In case you have entered the betting arena without a clear strategy under consideration then you might emerge out as a very unhappy bettor, not to mention that you might also lose a lot of money in the process. Just as a doctor would require the right skills before operating over a patient, you too must work tirelessly to understand sports betting odds before making a killing inside the betting arena.
Each exciting sport such as boxing, tennis, golf, baseball, football, basketball, horse racing, car racing, and several such more qualify for betting. Even if the sport is college football games handled by way of the ncaa or pro football handled by the nfl, bets may be placed, even though the odds will surely differ in every sport and each game too. Odds are also displayed differently in various countries. For 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 must win if you decide to bet for or against the spread. A straightforward example will show you betting odds easily. For example in a nfl match between 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 near the teams name signifies the underdog and the top-dog. Hence, Buffalo Bills would be the top-dog due to the “-” sign whereas the Giants are the underdogs due to the “+” sign beside it. The figure 11.2 indicates the spread and 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 final figure of 160 next to the Bills indicates that you have to stake $160 to win $100 along with your stake on that bet since the Bills are the favored team to win. Alternatively, you only need to bet $100 to win $270 if you bet on the Giants since it is the underdog team.
The above was an illustration of betting odds in the American odds format. Each bookie displays odds in different 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 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 choose sites which have the most effective 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 amount of bets.