If you have entered the betting arena without having a clear strategy under consideration then you might 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 on a patient, you too must work tirelessly in understanding sports betting odds before you make 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 qualify for betting. Even if the sport is college football games handled by way of the ncaa or pro football handled by the nfl, bets can be placed, even though the odds will surely 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 together with the top-dog, the over-under and also the spread by which you need to win if you decide to bet for or against the spread. A simple example will show you 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 indicates the underdog and also the top-dog. Therefore, Buffalo Bills is the top-dog due to the “-” sign whereas the Giants are the underdogs due to the “+” sign next to it. The figure 11.2 signifies the spread and the favored team has got to win by 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 next to the Bills signifies that you need to stake $160 to win $100 together with your stake on that bet since the Bills are the favored team to win. On the other hand, you simply need to bet $100 to win $270 if you bet on 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 available in most websites. The world wide web has today definitely made betting easier although you will certainly need 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 if you read and understand sports betting odds. Each sports book will display odds and you’ll have to select sites that have the most effective odds that you can 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 maximum number of bets.