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 could also lose a lot of money at the same time. Just as a doctor would need the right skills before operating over a patient, you too will have to work tirelessly in understanding 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 games handled by way of the ncaa or pro football handled by way of 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 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 along with the top-dog, the over-under and the spread by which you need to win if you decide to bet for or against the spread. A straightforward example will explain betting odds easily. For instance in a 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 first sign next to the teams name indicates the underdog and also the top-dog. Therefore, Buffalo Bills is the top-dog because of the “-” sign while the Giants are the underdogs because of the “+” sign beside it. The figure 11.2 indicates the spread and 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 near the Bills signifies that you have to stake $160 to win $100 along with your stake on that bet since the Bills are the favored team to win. Alternatively, you only 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 from the American odds format. Each bookie displays odds in different formats however, you would be able to quickly convert it in your format by using the odds converter available in most websites. The world wide web 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 might certainly be in a position to bet efficiently and convert most of your placed bets into huge wins if you read and understand sports betting odds. Each sports book will display odds and you will have to select sites that have the best odds that you can bet on. Understanding sports betting odds is essential if you want to beat the odds and the bookies and make a killing by winning the maximum number of bets.