If you have entered the betting arena without a clear strategy under consideration then you might emerge out as a very disappointed bettor, not to mention that you could also lose a ton of money in the process. Just as a doctor would need the right skills before operating on a patient, you too will have to work hard in understanding sports betting odds before making a killing inside the betting arena.
Each exciting sport such as boxing, tennis, golf, baseball, football, basketball, horse racing, car racing, and several such more qualify for betting. Even if the sport is college football handled by the ncaa or pro football handled by way of the nfl, bets may be placed, even though the odds will certainly differ in every 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 along with the top-dog, the over-under and the spread by which you need to win if you decide to bet for or against the spread. A straightforward example will explain 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 next to the teams name signifies the underdog and the top-dog. Hence, Buffalo Bills would be the top-dog because of the “-” sign while the Giants are the underdogs due to the “+” sign beside it. The figure 11.2 signifies the spread and the favored team has to win with 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 together with your stake on that bet because the Bills are the favored team to win. On the other hand, you only have to bet $100 to win $270 if you bet for the Giants since 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 but you would be able to quickly convert it in your format by using the odds converter obtainable in most websites. The Internet has today definitely made betting easier although you will definitely need to work towards 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 in case you read and understand sports betting odds. Each sports book will display odds and you’ll have to select 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 also the bookies and make a killing by winning the highest amount of bets.