In case you have entered the betting arena without having a clear strategy in mind then you could emerge out as a very disappointed bettor, not to mention that you could also lose a ton of money in the process. Just like a doctor would require the right skills before operating over a patient, you too must work tirelessly to understand sports betting odds before making a killing in the betting arena.

Each fascinating 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 way of the nfl, bets may be placed, although the odds will surely differ in every sport and every 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 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 also the spread through which you must win if you decide to bet for or against the spread. A simple example will show you betting odds easily. For instance 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 very first sign next to the teams name signifies the underdog and the top-dog. Hence, Buffalo Bills would be the top-dog because of the “-” sign whereas the Giants are the underdogs because of the “+” sign beside it. The figure 11.2 indicates the spread plus the favored team has got to win by the points mentioned on the spread. The figure 120 implies that you will need to bet $120 to win $100 on that spread. The last figure of 160 next to the Bills signifies 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 simply have to bet $100 to win $270 if you bet for the Giants as it is the underdog team. sport betting books

The above mentined was an example of betting odds from the American odds format. Each bookie will display odds in different formats however, you could quickly convert it in your format when 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 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 will display odds and you will have to select sites that have the most effective odds that you can 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 amount of bets.