![]() ![]() There are numerous sportsbooks out there, ranging from casinos in Las Vegas to new, digital sportsbooks that are operated in certain states by companies like FanDuel and DraftKings, among many others. That’s done by the sportsbooks, which are the oddsmakers in the betting sphere - on the street, they’re often referred to as bookies. So, a -450 number would mean that you would have to bet 450 in order to win 100 in profit. 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. Gambling always involves a negative expected return - the house always has the advantage.įor bettors to cover the spread, the spread itself needs to be determined. Now, what does the -200 mean This means that you would have to bet 200 on the Packers in order to win 100 back. ![]()
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