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. You can always make an additional bet if the odds change in your favor. If you have made a bet on a team or player at +200, then you are locked into those odds. Odds can change at any time, and a team that is listed at +200 one day could easily be listed at +160 the next. You don’t need to bet $100 but this is the simplest way to explain what +200 odds mean in terms of potential payouts.

You would also get your $100 bet back, meaning that $300 would go back into your account. Getting odds at +200 can be extremely valuable if you are able to win the bet.įor example, if you were to place a bet of $100 on a team with odds at +200 you would win $200 for that play. If this is a futures bet, you need to consider the complete list to determine where this team or player falls. The favorite will usually be listed at -110 or lower, and the underdog will have a (+) in front of their odds. Moneyline odds that are listed at +200 mean that a team is a clear underdog in the bet.

What do 54 odds mean