Favorites have minus odds like -200, -500 etc.To do this, they designate one team as the 'favorite' expected to win and the opposing team as the 'underdog' expected to lose. Sportsbooks are trying to get equal money on both sides of a match.

I‘ll provide tons of real examples, data insights, and tips from my own experience crushing sportsbooks.īy the end, you‘ll be an odds converter pro ready to identify and hammer the best bets! Betting Odds Basics: The Favorite vs The Underdogīefore we get into '-220' specifically, let‘s quickly cover the two main roles odds play in sports gambling. If you‘ve found yourself in the same boat, this comprehensive guide will teach you how to read sports betting odds and understand exactly what a 220 bet or any other odds format means. But I remember first seeing odds like '-220' and having no clue what that meant or how much I‘d stand to win by betting on that line. As an avid sports fan and occasional bettor, I‘ve learned to navigate the odds and payouts around different wagers.