In case 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 on a patient, you also must work hard in understanding sports betting odds before making a killing inside the betting arena.
Each exciting sport such as 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 can be placed, although the odds will surely differ in each sport and every game too. Odds are also displayed differently in different 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 together with the top-dog, the over-under and also the spread by which you must win if you decide to bet for or against the spread. A simple example will explain betting odds easily. For instance 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 very first sign near the teams name signifies the underdog and the top-dog. Therefore, Buffalo Bills would be the top-dog due to the “-” sign while the Giants are the underdogs because of the “+” sign next to it. The figure 11.2 indicates the spread and 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 signifies that you have to stake $160 to win $100 along with your stake on that bet since the Bills are classified as the favored team to win. Alternatively, you simply have to bet $100 to win $270 if you bet on the Giants as it is the underdog team.
The above mentined was an example of betting odds in 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 on understanding and calculating the betting odds prior to placing your bet.
You might 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 which have the best 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 maximum number of bets.