In case you have entered the betting arena without having a clear strategy in mind then you could emerge out as a very disappointed bettor, plus you might also lose a lot of money at the same time. Just as a doctor would need the right skills before operating on a patient, you too must work tirelessly in understanding sports betting odds before you make a killing in the betting arena.
Each fascinating sport such as boxing, tennis, golf, baseball, football, basketball, horse racing, car racing, and many such more qualify 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, even though the odds will surely differ in each sport and every game too. Odds are also displayed differently in various 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 together with the top-dog, the over-under and the spread by which you need to win if you decide to bet for or against the spread. A straightforward example will explain betting odds easily. For example in a 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 near the teams name signifies the underdog and the top-dog. Hence, Buffalo Bills is the top-dog because of the “-” sign whereas the Giants would be the underdogs because of the “+” sign beside it. The figure 11.2 signifies the spread plus the favored team has 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 next to the Bills signifies that you have to stake $160 to win $100 together with your stake on that bet since the Bills are classified as the favored team to win. On the other hand, you only need to bet $100 to win $270 should you bet for the Giants since it is the underdog team.
The above mentined was an example of betting odds in the American odds format. Each bookie displays odds in numerous formats however, you would be able to quickly convert it in your format when using the odds converter available in most websites. The Internet has today definitely made betting easier although you will definitely have to work on understanding and calculating the betting odds before you place 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 displays odds and you’ll have to select sites that have the most effective odds for you to bet on. Understanding sports betting odds is vital if you wish to beat the odds and also the bookies and make a killing by winning the highest number of bets.