Learning how to read Vegas odds and betting lines is critical for new bettors. In this article, we will explain what odds of +200 mean as well as go over how odds work in general. Make sure to read about what +1.5 means in betting as you need to understand both as a bettor.
Whenever you see odds listed at +200, you are looking at either a moneyline or future odds. Against the spread or total betting odds will typically be offered at -110 for each side, and it’s rare that it would ever go to +200.
Moneyline odds that are listed at +200 mean that a team is a clear underdog in the bet. The favorite will usually be listed at -110 or lower, and the underdog will have a (+) in front of their odds.
If this is a futures bet, you need to consider the complete list to determine where this team or player falls. Getting odds at +200 can be extremely valuable if you are able to win the bet.
For example, if you were to place a bet of $100 on a team with odds at +200 you would win $200 for that play. You would also get your $100 bet back, meaning that $300 would go back into your account.
You don’t need to bet $100 but this is the simplest way to explain what +200 odds mean in terms of potential payouts.
Know that odds can change at anytime
Odds can change at any time, and a team that is listed at +200 one day could easily be listed at +160 the next.
If you have made a bet on a team or player at +200, then you are locked into those odds. You can always make an additional bet if the odds change in your favor.
There are several reasons that betting odds and lines can change – such as player injuries, rumors, and news around teams and players – but the amount of money that is being wagered on each side is usually the biggest factor. Sportsbooks are looking to protect themselves from big losses and will adjust the odds accordingly.
Shop around for the best odds
Before you make a wager you should always shop around for the best odds that you can find. A team that is listed at +200 at one sportsbook could be listed at +220 at another site.
If you only have a sports betting account with one sportsbook you are stuck with those odds but giving yourself a chance to find the best odds can help you succeed in this industry.
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Further reading about betting and odds
We have put together a few sports betting guides for those of you who want to know more about specific betting strategies and understand more about how to bet and what to consider when placing a wager online: