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 might emerge out as a very unhappy bettor, not to mention that you could also lose a ton of money in the process. Just as a doctor would require the right skills before operating over a patient, you too must work hard in understanding sports betting odds before you make a killing inside the betting arena.

Each exciting sport such as boxing, tennis, golf, baseball, football, basketball, horse racing, car racing, and many such more are eligible for betting. Even if the sport is college football games handled by way of 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. 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 also 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 must win if you choose to bet for or against the spread. A simple example will show you betting odds easily. For instance in an nfl match between 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 near the teams name signifies the underdog and the top-dog. Hence, 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 signifies the spread and the favored team has got to win with the points mentioned on the spread. The figure 120 means that you will need 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 together with your stake on that bet since the Bills are classified as the favored team to win. On the other hand, you only need to bet $100 to win $270 if you bet on the Giants as it is the underdog team. sports arbitrage betting guide

The above 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 when using the odds converter obtainable in most websites. The world wide web has today definitely made betting easier although you will certainly need to work on 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 if 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 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.