In case you have entered the betting arena without 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 will have to work hard in understanding 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 several 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 may be placed, although the odds will surely differ in each sport and every 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 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 the spread by which you must win if you decide to bet for or against the spread. A straightforward example will explain betting odds easily. For instance in an 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 first sign near the teams name indicates the underdog and the top-dog. Hence, Buffalo Bills is the top-dog due to the “-” sign while the Giants are the underdogs because of 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 means that you will need to bet $120 to win $100 on that spread. The final 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 classified as the favored team to win. Alternatively, you only need to bet $100 to win $270 if you bet for the Giants as it is the underdog team.
The above mentined was an example of betting odds in the American odds format. Each bookie will display odds in numerous formats but you would be able to quickly convert it in your format by using the odds converter obtainable in most websites. The Internet has today definitely made betting easier although you will certainly need to work towards 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 in case you read and understand sports betting odds. Each sports book displays odds and you will have to choose sites which have the most effective 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 highest number of bets.