Comprehending sports betting odds before making a killing
If 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 ton of money at the same time. Just like a doctor would require 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 exciting sport including boxing, tennis, golf, baseball, football, basketball, horse racing, car racing, and many such more qualify for betting. Even when the sport is college football games handled by the ncaa or pro football handled by 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 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 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 must win if you decide to bet for or against the spread. A straightforward example will explain betting odds easily. For instance 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 very first sign next to the teams name signifies the underdog and the top-dog. Hence, Buffalo Bills would be the top-dog because of the “-” sign while the Giants would be the underdogs due to 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 means that you will have to bet $120 to win $100 on that spread. The last figure of 160 next to the Bills indicates that you have to stake $160 to win $100 together with your stake on that bet since the Bills are the favored team to win. On the other hand, you simply need to bet $100 to win $270 if you bet for the Giants since it is the underdog team.
The above was an illustration of betting odds in the American odds format. Each bookie will display 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 certainly have 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 in case you read and understand sports betting odds. Each sports book will display odds and you will have to choose sites which have the best odds that you can 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.
