Understanding sports betting odds before making a killing

In case you have entered the betting arena without a clear strategy under consideration then you could emerge out as a very unhappy bettor, not to mention that you might also lose a lot of money at the same time. Just as a doctor would require the right skills before operating over a patient, you too must work tirelessly to understand sports betting odds before making a killing inside the betting arena.

Each exciting sport including boxing, tennis, golf, baseball, football, basketball, horse racing, car racing, and many such more qualify for betting. Even if the sport is college football games handled by the ncaa or pro football handled by the nfl, bets can be placed, although 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 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 must 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 first sign next to the teams name signifies the underdog and the top-dog. Hence, Buffalo Bills is the top-dog due to 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 by the points mentioned on the spread. The figure 120 means 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 because the Bills are 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 from the American odds format. Each bookie displays odds in numerous 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 towards understanding and calculating the betting odds before you place your bet.

You might certainly 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 choose sites that have the most effective 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.