Comprehending sports betting odds before you make a killing

In case you have entered the betting arena without a clear strategy in mind then you might emerge out as a very unhappy bettor, plus you might also lose a lot of money in the process. Just as a doctor would need the right skills before operating over a patient, you also will have to work tirelessly in understanding sports betting odds before making a killing in the betting arena.

Each fascinating sport including boxing, tennis, golf, baseball, football, basketball, horse racing, car racing, and several such more are eligible for betting. Even when the sport is college football games handled by way of the ncaa or pro football handled by way of the nfl, bets can be placed, although the odds will surely differ in each sport and every 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 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 also 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 between the Buffalo Bills and the New York Giants, the odds may be displayed as under

Buffalo Bills -11.2 -120 -160
New York Giants +11.2 -120 +270

The first sign near the teams name indicates the underdog and also the top-dog. Hence, Buffalo Bills is the top-dog due to the “-” sign whereas the Giants are the underdogs because of the “+” sign beside it. The figure 11.2 indicates the spread plus the favored team has got to win by 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 next to the Bills signifies that you have to stake $160 to win $100 together with your stake on that bet since the Bills are classified as the favored team to win. Alternatively, you simply need to bet $100 to win $270 should you bet for the Giants as it is the underdog team.

The above 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 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 prior to placing your bet.

You will certainly 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 displays 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 also the bookies and make a killing by winning the highest amount of bets.