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 might also lose a ton of money at the same time. Just as a doctor would require the right skills before operating over a patient, you also will have to work tirelessly to understand sports betting odds before you make 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 when the sport is college football 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 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 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 also the spread through which you need to win if you decide to bet for or against the spread. A simple example will show you betting odds easily. For example in a nfl match involving 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 signifies the underdog and the top-dog. Hence, Buffalo Bills would be the top-dog due to the “-” sign while the Giants would be the underdogs due to the “+” sign beside it. The figure 11.2 indicates the spread plus the favored team has to win by the points mentioned on the spread. The figure 120 implies 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 along with your stake on that bet since the Bills are classified as the favored team to win. Alternatively, you simply need to bet $100 to win $270 should you bet for the Giants since it is the underdog team.
The above was an example of betting odds from the American odds format. Each bookie will display odds in numerous formats but 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 certainly have to work on understanding and calculating the betting odds before you place your bet.
You might certainly be in a position 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’ll have to select sites that have the best odds for you to bet on. Understanding sports betting odds is essential if you wish to beat the odds and the bookies and make a killing by winning the maximum number of bets.