In case you have entered the betting arena without having a clear strategy under consideration then you might emerge out as a very disappointed bettor, not to mention that you could also lose a ton of money at the same time. Just like a doctor would need the right skills before operating on a patient, you also must work hard to understand sports betting odds before making 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 are eligible for betting. Even if the sport is college football handled by way of the ncaa or pro football handled by the nfl, bets can be placed, although the odds will surely differ in each sport and every 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 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 the spread through which you need to win if you decide to bet for or against the spread. A straightforward 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 next to the teams name indicates the underdog and the top-dog. Hence, 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 to win with the points mentioned on the spread. The figure 120 means that you will need to bet $120 to win $100 on that spread. The last figure of 160 near the Bills indicates 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 simply need 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 could quickly convert it in your format when using the odds converter available in most websites. The world wide web has today definitely made betting easier although you will definitely have to work towards understanding and calculating the betting odds prior to placing your bet.
You will 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 displays odds and you will have to choose sites which have the best odds that you can 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.