Understanding 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 disappointed bettor, plus you might also lose a ton of money at the same time. Just as a doctor would require the right skills before operating over a patient, you too must work hard to understand sports betting odds before making a killing inside 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 when the sport is college football handled by the ncaa or pro football handled by the nfl, bets can be placed, although the odds will surely differ in every sport and every 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 also the spread through which you need to win if you choose to bet for or against the spread. A simple example will show you betting odds easily. For instance 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 very first sign near the teams name signifies the underdog and also the top-dog. Hence, Buffalo Bills would be the top-dog due to the “-” sign while the Giants would be the underdogs due to the “+” sign next to 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 have to bet $120 to win $100 on that spread. The last figure of 160 near the Bills indicates that you need to stake $160 to win $100 together with your stake on that bet because the Bills are classified as the favored team to win. On the other hand, you simply have to bet $100 to win $270 if you bet on the Giants since it is the underdog team.

The above was an illustration of betting odds in the American odds format. Each bookie displays odds in numerous formats however, 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 although you will certainly have to work on understanding and calculating the betting odds before you place your bet.

You might 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 choose sites that have the best odds that you can bet on. Understanding sports betting odds is vital if you wish to beat the odds and the bookies and make a killing by winning the highest number of bets.