Understanding sports betting odds before making 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 disappointed bettor, plus you could also lose a lot of money in the process. Just like a doctor would need the right skills before operating on a patient, you too must work hard to understand sports betting odds before you make 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 handled by way of the ncaa or pro football handled by 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 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 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 the spread through which you need to win if you decide to bet for or against the spread. A simple example will explain betting odds easily. For instance in a 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 first sign next to the teams name indicates the underdog and also the top-dog. Hence, Buffalo Bills is the top-dog due to 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 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 last figure of 160 next to the Bills signifies that you need 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 if you bet on the Giants as it is the underdog team.
The above mentined was an illustration of betting odds from the American odds format. Each bookie displays odds in different formats however, 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 although you will definitely need to work on understanding and calculating the betting odds before you place your bet.
You will 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 that have the most effective odds that you can bet on. Understanding sports betting odds is vital if you wish to beat the odds and also the bookies and make a killing by winning the highest amount of bets.