What Does 200 Odds or Longer Mean? Sportsbook Scout

Odds of -200 or longer are often required to qualify for certain sportsbook promos. But what does -200 odds or longer actually mean? -200 odds or longer means that the odds of your bet need to be greater than or equal to -200. This means that bets of -175, -150, -125, +110, +150, +500, etc. would all qualify as odds longer than -200.. On the other hand, if the odds for a team to win a championship are -200, this means that a bettor would need to wager $200 to win $100 if that team goes on to win the championship.

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What does +200 mean? How to Read Sports Odds School Of Bets

Now, what does the -200 mean? This means that you would have to bet $200 on the Packers in order to win $100 back. Anytime you see odds with a minus in front of it, take the number and that is what you would need to bet in order to win $100 in profit. So, a -450 number would mean that you would have to bet $450 in order to win $100 in profit back.. For favorites, it would be odds/ (odds + 100) x 100. This means that if a team/player is -200 the equation is 200/ (200 + 100) x 100, which equals 66.66. This means that the implied probability of a -200 chance winning is 66.7%. In contrast, for an underdog, the equation is 100/ (odds +100) x 100.