If you have entered the betting arena without having a clear strategy under consideration then you might emerge out as a very disappointed bettor, plus you might also lose a lot of money in the process. Just like a doctor would need the right skills before operating over a patient, you too must work tirelessly to understand sports betting odds before you make a killing in the betting arena.
Each fascinating sport such as boxing, tennis, golf, baseball, football, basketball, horse racing, car racing, and many such more are eligible for betting. Even when the sport is college football games handled by the ncaa or pro football handled by the nfl, bets can be placed, even though the odds will surely differ in each 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 European countries 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 also the spread through which you must win if you decide to bet for or against the spread. A straightforward example will explain betting odds easily. For instance in a nfl match between 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 next to the teams name indicates the underdog and the top-dog. Hence, Buffalo Bills would be the top-dog because of the “-” sign whereas the Giants are the underdogs because of the “+” sign next to it. The figure 11.2 indicates the spread plus 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 near the Bills indicates that you need to stake $160 to win $100 together with your stake on that bet since the Bills are the favored team to win. On the other hand, you only need to bet $100 to win $270 if you bet for the Giants since it is the underdog team.
The above was an example of betting odds from the American odds format. Each bookie will display odds in numerous formats however, you would be able to quickly convert it in your format when using the odds converter obtainable in most websites. The world wide web 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 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 select sites which have the best odds for you to bet on. Understanding sports betting odds is vital if you want to beat the odds and the bookies and make a killing by winning the highest amount of bets.