Comprehending sports betting odds before you make a killing

If you have entered the betting arena without a clear strategy in mind 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 over a patient, you too must work tirelessly in understanding sports betting odds before making a killing in the betting arena.

Each exciting sport such as boxing, tennis, golf, baseball, football, basketball, horse racing, car racing, and several such more qualify for betting. Even if the sport is college football games handled by the ncaa or pro football handled by way of the nfl, bets can be placed, even though the odds will surely differ in every sport and every game too. Odds are also displayed differently in various countries. For 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 together with the top-dog, the over-under and also the spread by which you need to 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 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 near the teams name signifies the underdog and also the top-dog. Hence, Buffalo Bills would be the top-dog due to the “-” sign whereas the Giants are the underdogs due to the “+” sign beside it. The figure 11.2 signifies the spread and the favored team has 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 final figure of 160 near the Bills signifies that you need to stake $160 to win $100 along with your stake on that bet because the Bills are classified as the favored team to win. On the other hand, you simply need to bet $100 to win $270 should 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 numerous formats however, you would be able to 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 even though you will definitely need to work towards 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 which have the best 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 maximum amount of bets.