In case you have entered the betting arena without having a clear strategy under consideration then you might emerge out as a very disappointed bettor, plus you could also lose a ton of money at the same time. Just as a doctor would need the right skills before operating on a patient, you also must work tirelessly to understand sports betting odds before making a killing inside the betting arena.
Each exciting sport such as boxing, tennis, golf, baseball, football, basketball, horse racing, car racing, and several such more qualify for betting. Even when the sport is college football handled by the ncaa or pro football handled by way of the nfl, bets may be placed, even though 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 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 also the spread through which you need to win if you decide to bet for or against the spread. A simple example will show you betting odds easily. For example in an 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 very first sign next to the teams name signifies the underdog and also the top-dog. Hence, Buffalo Bills is the top-dog due to the “-” sign whereas the Giants are the underdogs due to the “+” sign next to it. The figure 11.2 signifies the spread plus the favored team has got to win by the points mentioned on the spread. The figure 120 implies that you will have to bet $120 to win $100 on that spread. The last figure of 160 near the Bills indicates that you have to stake $160 to win $100 along with your stake on that bet because the Bills are the favored team to win. On the other hand, you only have to bet $100 to win $270 if you bet on the Giants as 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 available in most websites. The Internet has today definitely made betting easier even though you will certainly need to work on 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 if you read and understand sports betting odds. Each sports book will display odds and you will have to choose sites which have the best 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 highest number of bets.