Similarly, if you bet the Packers +7 and they lose by less than seven points or win outright, you win your bet. If you bet the Cowboys -7 and they win by more than seven points, you win your bet. For example, you can bet the Dallas Cowboys as a -7 point favorite to beat the Green Bay Packers or the Packers as a +7 point underdog. In terms of the spread, the ' - ' always refers to the favorite and the ' + ' always refers to the underdog. The plus (+) and minus (-) in sports betting can refer to either the point spread or betting odds. Understanding plus (+) and minus (-) odds is the most important thing before learning about American odds. The main signifiers of American odds are that they either have a plus (+) or minus (-) in front of them and are in terms of 100. Most sportsbooks in the United States use American Odds. While odds look different, they mean the same thing.
Odds can refer to moneyline, spread and total bets, and they can be displayed as American, British (fractional) or European (decimal). Reading odds may be the first part to figure out before you begin sports betting, as they specify the implied probability of an outcome and how much money can be won.
