In case you have entered the betting arena without having a clear strategy in mind then you might emerge out as a very disappointed bettor, not to mention that you could also lose a ton of money in the process. Just as a doctor would need the right skills before operating over a patient, you also will have to work tirelessly in understanding sports betting odds before you make a killing in the betting arena.
Each exciting 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 way of the nfl, bets can be placed, even though the odds will certainly differ in each 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 European countries 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 by which you must win if you decide to bet for or against the spread. A simple example will explain betting odds easily. For example in an nfl match between 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 next to the teams name signifies the underdog and the top-dog. Therefore, Buffalo Bills is the top-dog because of the “-” sign while the Giants are the underdogs due to the “+” sign beside it. The figure 11.2 indicates the spread and 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 final figure of 160 near the Bills signifies that you have to stake $160 to win $100 together with your stake on that bet because the Bills are the favored team to win. Alternatively, 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 example 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 by using the odds converter obtainable in most websites. The world wide web has today definitely made betting easier although you will definitely need to work towards understanding and calculating the betting odds prior to placing your bet.
You might 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 displays odds and you’ll have to choose sites that have the best odds that you can 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 amount of bets.