If you have entered the betting arena without having a clear strategy in mind then you might emerge out as a very unhappy bettor, not to mention that you might also lose a ton of money at the same time. Just like a doctor would require the right skills before operating on a patient, you too must 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 several such more qualify for betting. Even if the sport is college football games handled by way of the ncaa or pro football handled by the nfl, bets can be placed, even though the odds will surely differ in each sport and each 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 Countries in Europe display odds as Decimal odds, i.e. 2.50, 1.30, etc, and 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 by which you must win if you choose to bet for or against the spread. A straightforward example will explain betting odds easily. For example 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 first sign near the teams name indicates the underdog and also the top-dog. Hence, Buffalo Bills is the top-dog because of the “-” sign whereas the Giants would be the underdogs because of the “+” sign beside it. The figure 11.2 signifies the spread plus the favored team has got to win with the points mentioned on the spread. The figure 120 implies that you will need to bet $120 to win $100 on that spread. The final figure of 160 next to the Bills indicates that you have to stake $160 to win $100 together with your stake on that bet because the Bills are the favored team to win. Alternatively, you simply need to bet $100 to win $270 should you bet on the Giants since it is the underdog team.
The above was an example of betting odds from the American odds format. Each bookie will display odds in different formats however, you would be able to quickly convert it in your format when using the odds converter obtainable in most websites. The Internet has today definitely made betting easier even though you will certainly have to work towards understanding and calculating the betting odds before you place your bet.
You might definitely be in a position to bet efficiently and convert most of your placed bets into huge wins in case you read and understand sports betting odds. Each sports book will display odds and you’ll have to select sites that have the best odds for you to bet on. Understanding sports betting odds is essential if you wish to beat the odds and the bookies and make a killing by winning the highest number of bets.