Comprehending sports betting odds before you make a killing

In case you have entered the betting arena without a clear strategy under consideration then you could emerge out as a very unhappy bettor, plus you could also lose a lot of money at the same time. Just like a doctor would need the right skills before operating over a patient, you too must work hard in understanding sports betting odds before making 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 way of the ncaa or pro football handled by way of the nfl, bets may be placed, although the odds will certainly differ in every sport and each 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 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 the spread by which you must win if you choose to bet for or against the spread. A simple example will explain betting odds easily. For example 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 next to the teams name signifies the underdog and the top-dog. Hence, Buffalo Bills is the top-dog because of the “-” sign whereas the Giants would be the underdogs due to the “+” sign next to it. The figure 11.2 signifies the spread plus the favored team has got to win with the points mentioned on the spread. The figure 120 implies 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. Alternatively, you only have to bet $100 to win $270 should you bet for the Giants as it is the underdog team.

The above was an illustration of betting odds from the American odds format. Each bookie will display odds in different formats but 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 certainly need 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 if you read and understand sports betting odds. Each sports book will display odds and you will have to select sites that have the most effective odds for you to bet on. Understanding sports betting odds is vital if you want to beat the odds and the bookies and make a killing by winning the maximum amount of bets.