If you have entered the betting arena without a clear strategy under consideration then you might emerge out as a very disappointed 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 to understand 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 are eligible for betting. Even when the sport is college football handled by way of the ncaa or pro football handled by the nfl, bets may be placed, although the odds will surely 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 European countries 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 must win if you decide to bet for or against the spread. A straightforward example will explain 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 very 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 whereas the Giants are the underdogs due to the “+” sign beside it. The figure 11.2 signifies the spread plus the favored team has got to win with the points mentioned on the spread. The figure 120 implies that you will have to bet $120 to win $100 on that spread. The final 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 classified as the favored team to win. On the other hand, you simply have to bet $100 to win $270 if you bet on the Giants as it is the underdog team.
The above mentined was an example of betting odds from the American odds format. Each bookie displays odds in different 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 on understanding and calculating the betting odds before you place your bet.
You might certainly be in a position 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 displays odds and you’ll have to select sites that have the most effective odds that you can 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 maximum number of bets.