In case 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 might also lose a lot of money in the process. Just like a doctor would need the right skills before operating over a patient, you also must work hard in understanding sports betting odds before making a killing in the betting arena.
Each exciting sport such as 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 games handled by way of the ncaa or pro football handled by the nfl, bets can be placed, although the odds will surely differ in each 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 the spread by which you must win if you choose to bet for or against the spread. A straightforward example will explain betting odds easily. For example 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 first sign next to the teams name signifies 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 next to it. The figure 11.2 signifies the spread plus the favored team has got 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 final figure of 160 next to the Bills indicates that you need to stake $160 to win $100 along 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 if you bet on the Giants since it is the underdog team.
The above was an example of betting odds from the American odds format. Each bookie will display odds in numerous formats but you could 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 need to work towards understanding and calculating the betting odds prior to placing your bet.
You will certainly 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 select sites which have the best odds for you to bet on. Understanding sports betting odds is vital if you wish to beat the odds and also the bookies and make a killing by winning the highest amount of bets.