Comprehending sports betting odds before making a killing

If you have entered the betting arena without having a clear strategy under consideration then you might emerge out as a very unhappy bettor, plus you could also lose a ton of money at the same time. 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 fascinating sport including boxing, tennis, golf, baseball, football, basketball, horse racing, car racing, and many such more are eligible for betting. Even if the sport is college football games handled by the ncaa or pro football handled by the nfl, bets can be placed, even though the odds will surely differ in each sport and each game too. Odds are also displayed differently in various countries. By way of 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 along 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 show you betting odds easily. For instance in a nfl match involving 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 the top-dog. Hence, Buffalo Bills is the top-dog due to the “-” sign whereas the Giants would be the underdogs due to the “+” sign beside it. The figure 11.2 indicates the spread and the favored team has got to win with the points mentioned on the spread. The figure 120 means 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 because the Bills are the favored team to win. Alternatively, you only need to bet $100 to win $270 should you bet for the Giants as it is the underdog team.

The above mentined was an illustration of betting odds in the American odds format. Each bookie will display odds in numerous formats however, you could quickly convert it in your format by using the odds converter available in most websites. The Internet has today definitely made betting easier although you will certainly have to work on understanding and calculating the betting odds prior to placing your bet.

You will definitely be able to bet efficiently and convert most of your placed bets into huge wins in case you read and understand sports betting odds. Each sports book will display odds and you will have to choose sites which have the best odds for you to bet on. Understanding sports betting odds is essential if you want to beat the odds and the bookies and make a killing by winning the highest amount of bets.