Understanding sports betting odds before you make a killing

If you have entered the betting arena without a clear strategy under consideration then you might emerge out as a very disappointed bettor, not to mention that you could also lose a lot of money in the process. Just like a doctor would need the right skills before operating on a patient, you also must work hard to understand sports betting odds before you make a killing inside the betting arena.

Each fascinating sport such as boxing, tennis, golf, baseball, football, basketball, horse racing, car racing, and many such more qualify for betting. Even when the sport is college football handled by way of the ncaa or pro football handled by the nfl, bets can be placed, although 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 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 simple example will show you betting odds easily. For example in an nfl match between 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 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 because of the “+” sign next to it. The figure 11.2 indicates the spread plus 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 indicates that you have to stake $160 to win $100 along with your stake on that bet because the Bills are the favored team to win. Alternatively, you simply need to bet $100 to win $270 if you bet for the Giants as 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 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 even though you will definitely need to work on understanding and calculating the betting odds before you place your bet.

You will certainly 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 that you can bet on. Understanding sports betting odds is essential if you want to beat the odds and also the bookies and make a killing by winning the maximum amount of bets.