Obviously, i love boxing and always have my opinion on who is favored and why. I like to believe i am a fairly intelligent person, but for the life of me i can't figure out the how the betting odds work. For example i am hearing DLH vs Paq has DLH -160. What the hell does that mean?! If i bet 100 on Paq, how much do i get when he/if he wins?
-160 means if u put up $160 u get $260 back (including the $160 u put up). If its +150 the other way, ur puting up 100 and u get $250 back (including the $100 u put up)
well, it means you would need to bet 160 on DLH to win 100...those odds are way wrong though. DLH should be about a 5 to 1 favorite in my opinion Where did you see these odds?
Then make an INVESTMENT in oscar de la hoya....You guys all seemed to talk big about how pac man has no shot, but i doubt any of you will put ur money where ur mouth is
lol, I'm a poker and gambling writer, if the odds are this I will certainly putting "my money where my mouth is,"
also, lets say a fighter is -160 then you know that the percentage the odds are giving him to beat Pac is 160/260 which means that if you think Oscar has more than a 61.5% chance of winning the fight, you should put your money down on him. lets say Pac is +150, then if you think the odds that he has of winning are more than 100/250 (40%) then you should put your money on Pacquiao
The easiest way to remember how to read the lines is to put a phrase with it... if there's "-" that means "bet x to win $100" if there's a "+" that means "bet $100 to win x" for example... De La Hoya -160 (you would say to yourself "Bet $160 to win $100) let's pretend Pac is at... Pacman +120 (you would say to yourself "Bet $100 to win $120) I hope this helps. When I was first getting into gambling years ago I would use these phrases so I wouldn't confuse myself until it became second nature.
I write biographies of past WSOP champions for pokerworks.com and I do some freelance work for a handful of internet sports websites. I didn't mean to come off as some kind of big shot or anything, it's just I follow this stuff fairly close, and I think those odds are way too small.