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 require the right skills before operating over a patient, you also will have to work tirelessly 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 the ncaa or pro football handled by the nfl, bets may be placed, even though the odds will surely differ in every sport and each 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 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 along 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 simple example will explain betting odds easily. For example in an nfl match involving 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 very first sign next to the teams name indicates the underdog and the top-dog. Hence, Buffalo Bills is the top-dog due to the “-” sign whereas the Giants would be the underdogs because of the “+” sign next to it. The figure 11.2 indicates the spread plus the favored team has to win by 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 since the Bills are classified as the favored team to win. On the other hand, you simply need to bet $100 to win $270 if you bet for the Giants as it is the underdog team.
The above mentined was an example of betting odds from the American odds format. Each bookie will display odds in numerous 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 even though 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 which have the most effective odds for you to 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 highest number of bets.