Betting Numbers Explained
Betting slips are full of numbers and symbols — minus signs, plus signs, .5 lines, PK, EV. This guide decodes the common ones in plain English, with hypothetical examples only.
- It is a 1.
- PK (pick'em) means there is no handicap — you simply pick the winner.
- EV is expected value — whether a price is mathematically favourable over the long run, based on the implied probability of the odds.
Plus and minus
On a line, minus marks the favourite and plus marks the underdog. On a spread or handicap, the favourite's minus number is the margin it must overcome; the underdog's plus number is its cushion. On a moneyline, they show price — see the moneyline.
What -1.5 and +1.5 mean
A .5 line removes ties. On a -1.5 spread or handicap, the favourite must win by 2 or more. On +1.5, the underdog covers by losing by 1 or winning.
PK (pick'em)
PK, or 'pick'em', means there is no handicap — the line is effectively zero and you simply pick the winner. If the game is a draw on a PK line, stakes are usually refunded.
EV and reading a line
EV means 'expected value' — whether a price is mathematically favourable over the long run, based on implied probability (see how odds work and value betting). For a deeper glossary of terms, see the betting glossary.
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🔞 18+ only. Examples are hypothetical and for explanation only — they are not betting advice or real odds. Please gamble responsibly.
FAQ
It is a 1.5 handicap or spread on the favourite, who must win by 2 or more for the bet to cover. The half-point removes the chance of a tie.
PK (pick'em) means there is no handicap — you simply pick the winner. A draw on a PK line usually refunds stakes.
EV is expected value — whether a price is mathematically favourable over the long run, based on the implied probability of the odds.
Last updated: 2026-06-15