+6000 Definition: What do odds of +6000 mean? (2024)

FAQs

What does +6000 mean in odds? ›

In sports betting, "+6000" is an odds format that indicates the potential payout for a successful bet relative to the amount wagered. Specifically, "+6000" represents long odds, meaning that the outcome being bet on is considered unlikely to happen, and therefore, the potential payout is higher if it does occur.

If you were to bet $10 on +6500 odds you would receive $650.00 in profit if this outcome won. Odds accompanied with a positive sign (+) indicate that this is the underdog and this outcome will have a lower chance of winning compared to a favorite, however underdogs will yield a higher profit if they win.

Higher numbers like +400, +500, +5000, etc. represent how much of an underdog the team is in the game. The higher the number the more likely the team is expected to lose in the eyes of the oddsmakers. The number also indicates how much money would win in comparison to every $100 you wager.

Underdogs are given plus moneyline odds, meaning a $100 bet would yield that moneyline's total if the underdog wins the matchup: +300 odds means a $300 profit; +550 odds means a $550 profit; +1200 odds means a $1200 profit.

What Does it Mean When Odds are Negative? Odds with a negative (-) symbol indicate the betting favorite. The number that follows the negative symbol (the odds) reveals how much to bet for every $100 you want to win. For example, if the team you're betting on has -110 odds, you need to wager $110 to win $100.

Simply put, the greater the odds against a team, the larger the payout will be for anyone who bets on it. For example, 7 to 2 odds mean that for every $2 you wager, you could win $7 if your bet is successful, while 5 to 1 odds mean you could win $5 for every $1 you bet.

To convert from a probability to odds, divide the probability by one minus that probability. So if the probability is 10% or 0.10 , then the odds are 0.1/0.9 or '1 to 9' or 0.111. To convert from odds to a probability, divide the odds by one plus the odds.

The best way to understand this is: if the odds of a bet are accompanied by a positive sign (+), the bet is odds against. Alternatively, if the odds of a bet are accompanied by a negative sign (-), the best is odds on, with the further away the number is from 100, the more/less likely it is to happen.

"If someone gives you 10,000 to 1 on anything, you take that bet." -Kevin Malone.

How do you read odds? ›

The plus sign preceding the odds expresses how much you'll win with a $100 stake. For instance, odds that read +120 indicate you'll win $120 if you stake $100. As with negative odds, you also win back your initial stake—which means you ultimately walk away with a total of $220 if you win this bet.

For instance, let's say an athlete in boxing is listed as a +600 underdog. If you wager $100 on that underdog boxer and they pull off the upset, you'd collect $700 (your initial $100 bet, plus $600 in winnings).

When you bet $100 on a moneyline, the outcome depends on the listed odds. If you bet on a positive moneyline (e.g., +200), you could win $200 plus your original $100 if your team wins.

In golf betting, +1000 odds means a $100 bet would pay out $1,100 in profit ($1,000 plus the $100 bet). This is most common when betting on a player to win outright. For instance, Rory McIlroy might have +1000 odds to win the Masters in 2024.

The odds for favorites are accompanied by a minus (-) sign and indicate the amount you need to stake to win $100. Conversely, the odds for the underdogs are accompanied by a positive (+) sign and indicate the amount you might win for every $100 you stake.

What do odds of +800 mean? The plus means that they are favourites but the high number indicates that the sportsbook does not see this as a sure thing. You can work out what your potential winnings would be by using the plus odds equation (your stake x 800) / 100. So a $20 stake would get you (20 x 800) / 100 = $160.