If 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 might also lose a lot of money in the process. Just as a doctor would require the right skills before operating on a patient, you also 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 if the sport is college football games handled by way of the ncaa or pro football handled by way of the nfl, bets may be placed, although the odds will certainly 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 European countries 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 the spread through which you must win if you decide to bet for or against the spread. A simple example will show you betting odds easily. For example in an nfl match involving 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 near the teams name indicates the underdog and the top-dog. Therefore, Buffalo Bills would be the top-dog because of the “-” sign whereas the Giants are the underdogs due to the “+” sign beside it. The figure 11.2 signifies the spread plus the favored team has 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 final figure of 160 next to the Bills indicates 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 simply have to bet $100 to win $270 if you bet on the Giants since it is the underdog team.
The above mentined was an example of betting odds in the American odds format. Each bookie displays odds in different formats however, you could quickly convert it in your format by using the odds converter available in most websites. The Internet has today definitely made betting easier although you will definitely need to work towards understanding and calculating the betting odds prior to placing 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 will have to choose sites which have the most effective odds that you can bet on. Understanding sports betting odds is essential if you wish to beat the odds and also the bookies and make a killing by winning the maximum amount of bets.