Understanding sports betting odds before making a killing

In case you have entered the betting arena without having a clear strategy under consideration then you might emerge out as a very disappointed bettor, not to mention that you could also lose a lot of money in the process. Just as a doctor would need the right skills before operating on a patient, you also will have to work tirelessly in understanding sports betting odds before making a killing in the betting arena.

Each fascinating sport including boxing, tennis, golf, baseball, football, basketball, horse racing, car racing, and several such more qualify for betting. Even when the sport is college football handled by the ncaa or pro football handled by way of the nfl, bets can be placed, even though the odds will certainly 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 along with the top-dog, the over-under and also the spread by which you need to win if you decide to bet for or against the spread. A straightforward example will explain betting odds easily. For example 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 first sign next to the teams name signifies the underdog and the top-dog. Therefore, Buffalo Bills would be the top-dog because of the “-” sign while the Giants are the underdogs because of the “+” sign next to it. The figure 11.2 indicates the spread plus the favored team has got 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 final figure of 160 near the Bills indicates that you need to stake $160 to win $100 together with your stake on that bet since the Bills are the favored team to win. Alternatively, you simply have to bet $100 to win $270 should you bet for the Giants since it is the underdog team.

The above mentined was an example of betting odds from the American odds format. Each bookie displays odds in different formats however, you would be able to quickly convert it in your format by using the odds converter obtainable in most websites. The world wide web has today definitely made betting easier although you will certainly have to work on understanding and calculating the betting odds before you place your bet.

You might definitely be in a position 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 will have to choose sites that have the best odds that you can bet on. Understanding sports betting odds is vital if you wish to beat the odds and the bookies and make a killing by winning the maximum number of bets.