If 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 like a doctor would need the right skills before operating over a patient, you too will have to work hard to understand 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 qualify for betting. Even if 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, although 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 also 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 by which you need to win if you choose to bet for or against the spread. A straightforward example will show you betting odds easily. For instance in a nfl match between 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 the top-dog. Therefore, Buffalo Bills would be the top-dog due to the “-” sign whereas the Giants would be the underdogs due to the “+” sign beside it. The figure 11.2 indicates the spread and the favored team has 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 final figure of 160 next to the Bills indicates that you have to stake $160 to win $100 together with your stake on that bet since the Bills are the favored team to win. On the other hand, you simply have to bet $100 to win $270 should you bet for the Giants as 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 could quickly convert it in your format by using the odds converter available in most websites. The Internet has today definitely made betting easier although you will certainly need to work towards understanding and calculating the betting odds before you place your bet.
You will 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 choose 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 the bookies and make a killing by winning the highest number of bets.