In case you have entered the betting arena without a clear strategy in mind then you might emerge out as a very unhappy bettor, not to mention that you might also lose a lot of money in the process. Just as a doctor would require the right skills before operating on a patient, you too must work hard in understanding sports betting odds before you make 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 way of the ncaa or pro football handled by way of the nfl, bets can be placed, although the odds will certainly differ in every sport and each game too. Odds are also displayed differently in various 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 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 a 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 the top-dog. Hence, Buffalo Bills is the top-dog due to the “-” sign whereas 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 means that you will have to bet $120 to win $100 on that spread. The final figure of 160 near the Bills signifies that you have to stake $160 to win $100 along with your stake on that bet because the Bills are the favored team to win. On the other hand, you only need to bet $100 to win $270 should you bet for the Giants since it is the underdog team.
The above was an example of betting odds in the American odds format. Each bookie will display odds in numerous formats however, you would be able to quickly convert it in your format when 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 might certainly 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 choose sites which have the best odds that you can bet on. Understanding sports betting odds is vital if you want to beat the odds and the bookies and make a killing by winning the maximum number of bets.