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If you bet $10 at +4800 odds, you will make a profit of $480 if you win the bet along with getting $10 original stake back. The plus sign (+) shoes that the selection is considered an underdog that is it has a lower chance of winning, but it provides a bigger potential payouts when they win. The probablilty is about 2.04% which shows the small chance of that outcom happening.
Gambling can be addictive. Please play responsibly. If you or someone you know has a gambling problem, please seek help at BeGambleAware.org or call the National Gambling Helpline at 1-800-522-4700.