Gambling help please... If there were two bets with different odds, one being -150 and the other 150...

Question

If you were to wager $100 on the 150 bet, and won, what would be the payout? I'm sorry if this sounds stupid, but I would like to know before betting. Thank you in advance for your help!

Answer 1

The odds that are listed as +150 or -150 are 'american' style. This simply means that they are based on $100. When you see the number displayed as a (+) positive number it signifies how much you will win if you RISK $100. For your example you have the odds listed as +150 so if you risk $100 then you will win $150 for a total return of $250. If the number is listed as a (-) negative number it signifies how much you must RISK in order to WIN $100. So if you see -150, then you must RISK $150 in order to win $100 for a total return of $250.

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Answer 2

Easiest way to do this is think of them as DOLLARS.

-150 = -$1.50 Which would mean that this bet is the FAVORITE. So when you see a "  -  " before the #'s that means you need to bet $1.50 to win a dollar.

+150 = +$1.50 Which would mean that this bet is an UNDERDOG. So when you bet this you need to only bet $1.00 to win $1.50

so just remember that when you see a "  -  " that means how much $$ you need to spend to win $1.

Example -1250 = -$12.50, which means you need to spend $12.50 to make a $1 win.

Pretty easy to get the hang of it if you think of things as $$$ and put a decimal in.

Answer 3

If you wagered $100 on a +150 event and won you would get back your bet +$150=$250. Conversely, if you wanted to win $100 on a -150 favorite, you would need to stake $150 in order to do so. If you only put up $100 on a -150 prop you would win $75 or receive $225 back.

Answer 4

What do you mean by -150 and 150? like 1 to 150 and 150 to 1?