With its odds set at +130, Team B offers a $130 payout for every $100 bet on it. So if someone were to bet on Team B, and Team B won, that person would win $130. A minus sign at the beginning of odds means the team is favored to win. The number indicates how much someone would need to wager in order to win $100. What does odds of 33/1 mean? If you were to bet $10 on 33/1 odds you would receive $330.00 in profit if this outcome won. The implied win probability of 33/1 odds is 2.94%.
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