Understanding sports betting odds before making a killing

In case you have entered the betting arena without a clear strategy under consideration then you might emerge out as a very disappointed bettor, plus you could 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 hard to understand sports betting odds before you make a killing inside the betting arena.

Each fascinating 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 the nfl, bets can be placed, although the odds will surely differ in every 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 by 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 between 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 first sign next to the teams name indicates the underdog and the top-dog. Therefore, Buffalo Bills would be the top-dog due to the “-” sign whereas the Giants would be the underdogs because of the “+” sign beside it. The figure 11.2 indicates the spread and the favored team has got to win with the points mentioned on the spread. The figure 120 means that you will need to bet $120 to win $100 on that spread. The last figure of 160 near the Bills indicates that you need to stake $160 to win $100 together with your stake on that bet since the Bills are the favored team to win. On the other hand, you only need to bet $100 to win $270 if you bet on the Giants since it is the underdog team.

The above mentined was an example of betting odds in 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 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 prior to placing 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’ll have to select sites that have the best 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 maximum amount of bets.