Understanding sports betting odds before making a killing
In case you have entered the betting arena without a clear strategy under consideration then you could emerge out as a very unhappy bettor, plus you might also lose a lot of money at the same time. Just as a doctor would need the right skills before operating on a patient, you too will have to work tirelessly to understand sports betting odds before you make a killing inside the betting arena.
Each exciting sport including boxing, tennis, golf, baseball, football, basketball, horse racing, car racing, and several such more qualify for betting. Even when the sport is college football games handled by way of the ncaa or pro football handled by the nfl, bets may be placed, although the odds will surely differ in every sport and each game too. Odds are also displayed differently in different countries. For 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 together with the top-dog, the over-under and also the spread through which you need to win if you choose to bet for or against the spread. A straightforward example will show you betting odds easily. For example 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 first sign next to the teams name signifies the underdog and the top-dog. Hence, Buffalo Bills is the top-dog because of the “-” sign while the Giants would be the underdogs because of the “+” sign beside it. The figure 11.2 signifies 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 last 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 classified as the favored team to win. On the other hand, you simply have to bet $100 to win $270 if you bet on the Giants since 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 by using the odds converter obtainable in most websites. The world wide web 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 will 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 will have to select sites which have the most effective odds for you to bet on. Understanding sports betting odds is vital if you wish to beat the odds and the bookies and make a killing by winning the maximum amount of bets.