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 might also lose a lot of money at the same time. Just as a doctor would need the right skills before operating on a patient, you also will have to work tirelessly to understand sports betting odds before you make a killing in the betting arena.

Each exciting 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 way of the ncaa or pro football handled by way of the nfl, bets can be placed, even though 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 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 simple example will show you betting odds easily. For example in a nfl match involving 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 the top-dog. Hence, Buffalo Bills is the top-dog because of the “-” sign while the Giants would be the underdogs due to the “+” sign beside it. The figure 11.2 signifies 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 last figure of 160 near the Bills indicates that you have to stake $160 to win $100 together with your stake on that bet because the Bills are the favored team to win. Alternatively, you only need to bet $100 to win $270 if you bet on the Giants since it is the underdog team. nhl sport betting forum

The above was an illustration of betting odds from the American odds format. Each bookie will display odds in numerous formats however, you would be able to quickly convert it in your format by using the odds converter available in most websites. The Internet has today definitely made betting easier although you will definitely need to work towards understanding and calculating the betting odds prior to placing your bet.

You might definitely be in a position 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 that have the best odds that you can bet on. Understanding sports betting odds is vital if you wish to beat the odds and also the bookies and make a killing by winning the maximum number of bets.