If you have entered the betting arena without having a clear strategy under consideration then you might emerge out as a very unhappy 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 over a patient, you too will have to work tirelessly to understand sports betting odds before making a killing inside the betting arena.
Each fascinating sport including boxing, tennis, golf, baseball, football, basketball, horse racing, car racing, and many such more are eligible for betting. Even when the sport is college football games handled by way of 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 different countries. For 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 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 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 the top-dog. Hence, Buffalo Bills would be the top-dog due to the “-” sign while the Giants are the underdogs due to the “+” sign beside it. The figure 11.2 indicates the spread plus the favored team has 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 along with your stake on that bet since the Bills are 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 was an example of betting odds in the American odds format. Each bookie displays 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 definitely have to work towards understanding and calculating the betting odds prior to placing 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 will have to select sites which have the best odds that you can bet on. Understanding sports betting odds is essential if you wish to beat the odds and the bookies and make a killing by winning the maximum amount of bets.