Understanding sports betting odds before you make a killing

In case you have entered the betting arena without having a clear strategy under consideration then you might emerge out as a very disappointed bettor, not to mention that you might also lose a ton of money at the same time. Just as a doctor would require the right skills before operating on a patient, you too must work hard 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 many such more are eligible 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, although the odds will certainly differ in each sport and every game too. Odds are also displayed differently in various countries. For 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 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 must win if you decide 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 may 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 the top-dog. Therefore, Buffalo Bills is the top-dog because of the “-” sign while the Giants would be the underdogs because of the “+” sign beside it. The figure 11.2 signifies the spread and the favored team has got 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 last figure of 160 near 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 if you bet for the Giants since it is the underdog team.

The above was an illustration of betting odds from the American odds format. Each bookie displays odds in different formats but you could quickly convert it in your format when using the odds converter obtainable in most websites. The Internet has today definitely made betting easier even though you will certainly have to work towards understanding and calculating the betting odds prior to placing your bet.

You might 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’ll have to select sites that have the most effective odds for you to bet on. Understanding sports betting odds is essential if you wish to beat the odds and also the bookies and make a killing by winning the highest number of bets.