Understanding sports betting odds before you make a killing

In case you have entered the betting arena without a clear strategy under consideration then you might emerge out as a very unhappy bettor, plus you might also lose a ton 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 in understanding sports betting odds before you make a killing inside the betting arena.

Each exciting sport such as 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, even though 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 along with the top-dog, the over-under and the spread through which you need to win if you choose to bet for or against the spread. A simple example will show you betting odds easily. For instance in an nfl match involving 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 next to the teams name signifies the underdog and also the top-dog. Hence, 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 and the favored team has to win with 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 indicates that you have to stake $160 to win $100 together with your stake on that bet since the Bills are classified as the favored team to win. On the other hand, you simply need to bet $100 to win $270 should you bet on the Giants as it is the underdog team.

The above was an illustration of betting odds from the American odds format. Each bookie will display odds in numerous formats but you would be able to quickly convert it in your format when using the odds converter obtainable in most websites. The world wide web has today definitely made betting easier although you will definitely need to work on understanding and calculating the betting odds before you place your bet.

You might 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 will display odds and you’ll 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 maximum number of bets.