Understanding sports betting odds before you make a killing

If you have entered the betting arena without a clear strategy in mind then you might emerge out as a very unhappy bettor, not to mention that you could also lose a lot of money in the process. Just like a doctor would need the right skills before operating on 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 qualify for betting. Even if the sport is college football games handled by the ncaa or pro football handled by way of the nfl, bets may be placed, even though the odds will surely 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 together 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 straightforward 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 very first sign near the teams name indicates the underdog and also the top-dog. Therefore, Buffalo Bills would be the top-dog due to the “-” sign while the Giants would be the underdogs because of the “+” sign next to it. The figure 11.2 indicates the spread plus 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 final figure of 160 near the Bills signifies that you need to stake $160 to win $100 together with your stake on that bet because the Bills are classified as the favored team to win. Alternatively, you simply have to bet $100 to win $270 if you bet for the Giants as it is the underdog team.

The above mentined was an illustration of betting odds in the American odds format. Each bookie will display odds in numerous formats however, you could quickly convert it in your format when using the odds converter available in most websites. The world wide web has today definitely made betting easier even though you will definitely have 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 that have the best odds for you to bet on. Understanding sports betting odds is essential if you want to beat the odds and also the bookies and make a killing by winning the maximum amount of bets.