In case you have entered the betting arena without having a clear strategy in mind then you might emerge out as a very disappointed bettor, not to mention that you could also lose a ton of money in the process. Just like a doctor would need the right skills before operating over a patient, you also must work hard in understanding sports betting odds before making a killing in the betting arena.
Each exciting sport including boxing, tennis, golf, baseball, football, basketball, horse racing, car racing, and many such more qualify for betting. Even when the sport is college football handled by the ncaa or pro football handled by the nfl, bets may be placed, even though the odds will certainly differ in every sport and each 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 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 need to win if you choose to bet for or against the spread. A straightforward example will explain 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 first sign next to the teams name signifies the underdog and also the top-dog. Hence, Buffalo Bills is the top-dog due to the “-” sign whereas the Giants are the underdogs due to 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 implies that you will need to bet $120 to win $100 on that spread. The last figure of 160 next to the Bills signifies that you need to stake $160 to win $100 together with your stake on that bet because the Bills are classified as the favored team to win. On the other hand, you simply have to bet $100 to win $270 if you bet on the Giants as it is the underdog team.
The above mentined was an illustration of betting odds in the American odds format. Each bookie displays odds in numerous formats however, 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 even though you will certainly need to work on understanding and calculating the betting odds prior to placing your bet.
You will definitely be able 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 choose sites that have the best odds for you to bet on. Understanding sports betting odds is essential if you want to beat the odds and the bookies and make a killing by winning the maximum amount of bets.