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 disappointed bettor, not to mention that you could also lose a ton of money in the process. Just as a doctor would need the right skills before operating over a patient, you also will have to work hard to understand sports betting odds before you make a killing inside the betting arena.

Each fascinating sport including 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 handled by way of the ncaa or pro football handled by the nfl, bets may be placed, although the odds will certainly differ in each sport and every game too. Odds are also displayed differently in various 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 the spread by which you must win if you decide to bet for or against the spread. A straightforward example will show you 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 very first sign near the teams name indicates the underdog and also the top-dog. Hence, Buffalo Bills would be 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 to win by 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 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 if you bet on the Giants since it is the underdog team. sport betting online australia

The above mentined was an example of betting odds from the American odds format. Each bookie will display odds in numerous formats but you could quickly convert it in your format when using the odds converter available in most websites. The Internet has today definitely made betting easier although you will definitely have to work towards understanding and calculating the betting odds before you place your bet.

You will 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 choose 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 also the bookies and make a killing by winning the maximum number of bets.