In case you have entered the betting arena without having a clear strategy in mind then you could emerge out as a very unhappy bettor, not to mention that you could also lose a lot of money at the same time. Just as a doctor would need the right skills before operating over a patient, you too must work hard to understand sports betting odds before you make 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 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 certainly 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 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 through which you need to win if you decide to bet for or against the spread. A straightforward example will explain 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 very first sign near 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 due to the “+” sign next to it. The figure 11.2 indicates the spread plus the favored team has got to win with the points mentioned on the spread. The figure 120 implies 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 along with your stake on that bet because the Bills are the favored team to win. On the other hand, 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 however, you would be able to quickly convert it in your format when using the odds converter obtainable 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 will certainly be able 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 will have to select sites that have the best odds that you can bet on. Understanding sports betting odds is vital if you wish to beat the odds and the bookies and make a killing by winning the maximum number of bets.