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All posts by David MyersWhat does +1000 mean in betting? Understanding the way bookmakers’ odds is key to making informed bets. After all, you need to know who’s the favorite, their odds, and what you stand to lose or gain.
So, join our sports experts to find out exactly what +1000 means in betting on various sports, how to calculate odds, and more so you can start making the most out of our safe offshore sportsbooks.
What Does Plus 1000 Mean in Betting?
The symbol of +1000 is an the way a betting site displays a team’s odds. The plus sign means that the team is an underdog, such as Frances Tiafoe in the tennis example below, while the high point value next to this sign indicates that they are a long shot.
At +1000 odds, the implied win probability is only 9.09%. However, the upside to having a lower chance of winning is that the potential earnings for bettors are significantly higher.
But, what does +1000 mean in sports betting for your bet? The 1000 odds here indicate how much you would win on a $100 bet if this team comes through.
Imagine the Buffalo Bills are playing the New England Patriots, and the Bills are the favorites. If the Patriots’ odds are +1000, you would win $1,000 if a $100 bet wins.
What Does Minus 1000 Mean in Betting?
But, what does 1000 mean if there’s a minus? If the team has a minus, it indicates they are the favorite. Since bookmakers consider them to have a higher chance of winning, you’ll need to risk more to win less -1000 tells you how much you need to wager to potentially win $100.
In our Bills-Patriots game, the Bills might have a listing of -1000. If you place a $1,000 bet on the Bills winning, you could win $100 on top of having your initial $1,000 stake returned.
Winnings at +1000 Odds
You don’t need to stick to $100 wagers. If you win your bet, you’ll receive the payout based on the stated odds, plus your original wager back.
- $10 wager: $100 payout + $10 wager = $110 return
- $50 wager: $500 payout + $50 wager = $550 return
- $100 wager: $1,000 payout + $100 wager = $1,100 return
- $200 wager: $2,000 payout + $200 wager = $2,200 return
- $500 wager: $5,000 payout + $500 wager = $5,500 return
+1000 Odds in Moneylines and Spreads
Understanding what +1000 means is just the beginning. To fully grasp the concept, you need to know how it relates to moneylines and spreads.
Moneylines
Odds shown on a moneyline bet only require that you choose the winner. These are some of the easiest wagers to make.
You simply choose the team you believe is most likely to win. Then, if that team is victorious, your bet wins.
For example, while placing a futures markets bet on the Super Bowl, you may see that the Detroit Lions have money line odds of +1200, the Cincinnati Bengals have odds of +1300, and the Houston Texans have odds of +1600. Betting $100 on these teams would lead to a payout of $1,200, $1,300, and $1,600, respectively, assuming the chosen team wins the Super Bowl.
Spreads
Spreads can make betting a bit more confusing. The odds with a crypto betting site will still tell you how much you have to wager to win a certain amount. So, +1000 betting odds still means a $100 bet wins $1,000.
However, the spread now tells you what needs to happen for your bet to hit. If you bet on the favored team, you don’t just need them to win; you need them to cover the spread. If a bettor opts for the underdog, you don’t need them to win; you just need them to beat the spread.
For example, imagine a game between the Milwaukee Brewers and the Philadelphia Phillies. A spread bet gives the Brewers +1.5. A bet like this means the Phillies have to win the game by at least two points.
If this happens, the Phillies cover the spread, and a spread bet on them pays out. If the Brewers lose by one point, a spread bet on the Brewers pays out instead.
+1000 Odds By Sport
Sports betting is a huge industry, as gaming contributes $329 billion to the U.S. economy annually. Luckily, this means you have many options about which sports you can bet on.
What does +1000 mean in betting for each of the major sports? Let’s break it down.
+1000 Odds and NFL Football
You won’t see many +1000 wagers in NFL football. The one place you may encounter these odds is through futures betting markets.
For example, betting the Baltimore Ravens to win the Super Bowl may give +1000 odds. Betting on teams that are less likely to win may lead to even greater odds.
+1000 Odds and NBA Basketball
Again, finding +1000 odds when betting on the NBA is difficult but is possible through futures betting markets. Futures bets for the championship will usually have odds of +1000 or above.
In this scenario, a team with a moderate chance of winning the championship will often have odds hovering around +1000. So, you may be able to make a +1000 futures bet on a team like the L.A. Lakers.
+1000 Odds and MLB Baseball
Betting on a team to make it to or win the World Series will often produce odds at or around +1000.
However, you can also find odds of +1000 or more if you bet on an unlikely underdog to win their league or division. For example, betting on the Pittsburgh Pirates to win the National League’s Central Division in 2024 produces odds close to +1000.
+1000 Odds and NHL Hockey
The easiest way to find +1000 odds in the NHL betting market is through futures betting markets. Specifically, futures bets that look at the championship games and the road to them will produce these odds.
For the 2024/2025 season, betting on a team like the NY Rangers to win the Stanley Cup will give around +1000 odds. They aren’t necessarily the most likely team to win the championship, but they are within the top ten.
+1000 Odds and Golf
Odds around +1000 are a little easier to find with golf betting. You can find odds like these at the sharpest betting sites by betting outright on someone to win a specific tournament. A bet like this means you believe that person will win.
For example, a bet on Rory McIlroy to win the U.S. Open in 2024 produces odds around +1000, owing to the competitive nature of the field. However, you can find similar wagers for players to win the PGA Championship, Masters, and more.
For more expert sports betting advice, see out free betting guides.
How To Calculate American Odds
A U.S. online sportsbook uses American odds. These focus on risking or winning $100.
American odds will have either a minus sign or a plus sign. A plus sign means you’ll win more than you risk. Meanwhile, a negative sign means you’ll risk more than you’ll win. You don’t need to stick with just $100 bets either when working out these bets.
You can calculate your potential payout of a plus odds bet using this formula: (odds/100) * wager. For example, a $50 bet amount with plus 1000 sports betting odds would be (1000/100) * 50 = $500.
You can also calculate your payout for odds with a minus sign with a slightly different formula: wager / (odds/100). A $50 bet with -1000 odds would be 50 / (1000/100) = $5.
+1000 in Fractional and Decimal Odds
You can express odds in a variety of ways. Outside the U.S., you may see odds stated as fractional or decimal odds.
Fractional odds of 10/1 are the same as +1000; these odds indicate that for every dollar you bet, you have a chance of winning $10 plus having your original stake returned. In decimal odds, +1000 is $11.00; again, these odds focus on how much a dollar bet would make, as a $1 bet would feature a total return of $11.
Conclusion
Understanding what +1000 means is important if you want to bet on sports. By seeing these odds, you know you could win $1,000 for every $100 you bet, but the risk is higher than some other bets.
Just make sure you know exactly what your odds mean, have a betting strategy, and always gamble responsibly.
+1000 Odds Meaning FAQs
What Does +1000 Mean in Betting?
What Does Minus 1000 Mean in Betting?
What’s the Equivalent of +1000 in Fractional and Decimal Odds?
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