Understanding sports betting odds before you make a killing

In case 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 might also lose a ton of money in the process. Just as a doctor would need 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 several such more are eligible for betting. Even if the sport is college football handled by way of the ncaa or pro football handled by the nfl, bets can be placed, although the odds will certainly differ in each sport and each game too. Odds are also displayed differently in different countries. For 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 along with the top-dog, the over-under and 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 a nfl match between 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 near the teams name indicates the underdog and the top-dog. Hence, Buffalo Bills is the top-dog due to the “-” sign whereas the Giants are the underdogs because of the “+” sign next to it. The figure 11.2 indicates the spread and 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 have to stake $160 to win $100 along 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. sport betting professor system

The above was an illustration of betting odds in the American odds format. Each bookie displays odds in different formats but you would be able to 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 certainly need to work towards understanding and calculating the betting odds before you place your bet.

You will 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’ll have to select sites that have the most effective odds that you can bet on. Understanding sports betting odds is vital if you want to beat the odds and the bookies and make a killing by winning the maximum number of bets.