Understanding sports betting odds before you make a killing

In case you have entered the betting arena without a clear strategy in mind then you could emerge out as a very unhappy bettor, plus you might also lose a ton of money in the process. Just like a doctor would require the right skills before operating over a patient, you also must work tirelessly to understand sports betting odds before making a killing in 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 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. 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 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 through which you need to win if you decide to bet for or against the spread. A straightforward example will explain betting odds easily. For instance in a 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 very 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 while the Giants are the underdogs because of the “+” sign next to it. The figure 11.2 indicates the spread plus the favored team has got 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 final figure of 160 near the Bills indicates that you need to stake $160 to win $100 along with your stake on that bet because the Bills are classified as the favored team to win. Alternatively, you simply need to bet $100 to win $270 if you bet on the Giants as it is the underdog team. sport betting websites review

The above mentined was an illustration of betting odds in the American odds format. Each bookie displays odds in numerous formats but you would be able to quickly convert it in your format by using the odds converter obtainable in most websites. The Internet has today definitely made betting easier even though you will certainly 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 will display odds and you will have to select sites which 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 amount of bets.