If you have entered the betting arena without a clear strategy in mind then you could emerge out as a very unhappy bettor, plus you could also lose a ton of money at the same time. Just as a doctor would require the right skills before operating on a patient, you too must work hard in understanding sports betting odds before making a killing inside 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 when the sport is college football handled by the ncaa or pro football handled by way of the nfl, bets can be placed, although the odds will certainly differ in each sport and every game too. Odds are also displayed differently in different 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 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 instance in an 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 indicates the underdog and the top-dog. Therefore, Buffalo Bills is the top-dog due to the “-” sign whereas the Giants are the underdogs because of the “+” sign next to it. The figure 11.2 indicates the spread and the favored team has got to win by the points mentioned on the spread. The figure 120 implies that you will have to bet $120 to win $100 on that spread. The last figure of 160 next to the Bills signifies that you have to stake $160 to win $100 together with your stake on that bet because the Bills are the favored team to win. On the other hand, you only have to bet $100 to win $270 if you bet for the Giants as it is the underdog team.
The above mentined was an illustration of betting odds from the American odds format. Each bookie displays odds in different formats but you could 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 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 will display odds and you’ll have to select sites which have the most effective odds that you can bet on. Understanding sports betting odds is vital if you wish to beat the odds and the bookies and make a killing by winning the highest amount of bets.