If you have entered the betting arena without a clear strategy under consideration then you might emerge out as a very unhappy bettor, not to mention that you might also lose a lot of money at the same time. Just like a doctor would need the right skills before operating over a patient, you also will have to work tirelessly in understanding sports betting odds before making a killing in the betting arena.
Each exciting sport such as boxing, tennis, golf, baseball, football, basketball, horse racing, car racing, and several such more qualify for betting. Even when the sport is college football games handled by the ncaa or pro football handled by way of 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 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 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 by which you need to win if you choose to bet for or against the spread. A simple example will explain betting odds easily. For example in a 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 indicates the underdog and the top-dog. Therefore, Buffalo Bills would be the top-dog because of the “-” sign while the Giants would be the underdogs because of the “+” sign beside it. The figure 11.2 indicates the spread and the favored team has got to win by 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 signifies that you need to stake $160 to win $100 together with your stake on that bet since the Bills are classified as the favored team to win. Alternatively, you simply need to bet $100 to win $270 if you bet for the Giants as it is the underdog team. sport betting video
The above was an illustration of betting odds in the American odds format. Each bookie will display odds in different 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 have to work towards understanding and calculating the betting odds prior to placing your bet.
You will 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 displays odds and you will have to choose sites which have the most effective odds that you can 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 maximum amount of bets.