Spread betting is sometimes called point spread betting or even straight betting, although straight bet refers to a bet on only one event. It is not as profitable as arbitrage betting but if you are person with extensive sports knowledge then spread betting might be the best for you. Recall that with spread betting, the (-) indicates which team is the favorite to win, and the (+) indicates which team is the underdog.
I wrote up a guide to golf betting that explains these unique features so you can feel comfortable wagering on PGA events too. We’ll step through how you would place a bet in person at the ticket window. From our NFL sample, you can see the Bills are getting 4.5 betting the spread points while the Steelers are laying 4.5. Next to the point spread are the odds which both are at -110. Odds of -110 is pretty common, but sometimes you can find a sportsbook with reduced juice. Using our example, the Steelers are favored to win over the Bills.
Other Nfl Spread Betting Information
Just like with baseball, hockey spreads are 1.5, although at times, 2.5-goal spreads are available. In baseball, a team’s success is greatly influenced by their starting pitcher-so much so, that they’re often included in MLB spread bets. In these cases, the pitcher listed in the spread must start for the bet to be active. In this example, betting $100 on the Red Sox would pay $135, and betting $155 on the Giants would pay $100. These odds will shift before the game begins in order to balance the action between both teams. Because the spread is standard and quite small, buying points isn’t an option with the MLB runline.
That’s similar as to why you see moneyline betting odds priced accordingly. In our example, if you bet on Alabama as a 24.5-point favorite against Vanderbilt, you would need Alabama to win the game by at least 25 points to win the bet. If Alabama wins the game by 24 points or fewer, you will lose the bet because the Crimson Tide didn’t cover.
Point Spread In Sports Betting: Definition, Examples, How To Make A Super Bowl Spread Bet
Where a moneyline bet involves picking one team to win outright , the losing team in a point spread bet may still provide a win for bettors, depending on the score of the sporting event. Taking the early example, if Oklahoma beats Kansas 51-21, a 30-point margin, Kansas would be a heavy loser but cover the spread. In the United Kingdom, sports spread betting became popular in the late 1980s by offering an alternative form of sports wagering to traditional fixed odds, or fixed-risk, betting. Point spread betting is the most popular form of sports betting in the United States. The primary purpose of point spread betting is to create an opportunity to wager money on teams/athletes in a given contest by assessing their relative strength against each other.
Favorites are always listed with a negative (-) point spread line while the underdog is posted with positive (+) odds. In the NBA example above, Los Angeles needed to win by more than six points to cover the spread versus Houston. If the Lakers won by exactly six points, the bet would be ruled a push and whatever money was wagered would be returned to the bettor. A 7-point spread simply refers to the number of points posted alongside a team’s odds of winning. When there is a 7-point spread, it means that the favorite team needs to win by more than 7 points to win the bet. It also means that the underdog can lose less than 7 points to win the bet.
Betting 101: What Is A Money Line Bet In Sports Betting?
Most spread bets will be -110, so the sportsbook takes a 10% cut. The handicapping and odds information found on SportsBettingDime.com is strictly for entertainment purposes. Furthermore, the unique odds we produce in select news articles are also for amusement, and are not available to be wagered on. Please check the online gambling regulations in your jurisdiction before placing any wagers with the betting sites advertised on SportsBettingDime.com, as they do vary. SportsBettingDime.com does not target any individuals under the age of 21.
- However, this also means any losses cannot be offset against future earnings for tax calculations.
- In the UK, spread betting is regulated by the Financial Conduct Authority rather than the Gambling Commission.
- Learning how sports betting odds work can be intimidating at first, but our guide will teach you how to read odds in no time!
- Even though this type of betting is so popular, it may take awhile to understand.
- When the spread is a whole number, like 4, there’s a chance that the favorite will win by the exact number presented in the spread.
- Against the spread wagering is part of the standard big three betting options, which also includes moneylines and totals.
The underdog is the team considered less likely to win, or put another way, more likely to lose. For point spread betting purposes, the value of the point spread is added to the team’s total as part of the wager. Click here for our comprehensive guide on how to bet on NBA basketball. Not every state has legalized sports betting so check if your state has legal betting on the NBA. The first option involves a simple bet on the moneyline, which is where new bettors often start. As you get comfortable with sports betting, you’ll want to progress to the point spread for the added value.
Point Spreads: A Sports Betting Essential
They are also similar to ‘Runline’ bets in baseball which we are going to address shortly. If you win your point spread bets, you all received your original stake of $110 + the $100 you won on the point spread for a grand total of $210. Typically, sports bettors pay 10% to the bookmaker, the equivalent of a brokerage fee. In our example, the figure is -120, and it indicates that you must risk $120 to win $100. If one team is expected to win, the odds need to reflect enough enticement for people to place bets on that team.
What happens if you hit the spread?
If the point spread is an even number and the difference in the competition’s result falls directly on that number such that the teams are then evenly scored, it is a tie. In point spread betting, a tie is called a “push.” In the case of a push, all bets are returned to the bettor.
If you’re betting the underdog, points will be added to the spread, whereas if you’re betting the favorite, points will be subtracted from the spread. This shift signifies that New England moved to become less of a favorite than at the opening line. If you’re a bettor who placed a wager on the Bills at +8, this is good news for you, as you’re now getting an extra betting the spread point that isn’t available anymore. If you placed a wager on the Patriots -8, you now need to overcome an additional point to win. Sportsbooks and oddsmakers may very well change a point spread to keep the handicap even. Injuries, starting lineups, weather, and volume of bets on one side or the other are a handful of the reasons for a point spread to change.
Indiana Legal Sports Betting: How To Bet On The Indianapolis Colts For Beginner Bettors
This article will help to assist readers, sports betting explained in a digestible way, in understanding how to cover the spread and providing examples of its use. In hockey and baseball, the terms puckline and runline are used. As with basketball and football, the (-) indicates the favorite team, and the (+) indicates the underdog. You will notice that the number – 1.5 – is much lower than you would see in NBA point spreads and NFL betting lines. The reason is attributed to much lower scoring in these sports.
What happens if the spread is exact?
NOTE: If the favorite won the game by the exact amount indicated by the spread, the game ends in a tie (or push) and all money is refunded. You do not win or lose any money.
The large majority of wagers involve bettors are picking a side in a game between two teams or individuals. A point spread is used by oddsmakers to even out a matchup from a betting perspective, assigning more or fewer points to a team’s final score. In order to win a point spread wager, a bettor must “beat the spread.” Stock catalyst As a result of a more even matchup, point spread betting offers flatter payouts that are often even on both sides. A moneyline bet is on a team to win the game outright at an adjusted cost. Just like with point spread betting, the favorite will have negative odds, while the underdog will have positive odds.
Prop Bets Explained
Designed to create action on both sides when one is deemed superior to the other, point spread betting was invented by mathematician Charles K. McNeil and introduced in the early 1940s. Against the spread wagering is part of the standard big three betting options, which also includes moneylines and totals. Points spreads are a popular gambling choice in pro and college football as well as basketball. Here are some examples of ATS betting odds from the NCAA, NBA and NFL.
Now, if the favorite beats the underdogs by 6 points, the result is a push instead of a loss. As for the underdogs, if they lose by exactly 7 points, the result is a push where it would have been a loss with the original +6.5 spread. Using multiples of 100 makes it quick and easy to see the value and cost of a bet; it doesn’t mean your bets need to be $100.
Reviewed by: Callum Cliffe