In case you have entered the betting arena without a clear strategy under consideration then you could emerge out as a very unhappy bettor, plus you might also lose a lot of money in the process. Just as a doctor would need the right skills before operating over a patient, you too must work hard in understanding sports betting odds before making a killing inside the betting arena.
Each fascinating sport including boxing, tennis, golf, baseball, football, basketball, horse racing, car racing, and several 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 way of 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 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 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 by which you must win if you choose to bet for or against the spread. A simple example will show you betting odds easily. For example in an nfl match involving 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 near the teams name indicates the underdog and also the top-dog. Therefore, Buffalo Bills would be the top-dog because of the “-” sign whereas the Giants would be the underdogs because of the “+” sign beside 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 need to bet $120 to win $100 on that spread. The last figure of 160 next to the Bills signifies that you have to stake $160 to win $100 along with your stake on that bet since the Bills are classified as the favored team to win. On the other hand, you only have to bet $100 to win $270 if 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 displays odds in different formats but you would be able to quickly convert it in your format when using the odds converter available in most websites. The world wide web has today definitely made betting easier although you will certainly have to work on 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 best odds for you to bet on. Understanding sports betting odds is essential if you wish to beat the odds and also the bookies and make a killing by winning the highest number of bets.