Understanding sports betting odds before making a killing

If you have entered the betting arena without having a clear strategy in mind then you might emerge out as a very unhappy bettor, plus you might also lose a lot of money in the process. Just as a doctor would need the right skills before operating on a patient, you too must work tirelessly to understand sports betting odds before making a killing inside the betting arena.

Each fascinating sport including boxing, tennis, golf, baseball, football, basketball, horse racing, car racing, and several such more qualify for betting. Even when the sport is college football games handled by the ncaa or pro football handled by way of 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 also 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 also the spread by which you need to win if you choose to bet for or against the spread. A straightforward example will explain betting odds easily. For instance in a 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 first sign next to the teams name signifies the underdog and also the top-dog. Therefore, Buffalo Bills would be the top-dog because of the “-” sign while the Giants are 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 need 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 since the Bills are classified as the favored team to win. On the other hand, you only need to bet $100 to win $270 should you bet for 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 when using the odds converter available in most websites. The world wide web has today definitely made betting easier although you will definitely have to work towards understanding and calculating the betting odds prior to placing your bet.

You will definitely be in a position to bet efficiently and convert most of your placed bets into huge wins in case 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 for you to 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.