In case 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 could also lose a lot of money in the process. Just like a doctor would require the right skills before operating over a patient, you too will have to work hard in understanding sports betting odds before making a killing inside the betting arena.
Each fascinating sport such as boxing, tennis, golf, baseball, football, basketball, horse racing, car racing, and many 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, even though the odds will certainly 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 Countries in Europe display odds as Decimal odds, i.e. 2.50, 1.30, etc, and 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 by which you need to win if you decide to bet for or against the spread. A simple example will explain 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 signifies the underdog and the top-dog. Hence, Buffalo Bills is the top-dog due to the “-” sign while the Giants would be the underdogs because of the “+” sign next to it. The figure 11.2 indicates the spread plus the favored team has got to win by the points mentioned on the spread. The figure 120 implies that you will have to bet $120 to win $100 on that spread. The final figure of 160 next to the Bills indicates that you have to stake $160 to win $100 together with your stake on that bet because the Bills are classified as 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 mentined was an example of betting odds from the American odds format. Each bookie will display odds in numerous formats but you could quickly convert it in your format by using the odds converter obtainable in most websites. The world wide web has today definitely made betting easier even though you will definitely have to work on understanding and calculating the betting odds before you place your bet.
You might certainly 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’ll 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 the bookies and make a killing by winning the highest number of bets.