Understanding sports betting odds before making a killing

If you have entered the betting arena without having a clear strategy in mind then you could emerge out as a very disappointed bettor, not to mention that you could also lose a ton of money at the same time. Just as a doctor would need the right skills before operating over a patient, you also must work tirelessly in understanding sports betting odds before making a killing in 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 if the sport is college football handled by the ncaa or pro football handled by way of the nfl, bets may be placed, even though the odds will certainly differ in each sport and every 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 Countries in Europe 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 through which you must win if you choose to bet for or against the spread. A straightforward example will explain 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 indicates the underdog and the top-dog. Hence, Buffalo Bills is the top-dog due to the “-” sign while the Giants are the underdogs due to the “+” sign next to it. The figure 11.2 signifies the spread and the favored team has to win with 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 near the Bills signifies that you need to stake $160 to win $100 along with your stake on that bet since the Bills are the favored team to win. Alternatively, you only need to bet $100 to win $270 should you bet on the Giants as it is the underdog team. sport betting system calculator

The above mentined was an example of betting odds in the American odds format. Each bookie displays odds in different formats but you could quickly convert it in your format by using the odds converter available in most websites. The Internet has today definitely made betting easier even though you will certainly 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 in case you read and understand sports betting odds. Each sports book displays odds and you will have to select sites that have the best odds that you can bet on. Understanding sports betting odds is essential if you want to beat the odds and the bookies and make a killing by winning the maximum number of bets.