If you have entered the betting arena without a clear strategy in mind then you might emerge out as a very disappointed bettor, not to mention that you might also lose a ton of money in the process. Just as a doctor would need the right skills before operating on a patient, you too will have to work tirelessly in understanding sports betting odds before you make a killing inside the betting arena.
Each fascinating sport such as boxing, tennis, golf, baseball, football, basketball, horse racing, car racing, and many such more qualify for betting. Even if 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 each sport and every 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 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 simple example will show you betting odds easily. For instance in an 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 next to the teams name indicates the underdog and also the top-dog. Therefore, Buffalo Bills is the top-dog due to the “-” sign while the Giants are the underdogs due to the “+” sign beside it. The figure 11.2 signifies the spread and the favored team has to win by the points mentioned on the spread. The figure 120 means that you will need to bet $120 to win $100 on that spread. The final figure of 160 near the Bills signifies that you have to stake $160 to win $100 along with your stake on that bet since the Bills are classified as the favored team to win. Alternatively, you only have to bet $100 to win $270 should you bet on the Giants since it is the underdog team.
The above was an example of betting odds in the American odds format. Each bookie displays odds in different formats however, you could quickly convert it in your format when using the odds converter obtainable in most websites. The Internet has today definitely made betting easier even though you will definitely need to work on understanding and calculating the betting odds before you place your bet.
You will certainly 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 also the bookies and make a killing by winning the highest number of bets.