If you have entered the betting arena without having a clear strategy under consideration then you might emerge out as a very unhappy bettor, plus you could also lose a ton of money in the process. Just as a doctor would require the right skills before operating on a patient, you also will have to work hard in understanding sports betting odds before you make a killing in the betting arena.
Each exciting sport such as boxing, tennis, golf, baseball, football, basketball, horse racing, car racing, and many such more qualify for betting. Even if the sport is college football handled by the ncaa or pro football handled by way of the nfl, bets may be placed, even though the odds will surely differ in each 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 also the UK displays odds as Fractional odds, i.e. 8/8, 8/4, etc.
Sports betting odds also display the underdog team together with the top-dog, the over-under and the spread by which you must win if you choose to bet for or against the spread. A simple example will explain betting odds easily. For instance in an 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 very first sign near the teams name signifies the underdog and the top-dog. Therefore, Buffalo Bills would be the top-dog because of the “-” sign while the Giants are the underdogs because of the “+” sign beside it. The figure 11.2 signifies the spread and the favored team has got 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 last figure of 160 near the Bills signifies 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 only have to bet $100 to win $270 should you bet for the Giants since it is the underdog team. sport & betting 2013
The above was an example of betting odds from 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 obtainable in most websites. The Internet has today definitely made betting easier even though you will definitely have to work towards understanding and calculating the betting odds prior to placing your bet.
You will certainly 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’ll have to choose sites which have the best odds for you to bet on. Understanding sports betting odds is vital if you wish to beat the odds and the bookies and make a killing by winning the highest number of bets.