Every team is given odds assigned by a sportsbook. These numbers besides a team name follow plus or minus signs, such as +1000. The bigger the number after a plus sign, the less likely that team is to win, but if they do win you would take home a bigger profit. For example, if you were to bet $100 towards a team with +1000 odds to win the Super Bowl, you would win $1,100, netting you $1,000 in profit. Conversely, if the number follows a minus sign, such as -1000, that tells you how much you’d have to bet to win $100. In this case, the team would be a strong favorite, so your profit would be very low but more likely to hit.