Understanding sports betting odds before making a killing

If you have entered the betting arena without having a clear strategy in mind then you could emerge out as a very unhappy bettor, not to mention that you could also lose a ton of money in the process. Just as a doctor would require the right skills before operating over a patient, you too must work hard in understanding sports betting odds before you make a killing inside the betting arena.

Each fascinating sport such as boxing, tennis, golf, baseball, football, basketball, horse racing, car racing, and many such more are eligible for betting. Even when the sport is college football games handled by way of the ncaa or pro football handled by the nfl, bets can be placed, even though the odds will surely differ in every sport and every game too. Odds are also displayed differently in different countries. By way of example, USA displays odds as American odds, i.e. -100, -230, etc, while Canada, Australia and Countries in Europe display odds as Decimal odds, i.e. 2.50, 1.30, etc, and also the UK displays odds as Fractional odds, i.e. 8/8, 8/4, etc.

Sports betting odds also display the underdog team together with the top-dog, the over-under and the spread by which you need to win if you decide to bet for or against the spread. A simple example will show you betting odds easily. For example in an nfl match between the Buffalo Bills and the New York Giants, the odds could be displayed as under

Buffalo Bills -11.2 -120 -160
New York Giants +11.2 -120 +270

The very first sign next to the teams name indicates the underdog and the top-dog. Therefore, Buffalo Bills is the top-dog because of the “-” sign while the Giants would be the underdogs due to the “+” sign next to it. The figure 11.2 signifies the spread plus the favored team has to win with the points mentioned on the spread. The figure 120 implies that you will have to bet $120 to win $100 on that spread. The last figure of 160 next to the Bills signifies that you need to stake $160 to win $100 together with your stake on that bet since the Bills are classified as the favored team to win. On the other hand, you only have to bet $100 to win $270 if you bet on the Giants since it is the underdog team.

The above was an example of betting odds from the American odds format. Each bookie will display odds in numerous formats but you would be able to quickly convert it in your format when using the odds converter obtainable in most websites. The world wide web has today definitely made betting easier even though you will certainly have to work towards understanding and calculating the betting odds before you place your bet.

You might definitely be able to bet efficiently and convert most of your placed bets into huge wins if you read and understand sports betting odds. Each sports book displays odds and you’ll have to select sites which have the best odds for you to bet on. Understanding sports betting odds is essential if you want to beat the odds and also the bookies and make a killing by winning the maximum amount of bets.