If you have entered the betting arena without having a clear strategy under consideration then you might emerge out as a very disappointed bettor, not to mention that you could also lose a ton of money in the process. Just like a doctor would need the right skills before operating over a patient, you also will have to work tirelessly in understanding sports betting odds before you make a killing inside the betting arena.
Each exciting 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 handled by way of the ncaa or pro football handled by 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 different 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 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 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 a 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 first sign near the teams name indicates the underdog and the top-dog. Therefore, Buffalo Bills would be the top-dog because of the “-” sign whereas the Giants would be the underdogs because of the “+” sign beside it. The figure 11.2 indicates the spread and the favored team has 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 near the Bills signifies 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 simply have to bet $100 to win $270 should you bet for the Giants as it is the underdog team.
The above was an illustration of betting odds from the American odds format. Each bookie displays odds in different formats but you could quickly convert it in your format by using the odds converter obtainable in most websites. The world wide web has today definitely made betting easier although you will certainly need to work towards understanding and calculating the betting odds prior to placing your bet.
You will definitely 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 will have to select sites that have the most effective odds that you can bet on. Understanding sports betting odds is essential if you want to beat the odds and also the bookies and make a killing by winning the highest number of bets.