 

The symbols plus (+) and minus (-) can be used in sports betting to represent either the point spread or the betting odds. In a spread, the favourite is always denoted by a “-,” whereas the underdog is always denoted by a “+.”

  • What’s the role of favourites regarding + and – signs in sports betting? 

The money line odds of the underdog are always preceded by a “+,” while those of the favourite is typically followed by a “-.”

  • How does a double wager function? 

In order to win, a double wager needs to be correct on both selections. However, if one or both of your selections don’t succeed, you’ll lose the bet.

  • What’s an each-way double bet? 

An each-way double is widely used in horse racing. You must choose two competitors, one for each race, and place two double bets—a win double and a place double. While both horses must finish in the money to qualify for the place double, both must triumph in the winning double.