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 unhappy bettor, not to mention that you could also lose a lot of money in the process. Just as a doctor would require the right skills before operating over a patient, you also must work tirelessly in understanding sports betting odds before you make a killing in the betting arena.

Each exciting 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 games handled by the ncaa or pro football handled by way of the nfl, bets can be placed, even though the odds will surely differ in each sport and each 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 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 the spread by which you must 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 involving 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 first sign near the teams name signifies the underdog and the top-dog. Hence, Buffalo Bills is the top-dog due to the “-” sign while the Giants are the underdogs because of the “+” sign next to it. The figure 11.2 indicates the spread and the favored team has to win with 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 near the Bills signifies 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 simply need to bet $100 to win $270 if you bet on 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 but you would be able to quickly convert it in your format when using the odds converter available in most websites. The world wide web 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 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 best 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 maximum number of bets.