If you have entered the betting arena without having a clear strategy under consideration then you could emerge out as a very disappointed bettor, plus you could also lose a ton of money in the process. Just as a doctor would require 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 several such more qualify for betting. Even if 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 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 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 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 first sign near the teams name indicates the underdog and also the top-dog. Hence, Buffalo Bills is the top-dog because of the “-” sign while the Giants are the underdogs because of the “+” sign next to it. The figure 11.2 signifies the spread and the favored team has got to win with the points mentioned on the spread. The figure 120 means that you will need to bet $120 to win $100 on that spread. The final figure of 160 near the Bills indicates that you have to stake $160 to win $100 along with your stake on that bet because the Bills are classified as the favored team to win. Alternatively, you simply need to bet $100 to win $270 should you bet on the Giants since 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 different formats however, you would be able to quickly convert it in your format when using the odds converter available in most websites. The Internet has today definitely made betting easier even though you will certainly have to work on understanding and calculating the betting odds before you place your bet.
You will definitely be in a position 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 displays odds and you’ll have to select sites that have the most effective odds for you to bet on. Understanding sports betting odds is essential if you want to beat the odds and also the bookies and make a killing by winning the maximum number of bets.