If you have entered the betting arena without a clear strategy in mind then you might emerge out as a very unhappy 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 too must work tirelessly to understand sports betting odds before you make a killing inside the betting arena.
Each fascinating sport such as boxing, tennis, golf, baseball, football, basketball, horse racing, car racing, and many 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 can be placed, even though 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 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 along with the top-dog, the over-under and also the spread through which you must win if you decide to bet for or against the spread. A simple example will show you betting odds easily. For instance in a 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 very first sign next to the teams name indicates the underdog and also 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 beside it. The figure 11.2 signifies the spread plus the favored team has to win with the points mentioned on the spread. The figure 120 means that you will need to bet $120 to win $100 on that spread. The final figure of 160 next to the Bills signifies that you need to stake $160 to win $100 together with your stake on that bet since the Bills are the favored team to win. On the other hand, you only have to bet $100 to win $270 should you bet for the Giants as it is the underdog team.
The above was an example 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 Internet has today definitely made betting easier even though you will definitely need to work towards 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 in case you read and understand sports betting odds. Each sports book displays odds and you’ll 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 the bookies and make a killing by winning the highest amount of bets.