In case you have entered the betting arena without having a clear strategy under consideration then you could emerge out as a very disappointed bettor, plus you might also lose a ton of money at the same time. Just as 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 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 can be placed, even though the odds will surely differ in every sport and every 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 European countries 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 explain betting odds easily. For example in a 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 also the top-dog. Therefore, Buffalo Bills would be the top-dog because of the “-” sign whereas the Giants are the underdogs because of the “+” sign next to it. The figure 11.2 indicates the spread and the favored team has to win by 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 next to the Bills signifies that you have to stake $160 to win $100 along with your stake on that bet because the Bills are the favored team to win. Alternatively, you only need to bet $100 to win $270 should you bet for the Giants since it is the underdog team. top 10 sport betting sites

The above was an example of betting odds in the American odds format. Each bookie will display odds in different 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 certainly need to work on understanding and calculating the betting odds prior to placing 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 will display odds and you’ll have to select sites which have the best odds for you to bet on. Understanding sports betting odds is vital if you want to beat the odds and also the bookies and make a killing by winning the highest number of bets.