Understanding sports betting odds before making a killing

In case you have entered the betting arena without a clear strategy in mind then you might emerge out as a very unhappy bettor, plus you could also lose a ton of money in the process. Just as a doctor would need the right skills before operating on a patient, you also will have to work hard in understanding sports betting odds before making a killing in the betting arena.

Each fascinating sport such as boxing, tennis, golf, baseball, football, basketball, horse racing, car racing, and several such more are eligible for betting. Even if the sport is college football handled by way of the ncaa or pro football handled by way of the nfl, bets can be placed, although the odds will certainly differ in every sport and every 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 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 explain betting odds easily. For example 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 next to the teams name signifies the underdog and the top-dog. Hence, Buffalo Bills is the top-dog because of the “-” sign whereas the Giants would be the underdogs due to the “+” sign next to it. The figure 11.2 indicates the spread plus the favored team has got 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 last figure of 160 next to the Bills signifies that you have 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 if you bet for the Giants since it is the underdog team. arbitrage betting opportunities

The above was an example of betting odds in the American odds format. Each bookie displays odds in numerous formats but you could 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 even though you will definitely need to work towards understanding and calculating the betting odds before you place your bet.

You might certainly be in a position 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 will have to choose sites which have the best odds that you can 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.