If you have entered the betting arena without a clear strategy in mind then you might emerge out as a very unhappy bettor, plus you might also lose a lot of money in the process. Just like 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 making a killing in the betting arena.
Each exciting sport including boxing, tennis, golf, baseball, football, basketball, horse racing, car racing, and many such more qualify for betting. Even when the sport is college football games handled by the ncaa or pro football handled by way of the nfl, bets can be placed, although the odds will surely differ in each sport and each 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 instance in an nfl match between 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 because of the “-” sign while the Giants are the underdogs because of the “+” sign next to 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 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. Alternatively, you simply have to bet $100 to win $270 if you bet on the Giants since 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 by using the odds converter available in most websites. The world wide web has today definitely made betting easier even though you will definitely have to work towards understanding and calculating the betting odds prior to placing your bet.
You will 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’ll have to choose sites which have the most effective odds for you to bet on. Understanding sports betting odds is vital if you wish to beat the odds and the bookies and make a killing by winning the maximum amount of bets.