Understanding sports betting odds before making a killing

If you have entered the betting arena without a clear strategy in mind then you might emerge out as a very unhappy bettor, plus you could also lose a ton of money in the process. Just like a doctor would need the right skills before operating over a patient, you also will have to work tirelessly to understand sports betting odds before you make a killing in the betting arena.

Each exciting sport including boxing, tennis, golf, baseball, football, basketball, horse racing, car racing, and several such more qualify for betting. Even if the sport is college football handled by the ncaa or pro football handled by way of the nfl, bets can be placed, although the odds will surely differ in each 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 European countries 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 also the spread through which you need to win if you choose to bet for or against the spread. A simple example will show you betting odds easily. For instance in an nfl match involving the Buffalo Bills and the New York Giants, the odds may 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 also the top-dog. Hence, Buffalo Bills is the top-dog due to the “-” sign while the Giants are the underdogs because of the “+” sign beside it. The figure 11.2 indicates the spread plus the favored team has to win with the points mentioned on the spread. The figure 120 implies that you will need to bet $120 to win $100 on that spread. The last figure of 160 next to the Bills indicates that you have to stake $160 to win $100 along with your stake on that bet since the Bills are classified as the favored team to win. Alternatively, you simply have to bet $100 to win $270 should you bet on the Giants since it is the underdog team.

The above mentined was an illustration of betting odds in the American odds format. Each bookie will display odds in different formats however, you could quickly convert it in your format by using the odds converter obtainable in most websites. The Internet has today definitely made betting easier even though you will definitely need to work on understanding and calculating the betting odds prior to placing your bet.

You will certainly be able to bet efficiently and convert most of your placed bets into huge wins in case you read and understand sports betting odds. Each sports book displays odds and you will have to choose sites which have the best odds for you to bet on. Understanding sports betting odds is vital if you wish to beat the odds and also the bookies and make a killing by winning the highest amount of bets.