In case you have entered the betting arena without having a clear strategy under consideration then you could emerge out as a very disappointed bettor, not to mention that you might also lose a lot of money at the same time. Just like a doctor would require the right skills before operating on a patient, you too will have to work hard 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 way of the nfl, bets can be placed, even though 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 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 the spread by which you must win if you choose to bet for or against the spread. A straightforward example will show you betting odds easily. For instance 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 first sign near the teams name signifies the underdog and also the top-dog. Hence, Buffalo Bills is the top-dog because of the “-” sign while the Giants would be the underdogs because of the “+” sign next to it. The figure 11.2 indicates the spread plus the favored team has got to win with 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 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 only have to bet $100 to win $270 should you bet on the Giants since it is the underdog team.
The above was an example of betting odds in the American odds format. Each bookie displays odds in numerous 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 even though you will certainly need to work on understanding and calculating the betting odds before you place your bet.
You might definitely 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 most effective odds for you to 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 maximum amount of bets.