If you have entered the betting arena without having a clear strategy under consideration then you might emerge out as a very disappointed bettor, not to mention that you could also lose a lot of money in the process. Just like a doctor would need the right skills before operating over a patient, you also will have to work hard 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 are eligible for betting. Even when the sport is college football games handled by way of the ncaa or pro football handled by 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. 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 together with the top-dog, the over-under and also the spread through which you must win if you choose to bet for or against the spread. A straightforward example will explain betting odds easily. For instance in a nfl match involving 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 first sign next to the teams name signifies the underdog and the top-dog. Hence, Buffalo Bills would be the top-dog due to 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 implies that you will have to bet $120 to win $100 on that spread. The final figure of 160 near the Bills signifies that you have to stake $160 to win $100 together with your stake on that bet since the Bills are classified as the favored team to win. On the other hand, you simply have to bet $100 to win $270 should you bet for the Giants since it is the underdog team. quantitative sports betting
The above was an example of betting odds from the American odds format. Each bookie displays odds in different formats however, 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 might certainly 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 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 want to beat the odds and the bookies and make a killing by winning the highest number of bets.