If you have entered the betting arena without a clear strategy under consideration then you could emerge out as a very disappointed bettor, not to mention that you might also lose a ton of money at the same time. Just as a doctor would require the right skills before operating over a patient, you too will have to work hard in understanding sports betting odds before making a killing in the betting arena.
Each fascinating 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 games handled by the ncaa or pro football handled by the nfl, bets may be placed, although the odds will certainly differ in each 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 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 through 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 example in a 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 would be 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 plus the favored team has to win with the points mentioned on the spread. The figure 120 means 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 need to stake $160 to win $100 together with your stake on that bet since the Bills are classified as the favored team to win. Alternatively, you only need to bet $100 to win $270 should you bet on the Giants as it is the underdog team.
The above was an illustration of betting odds from the American odds format. Each bookie will display odds in numerous formats but you would be able to 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 certainly 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 displays odds and you’ll have to select 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 also the bookies and make a killing by winning the maximum number of bets.