In case you have entered the betting arena without having a clear strategy under consideration then you might emerge out as a very unhappy bettor, not to mention that you could also lose a lot of money at the same time. Just like 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 making a killing in the betting arena.
Each exciting sport such as boxing, tennis, golf, baseball, football, basketball, horse racing, car racing, and several such more are eligible for betting. Even if 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 different countries. By way of 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 also the spread through which you must win if you choose to bet for or against the spread. A straightforward example will explain 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 first sign near the teams name signifies the underdog and also the top-dog. Hence, Buffalo Bills would be the top-dog due to the “-” sign whereas the Giants would be the underdogs due to the “+” sign beside it. The figure 11.2 indicates the spread plus the favored team has got to win by the points mentioned on the spread. The figure 120 implies that you will need to bet $120 to win $100 on that spread. The last figure of 160 near the Bills indicates that you need 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 for the Giants since it is the underdog team.
The above mentined was an illustration of betting odds in the American odds format. Each bookie displays odds in different formats but you could quickly convert it in your format when using the odds converter obtainable 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 might 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 will display odds and you’ll have to select sites which have the best odds for you to bet on. Understanding sports betting odds is vital if you want to beat the odds and the bookies and make a killing by winning the highest amount of bets.