If you have entered the betting arena without 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 at the same time. Just as a doctor would need the right skills before operating on a patient, you too must work hard in understanding 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 several such more qualify for betting. Even if the sport is college football handled by the ncaa or pro football handled by way of 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 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 the spread through which you must win if you decide to bet for or against the spread. A straightforward example will show you betting odds easily. For example in an 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 next to the teams name signifies the underdog and also the top-dog. Hence, Buffalo Bills is the top-dog due to the “-” sign whereas the Giants would be the underdogs due to the “+” sign next to it. The figure 11.2 signifies the spread and the favored team has to win by the points mentioned on the spread. The figure 120 means that you will need to bet $120 to win $100 on that spread. The last figure of 160 near the Bills signifies 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. Alternatively, you simply need to bet $100 to win $270 should you bet on the Giants since 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 however, you could quickly convert it in your format when using the odds converter available in most websites. The Internet has today definitely made betting easier even though you will definitely have to work on understanding and calculating the betting odds before you place your bet.
You will definitely 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 will display odds and you’ll have to choose sites that have the best 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 maximum amount of bets.