If you have entered the betting arena without having a clear strategy under consideration then you could emerge out as a very disappointed bettor, not to mention that you might also lose a lot of money at the same time. Just as a doctor would require the right skills before operating over a patient, you too will have to work tirelessly to understand sports betting odds before you make a killing in the betting arena.
Each fascinating 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 games handled by the ncaa or pro football handled by the nfl, bets can be placed, although the odds will surely differ in every 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 the spread by which you need to win if you choose to bet for or against the spread. A straightforward example will explain 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 indicates the underdog and also the top-dog. Hence, Buffalo Bills is the top-dog because of the “-” sign while the Giants would be the underdogs due to the “+” sign beside it. The figure 11.2 indicates the spread and the favored team has to win by the points mentioned on the spread. The figure 120 implies that you will need to bet $120 to win $100 on that spread. The last figure of 160 next to the Bills indicates that you need to stake $160 to win $100 along 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 if you bet for 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 numerous formats however, you could quickly convert it in your format by 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 towards understanding and calculating the betting odds before you place your bet.
You might definitely be in a position 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.