Understanding sports betting odds before you make a killing

If you have entered the betting arena without having 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 require the right skills before operating over a patient, you too will have to work hard in understanding sports betting odds before making a killing in the betting arena.

Each fascinating sport such as boxing, tennis, golf, baseball, football, basketball, horse racing, car racing, and many such more qualify for betting. Even when the sport is college football handled by way of the ncaa or pro football handled by way of the nfl, bets may be placed, although the odds will certainly differ in each sport and each 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 the spread by which you must win if you choose to bet for or against the spread. A straightforward example will show you betting odds easily. For instance in an 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 next to the teams name signifies the underdog and also the top-dog. Therefore, Buffalo Bills is the top-dog because of the “-” sign while the Giants are the underdogs because of the “+” sign beside it. The figure 11.2 signifies the spread and the favored team has 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 final figure of 160 near the Bills signifies that you have to stake $160 to win $100 along with your stake on that bet because the Bills are classified as the favored team to win. On the other hand, 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 but you could 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 need to work on understanding and calculating the betting odds before you place your bet.

You will 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 will have to select sites which 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 highest number of bets.