If you have entered the betting arena without having a clear strategy under consideration then you could emerge out as a very unhappy bettor, plus you might also lose a lot of money at the same time. Just as a doctor would require 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 many such more are eligible for betting. Even if the sport is college football games handled by the ncaa or pro football handled by 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 along with the top-dog, the over-under and also the spread through which you must win if you choose to bet for or against the spread. A simple example will show you betting odds easily. For example in an 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 signifies the underdog and also 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 next to it. The figure 11.2 signifies the spread and the favored team has to win by the points mentioned on the spread. The figure 120 means that you will have 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 since the Bills are the favored team to win. On the other hand, 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 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 need to work on understanding and calculating the betting odds prior to placing your bet.
You might certainly be in a position 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’ll have to choose 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 also the bookies and make a killing by winning the highest amount of bets.