What does -200 odds or longer mean?

Odds of -200 or longer are often required to qualify for certain sportsbook promos. But what does -200 odds or longer actually mean? -200 odds or longer means that the odds of your bet need to be greater than or equal to -200. This means that bets of -175, -150, -125, +110, +150, +500, etc. would all qualify as odds longer than -200.

Are sports betting odds even?

Thus, the odds are even, too. In sports betting, -110 is common as the additional -10 acts as a commission for the online sportsbook to take your action. Even though both betting odds are “-,” you can see that the favorite and underdog are depicted by the -2 and +2.

Are betting odds a big deal?

Not a big deal, just a minor technicality. Betting odds are a way of expressing the likelihood of an outcome in a gambling event. They are typically expressed as a ratio of the amount won to the amount wagered. For example, odds of 1/10 mean that for every $10 wagered, the gambler will win $1.