Understanding sports betting odds before making a killing

In case you have entered the betting arena without a clear strategy under consideration then you could emerge out as a very unhappy bettor, not to mention that you might also lose a ton of money at the same time. Just like a doctor would need the right skills before operating over a patient, you also must work tirelessly to understand sports betting odds before making a killing inside the betting arena.

Each exciting sport such as 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 the nfl, bets may be placed, although the odds will certainly differ in each sport and each game too. Odds are also displayed differently in various 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 together with the top-dog, the over-under and also the spread by which you need to win if you decide to bet for or against the spread. A straightforward example will show you betting odds easily. For example in an 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 signifies the underdog and the top-dog. Therefore, Buffalo Bills would be the top-dog because of the “-” sign while the Giants are the underdogs due to the “+” sign beside it. The figure 11.2 indicates the spread and the favored team has to win by the points mentioned on the spread. The figure 120 means that you will have to bet $120 to win $100 on that spread. The final figure of 160 next to the Bills indicates that you need to stake $160 to win $100 along with your stake on that bet since the Bills are classified as the favored team to win. On the other hand, you only have to bet $100 to win $270 should you bet on the Giants since it is the underdog team.

The above was an illustration of betting odds in the American odds format. Each bookie will display odds in numerous formats however, you could quickly convert it in your format when using the odds converter available in most websites. The Internet has today definitely made betting easier although you will certainly need 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 which 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 highest number of bets.