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 require the right skills before operating on a patient, you also must work tirelessly to understand sports betting odds before making a killing in the betting arena.
Each fascinating sport including boxing, tennis, golf, baseball, football, basketball, horse racing, car racing, and many such more qualify 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 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 need to win if you choose 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 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 next to 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 means that you will have to bet $120 to win $100 on that spread. The last figure of 160 near the Bills indicates that you need to stake $160 to win $100 together with your stake on that bet because the Bills are the favored team to win. Alternatively, you only need to bet $100 to win $270 should you bet on the Giants since it is the underdog team.
The above was an example of betting odds from the American odds format. Each bookie displays odds in numerous formats but you would be able to quickly convert it in your format when using the odds converter available in most websites. The Internet has today definitely made betting easier although you will certainly have to work on understanding and calculating the betting odds prior to placing your bet.
You will 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’ll have to select sites that have the best odds for you to bet on. Understanding sports betting odds is vital if you want to beat the odds and also the bookies and make a killing by winning the maximum number of bets.