In case you have entered the betting arena without a clear strategy in mind then you could emerge out as a very disappointed bettor, plus you could also lose a ton of money in the process. Just as a doctor would require the right skills before operating on a patient, you also must work tirelessly to understand sports betting odds before you make a killing inside the betting arena.
Each exciting sport including boxing, tennis, golf, baseball, football, basketball, horse racing, car racing, and several such more are eligible for betting. Even when the sport is college football handled by the ncaa or pro football handled by the nfl, bets may be placed, although the odds will surely differ in every 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 together with the top-dog, the over-under and also the spread by which you need to win if you choose to bet for or against the spread. A simple 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 first sign next to the teams name indicates the underdog and also the top-dog. Hence, Buffalo Bills is the top-dog due to the “-” sign while the Giants are the underdogs because of the “+” sign beside it. The figure 11.2 indicates the spread plus the favored team has got 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 last figure of 160 near the Bills indicates that you need to stake $160 to win $100 together with your stake on that bet since the Bills are the favored team to win. Alternatively, you only have to bet $100 to win $270 should you bet on the Giants as it is the underdog team.
The above was an example of betting odds from the American odds format. Each bookie displays odds in different formats but you would be able to quickly convert it in your format when using the odds converter obtainable in most websites. The Internet has today definitely made betting easier although you will definitely have to work towards 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 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 essential if you wish to beat the odds and the bookies and make a killing by winning the maximum amount of bets.