Let's run through a less lopsided scenario. The latter is a lot more enticing, which is why bettors are drawn to underdogs. And going the other way, with Schwartzman, you would be betting $10 to win $65 (or, betting $100 to win $650). Betting somebody at -950 simply means that you’d need to risk $950 in order to win $100-or, $95 to win $10. In a match like that, Djokovic might be listed at -950 to win, while Schwartzman would be +650. Sticking with the Djokovic-Schwartzman example, you’re going to see some confusing-looking odds if those two meet one another. And that’s precisely why Djokovic would be considered the “favorite” in a match against Schwartzman, who then takes the “underdog” tag. For example, if you’re looking to win $10 on a bet, you’d have to risk more of your money to do that on somebody like 22-time Grand Slam champion Novak Djokovic than a player like Diego Schwartzman. When you fire up your favorite sportsbook app and look up the matches you want to bet, you’ll quickly learn that players are often priced differently.
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