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Whereas negative (-) odds tell you what you have to bet on the favorite to winR$100, positive (+) odds tell you how much you'll win for everyR$100 you wager on the underdog. So, a team with odds of +120 would payoutR$120 for everyR$100 wager.
So, a bettor looking to winR$100 will riskR$180, while a bettor looking to winR$50 would wagerR$90. Remember the amount you wager remains with the sportsbook if your side loses, while a winning bet returns your winnings and initial investment.
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Hedging bets is by far the most successful betting strategy. This is where you're able to place multiple bets to cover all possible results and still make a profit regardless of the outcome of the game.
What is the Best Way to Make Money Betting?
Specialize in a Specific Sport or League. Rather than trying to bet on a wide range of sports, focus on one or two sports or leagues that you know well. ...
Be Disciplined with Your Bankroll. ...
Bet on Value, Not Favorites. ...
Consider Live Betting. ...
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