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 unhappy bettor, not to mention that you might also lose a ton of money at the same time. Just like a doctor would need the right skills before operating over a patient, you too will have to work tirelessly to understand sports betting odds before making 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 the ncaa or pro football handled by the nfl, bets can be placed, although the odds will certainly differ in every 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 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 by 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 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 indicates the underdog and also 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 next to it. The figure 11.2 signifies 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 last figure of 160 near the Bills indicates that you have to stake $160 to win $100 along with your stake on that bet because the Bills are classified as the favored team to win. Alternatively, you only need to bet $100 to win $270 if you bet for the Giants since it is the underdog team. arbitrage betting reddit
The above mentined was an example of betting odds from the American odds format. Each bookie displays odds in different formats but 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 although you will certainly have to work towards understanding and calculating the betting odds prior to placing your bet.
You will certainly 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’ll have to select sites that have the most effective 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 number of bets.