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 might 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 must work tirelessly in understanding sports betting odds before you make a killing inside the betting arena.
Each fascinating sport including 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 various 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 along with the top-dog, the over-under and the spread through which you must win if you choose to bet for or against the spread. A simple example will show you betting odds easily. For instance in a nfl match involving 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 near the teams name signifies the underdog and the top-dog. Therefore, Buffalo Bills is the top-dog due to the “-” sign whereas the Giants would be the underdogs because of the “+” sign next to it. The figure 11.2 indicates the spread plus the favored team has got to win with the points mentioned on the spread. The figure 120 means that you will have 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 together with your stake on that bet since the Bills are classified as 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 mentined was an illustration of betting odds in the American odds format. Each bookie will display odds in different 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 although you will certainly have to work on understanding and calculating the betting odds before you place 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 displays odds and you will have to select sites which have the most effective odds that you can 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 maximum amount of bets.