Understanding sports betting odds before you make a killing

In case you have entered the betting arena without having a clear strategy under consideration then you might emerge out as a very unhappy bettor, plus you could also lose a ton of money at the same time. Just as a doctor would need the right skills before operating over a patient, you also will have to work tirelessly in understanding 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 several such more are eligible for betting. Even when the sport is college football games handled by way of the ncaa or pro football handled by way of the nfl, bets may be placed, even though 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 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 the spread by which you must win if you choose to bet for or against the spread. A straightforward example will show you betting odds easily. For instance in a nfl match between 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 first sign near the teams name indicates the underdog and the top-dog. Therefore, 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 signifies the spread and the favored team has got to win by 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 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. Alternatively, you only need to bet $100 to win $270 should you bet for the Giants as it is the underdog team. sport betting system free

The above was an example of betting odds from the American odds format. Each bookie displays odds in different formats but you would be able to 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 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 in case you read and understand sports betting odds. Each sports book will display odds and you’ll have to select sites that have the most effective odds for you to bet on. Understanding sports betting odds is essential if you wish to beat the odds and the bookies and make a killing by winning the highest number of bets.