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, not to mention that you might also lose a ton of money in the process. Just like a doctor would require 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 many such more are eligible 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 surely 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 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 along with the top-dog, the over-under and also the spread by which you need to win if you choose to bet for or against the spread. A simple example will explain betting odds easily. For example in a 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 near the teams name signifies the underdog and also the top-dog. Therefore, Buffalo Bills would be the top-dog because of the “-” sign whereas the Giants would be the underdogs because of the “+” sign beside it. The figure 11.2 indicates the spread and the favored team has got to win by the points mentioned on the spread. The figure 120 implies that you will need to bet $120 to win $100 on that spread. The final figure of 160 near the Bills indicates that you have to stake $160 to win $100 together with your stake on that bet because the Bills are the favored team to win. On the other hand, you simply have to bet $100 to win $270 if you bet on the Giants as it is the underdog team. sport betting 888

The above was an example of betting odds in the American odds format. Each bookie will display odds in numerous formats but you could quickly convert it in your format by using the odds converter available in most websites. The Internet has today definitely made betting easier even though you will definitely have to work on understanding and calculating the betting odds before you place your bet.

You might 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 highest amount of bets.