In case you have entered the betting arena without a clear strategy in mind then you could emerge out as a very disappointed bettor, not to mention that you might also lose a lot of money at the same time. Just as a doctor would need the right skills before operating over a patient, you also must work tirelessly in understanding sports betting odds before making a killing inside 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 if the sport is college football games handled by the ncaa or pro football handled by the nfl, bets may be placed, although the odds will certainly differ in each sport and each game too. Odds are also displayed differently in different countries. By way of 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 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 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 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 next to the teams name signifies the underdog and also the top-dog. Hence, Buffalo Bills is the top-dog because of the “-” sign whereas the Giants would be the underdogs due to the “+” sign beside 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 have to bet $120 to win $100 on that spread. The final figure of 160 near the Bills signifies that you need 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 need to bet $100 to win $270 should 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 different formats but you would be able to quickly convert it in your format by using the odds converter obtainable in most websites. The world wide web has today definitely made betting easier although you will certainly need to work towards understanding and calculating the betting odds prior to placing your bet.
You might definitely 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 for you to bet on. Understanding sports betting odds is essential if you want to beat the odds and also the bookies and make a killing by winning the maximum number of bets.