Understanding sports betting odds before you make a killing
If you have entered the betting arena without having a clear strategy in mind then you could 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 over a patient, you also must work hard to understand sports betting odds before you make a killing in the betting arena.
Each exciting sport such as boxing, tennis, golf, baseball, football, basketball, horse racing, car racing, and many such more qualify for betting. Even when the sport is college football handled by way of the ncaa or pro football handled by way of the nfl, bets may be placed, although 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 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 the spread by which you must win if you decide to bet for or against the spread. A simple example will show you betting odds easily. For example in an 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 also the top-dog. Hence, Buffalo Bills would be the top-dog due to the “-” sign while the Giants are the underdogs because of the “+” sign beside it. The figure 11.2 indicates the spread plus the favored team has 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 need to stake $160 to win $100 together with your stake on that bet because the Bills are the favored team to win. Alternatively, you only have to bet $100 to win $270 should you bet on the Giants as it is the underdog team.
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 available in most websites. The Internet has today definitely made betting easier even though you will certainly have to work towards understanding and calculating the betting odds prior to placing your bet.
You will definitely be in a position 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 for you to 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.