In sports betting, +1200 odds indicate that the associated team or outcome is considered an underdog, meaning it is less likely to win according to oddsmakers. If you place a bet on an event with +1200 odds, a successful $100 wager would result in a profit of $1200.
Understanding Plus Odds
Plus odds, designated by a "+" symbol before the number, are typically assigned to the underdog in a matchup. They signify that for every $100 you bet, the number displayed is the amount of profit you stand to gain if your bet wins.
- Higher Risk, Higher Reward: Underdogs have a lower implied probability of winning, which is why they offer a higher payout. The greater the number after the plus sign, the less likely the outcome is perceived to be, and consequently, the higher the potential profit.
- Examples:
- +300 odds means a $300 profit on a $100 bet.
- +550 odds means a $550 profit on a $100 bet.
- +1200 odds means a $1200 profit on a $100 bet.
Calculating Your Payout with +1200 Odds
When you bet on plus odds and your wager wins, you receive your original stake back in addition to the profit.
Let's break down how the payout is calculated for various bet amounts with +1200 odds:
- For a $100 Bet:
- Profit: $1200
- Total Return: $100 (original stake) + $1200 (profit) = $1300
- For a $50 Bet:
- Profit: ($1200 / $100) * $50 = $600
- Total Return: $50 (original stake) + $600 (profit) = $650
- For a $200 Bet:
- Profit: ($1200 / $100) * $200 = $2400
- Total Return: $200 (original stake) + $2400 (profit) = $2600
Potential Payouts for +1200 Odds
The following table illustrates potential returns based on different bet amounts:
| Bet Amount | Potential Profit | Total Return |
|---|---|---|
| $100 | $1200 | $1300 |
| $50 | $600 | $650 |
| $200 | $2400 | $2600 |
What This Implies
The +1200 odds indicate that the oddsmakers believe there is a relatively low probability of that outcome occurring. Understanding these odds helps bettors assess risk and potential reward. For a more comprehensive guide on understanding different types of sports betting odds, you can refer to general sports betting resources.
