Comprehending sports betting odds before you make a killing

If you have entered the betting arena without a clear strategy under consideration 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 as a doctor would require the right skills before operating on a patient, you too will have to work hard in understanding sports betting odds before you make 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 handled by the ncaa or pro football handled by way of the nfl, bets can be placed, even though the odds will certainly differ in each 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 Countries in Europe display odds as Decimal odds, i.e. 2.50, 1.30, etc, and also 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 through which you need to win if you choose to bet for or against the spread. A straightforward example will show you betting odds easily. For example in an 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 very first sign next to 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 would be the underdogs because of the “+” sign beside it. The figure 11.2 indicates 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 signifies that you need to stake $160 to win $100 along with your stake on that bet since the Bills are the favored team to win. Alternatively, you simply need to bet $100 to win $270 if you bet for the Giants as it is the underdog team.

The above was an example of betting odds in 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 towards understanding and calculating the betting odds before you place your bet.

You might certainly be in a position 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 choose sites which 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 highest number of bets.