Comprehending sports betting odds before you make a killing

In case you have entered the betting arena without having a clear strategy in mind then you might emerge out as a very unhappy bettor, not to mention that you might also lose a lot of money in the process. Just like a doctor would require the right skills before operating over a patient, you also must work tirelessly in understanding sports betting odds before you make a killing inside 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 the ncaa or pro football handled by the nfl, bets may be placed, even though the odds will surely differ in each sport and every 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 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 the spread by which you need to win if you choose to bet for or against the spread. A straightforward example will explain betting odds easily. For example in a nfl match involving 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 very first sign next to the teams name indicates the underdog and also the top-dog. Therefore, Buffalo Bills is the top-dog due to the “-” sign while the Giants are the underdogs due to the “+” sign beside it. The figure 11.2 indicates the spread plus the favored team has 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 last figure of 160 next to the Bills indicates that you need to stake $160 to win $100 together with your stake on that bet since the Bills are the favored team to win. Alternatively, you only need to bet $100 to win $270 should you bet on the Giants as it is the underdog team.

The above mentined was an example of betting odds from the American odds format. Each bookie will display odds in different 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 on understanding and calculating the betting odds before you place your bet.

You might definitely 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 displays odds and you will have to select sites which have the best odds for you to bet on. Understanding sports betting odds is essential if you wish to beat the odds and the bookies and make a killing by winning the maximum amount of bets.