In case you have entered the betting arena without a clear strategy in mind then you could emerge out as a very unhappy bettor, not to mention that you could also lose a ton of money at the same time. Just like a doctor would require the right skills before operating on a patient, you also will have to work tirelessly to understand sports betting odds before making a killing inside 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 when 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 certainly differ in each 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 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 through which you need to 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 signifies the underdog and also the top-dog. Therefore, Buffalo Bills would be the top-dog because of the “-” sign while the Giants are the underdogs due to the “+” sign next to it. The figure 11.2 indicates the spread plus the favored team has got to win with 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 together with your stake on that bet because the Bills are the favored team to win. Alternatively, you simply have to bet $100 to win $270 if you bet for the Giants since it is the underdog team. sport betting line football
The above mentined was an illustration of betting odds in the American odds format. Each bookie displays odds in different 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 although you will definitely have 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 in case you read and understand sports betting odds. Each sports book will display odds and you will have to select 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 the bookies and make a killing by winning the highest number of bets.
