In case you have entered the betting arena without a clear strategy in mind then you might emerge out as a very unhappy bettor, plus you could also lose a ton of money at the same time. Just like a doctor would need the right skills before operating over a patient, you also must work hard 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 many such more qualify for betting. Even if the sport is college football handled by way of the ncaa or pro football handled by way of the nfl, bets may be placed, even though the odds will surely differ in every 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 Countries in Europe 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 together with the top-dog, the over-under and also the spread through which you need to win if you choose to bet for or against the spread. A simple example will show you betting odds easily. For instance in an 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 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 due to the “+” sign next to 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 last figure of 160 near the Bills indicates that you have to stake $160 to win $100 together with your stake on that bet because the Bills are the favored team to win. On the other hand, you simply need to bet $100 to win $270 if you bet for the Giants since it is the underdog team. sport betting money management
The above was an example of betting odds from the American odds format. Each bookie displays odds in numerous formats but you would be able to 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 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 that have the best odds that you can bet on. Understanding sports betting odds is vital if you wish to beat the odds and also the bookies and make a killing by winning the highest number of bets.