What do +1000 and -1000 Betting Odds Mean?

We’ll quickly explain what +1000 and -1000 betting odds mean. +1000 odds are most commonly found with futures bets, indicating the side is an unlikely underdog to win a particular event. You might also see +1000 odds on a moneyline bet paired with a -1200 favorite. Occasionally, you’ll see +1000 or -1000 odds with prop bets, too, indicating that the -1000 side is a heavy favorite, or the +1000 side is a distant underdog.

-1000 odds will most frequently be seen with moneyline bets when a side is an overwhelming favorite to win a matchup.


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+Odds Meaning

+1000 betting odds means you risk $100 to win $1,000. Sides with + odds are longshot underdogs. You’ll see +1000 odds in futures betting markets and with the occasional moneyline bet with a heavy favorite.

Divide the + moneyline by 100. Then multiply the quotient by your wager amount. In this case, (1000/100) = 10, and $100 x 10 = $1,000. Here’s a sample calculation table.

+1000 Odds Win Calculation

+1000 Odds Win Calculation
MLCalculationExample
+Num(ML/100) x $Bet+1000, $10 Bet
(1000/100) x $10
10 x $10 = $100

-Odds Meaning

-1000 betting odds means you risk $1000 to win $100. A side with – odds is a favorite. There can only be one favorite side per betting market. A highly likely futures betting favorite will have -1000 to win an event. Sometimes, an enormous moneyline favorite will have -1000 odds paired with a +800 underdog.

To calculate a -1000 moneyline payout, first drop the minus sign. Second, divide your wager amount by the quotient of the – moneyline divided by 100. See the calculation below.

-1000 Odds Win Calculation

-1000 Odds Win Calculation
MLCalculationExample
-NumDrop – Sign
$Bet/(ML/100)
-1000, $10 Bet
$10 / (1000/100)
$10 / 10 = $1.00

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FAQs

What does +1000 betting odds mean?

+1000 betting odds means you risk $100 to win $1,000. Sides with + odds are longshot underdogs. You’ll see +1000 odds in futures betting markets and with the occasional moneyline bet with a heavy favorite.

What does -1000 betting odds mean?

-1000 betting odds means you risk $1000 to win $100. A side with – odds is a favorite. There can only be one favorite side per betting market. A highly likely futures betting favorite will have -1000 to win an event. Sometimes, an enormous moneyline favorite will have -1000 odds paired with a +1200 underdog.

Sports Betting Lessons

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Sports Betting Resources

  • How to Read Sports Betting Odds – Our helpful tutorial explains what the numbers mean for point spread, moneyline, total, and Asian Handicap bets.
  • Sports Betting Questions and Answers – Common sports betting questions and answers, a simple quick reference for beginners.
  • Sports Betting vs Casino Gambling – Learn how sportsbooks and casinos make money, and the important differences between each business model.
  • How to Read NFL Odds – Short and sweet guide to NFL point spreads, totals, and moneylines. We’ve got live example bets from upcoming NFL matchups.
  • Point Spread Bet – Understanding the point spread is key to betting on football and basketball. Learn how the point spread bet works with our tutorial video and text.
  • Over-Under Total Bet – Bet over or under the sportsbook’s line. We explain how to place this bet with easy examples, a video, and text explainer.
  • Moneyline Bet – Whether it’s a 2-way or 3-way moneyline, we’ve got you covered. Moneylines are available for almost every major sport league, including football, basketball, baseball, hockey, soccer, tennis, and combat sports.
  • Teaser Bet – A teaser is a modified parlay that lets you buy points to shift point spread and total lines in your favor. Our fun tutorial video and detailed text article explain how to place this bet.
  • If Bet Win-Only – Sequence multiple bets together in an if-then sequence. Your next bet only sees action if the previous one wins. Ideal for bettors with small bankrolls.
  • Futures Bet – We explain what a futures bet is, how it works, and when to bet on a future sporting event. Common futures bets include the winners of the Super Bowl, Final Four, Stanley Cup, World Series, and NBA Finals.
  • Parlay Bet – Combine multiple selections into one bet that returns a huge payout if all your selections were correct. We explain how parlay bets work and provide common parlay payout tables.
  • Progressive Parlay Bet – Also known as a “Close Call Parlay”, this parlay variant can win even if one or more of selections lose. Our article describes this bet in detail.
  • Parlay Card Betting – Parlay cards are issued by major sportsbooks midweek, allowing bettors to make multiple point spread, total, and prop bet selections that can return big payouts. Not to be confused with an “off the board” parlay!
  • Prop Bets – We explain what a prop bet is, how to place a prop bet, and provide an expansive list of sports leagues with plenty of props to bet on right now.