If you have entered the betting arena without having a clear strategy in mind then you might emerge out as a very unhappy bettor, plus you might 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 also will have to work hard in understanding sports betting odds before you make a killing in the betting arena.
Each exciting 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 games handled by the ncaa or pro football handled by way of the nfl, bets can be placed, even though the odds will surely differ in every 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 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 along with the top-dog, the over-under and also the spread through which you must win if you choose to bet for or against the spread. A simple example will explain betting odds easily. For instance in an 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 next to 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 are the underdogs because of the “+” sign beside 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 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 need to stake $160 to win $100 together with your stake on that bet since the Bills are the favored team to win. Alternatively, you simply have to bet $100 to win $270 should you bet on the Giants since it is the underdog team.
The above mentined was an example of betting odds from the American odds format. Each bookie displays odds in different formats but you would be able to quickly convert it in your format when using the odds converter available in most websites. The world wide web has today definitely made betting easier although you will certainly need to work on understanding and calculating the betting odds before you place your bet.
You might 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 displays odds and you will have to select sites that have the most effective odds for you to bet on. Understanding sports betting odds is essential if you wish to beat the odds and also the bookies and make a killing by winning the highest number of bets.