In case you have entered the betting arena without a clear strategy in mind then you could emerge out as a very disappointed bettor, plus you might also lose a lot of money at the same time. Just as a doctor would require the right skills before operating on a patient, you also must work tirelessly to understand sports betting odds before you make a killing in the betting arena.
Each exciting sport including 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 handled by way of the ncaa or pro football handled by the nfl, bets can be placed, although the odds will surely 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 through 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 an 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 near the teams name indicates the underdog and also the top-dog. Hence, Buffalo Bills would be the top-dog due to the “-” sign while the Giants are the underdogs because of the “+” sign next to it. The figure 11.2 signifies the spread and the favored team has to win with the points mentioned on the spread. The figure 120 implies that you will have to bet $120 to win $100 on that spread. The final figure of 160 next to 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 as it is the underdog team. betting arbitrages robbie green
The above was an example of betting odds from the American odds format. Each bookie will display odds in numerous formats but you would be able to quickly convert it in your format by using the odds converter available in most websites. The world wide web has today definitely made betting easier even though you will definitely have to work towards understanding and calculating the betting odds before you place 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 select sites that have the most effective odds for you to bet on. Understanding sports betting odds is essential if you wish to beat the odds and also the bookies and make a killing by winning the maximum amount of bets.