How To Bet On Sports Point Spread

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Betting on Sports 101 – The Point Spread
If you are new to sports betting, all the different terms and lingo used in the industry may all be a bit overwhelming… perhaps you figure it should be just as easy as picking the winning team and that’s it, but then that’d be way to easy, there are many different types of bets, and as you get familiar with each of them you’ll soon realize they are not complicated at all and that with a bit of skill and knowledge you can use them to your benefit.
In this occasion we will explain how to bet on sports using the point spread system. So let’s start with the basic concept: when two teams face each other there’s usually one of them that is superior to the other, therefore making it the favorite, but how much better is one team in relation to the other? That’s where the point spread comes in, assigning a point value to the outcome, sportsbooks manage to attract wagers on both sides using this system and it also makes the games that much more exciting, because let’s face it, what is the point of watching a lopsided game? When you are using the Point Spread you are not betting on which team will win, but by how many points it will win or lose.
Betting on sports using the point spread is particularly popular when betting on basketball and football, but it is used in other sports and propositions bets as well. Point spreads are represented using minus (-) and plus (+) signs. So in order to explain this betting option as clearly as possible, let’s look at the following example:
In this particular case, the Warriors with the -3 represent the favorite team, the minus indicates they are “giving away” 3 points; in other words if you are choosing the Warriors to win at -3, the Warriors must win by a difference of 4 points in the final score in order for you to win the bet, for example 110 to 106 (110-3 =107), if the difference is of only 3 points in favor of the Warriors, say 109-106, the bet would be a tie (109-3 = 106).
If you are choosing the underdog (Cavaliers) at +3 this means the Cavaliers must win the game, or worst case scenario lose by fewer number of points than what the line indicates, in other words if the Cavaliers lose by 1 or 2 points you’d still win the bet. For example if the final score is Warriors 108 to Cavaliers 106 you win because 106 + 3 = 109 which is higher than the 108 scored by Warriors. If they lose by three points you have a tie (take an example of a score 109-106, you have +3 that make is 109-109) and if the difference is bigger than that, as in our first example you’d lose the bet. Betting on sports using the point spread can be a good tool when choosing the underdog.
Sometimes you’ll see half points added to the line to avoid pushes or ties, for instance if the line is -3 ½ and you have the Warriors at this number, if the score is 109 to 106 you’d end up with 109 – 3 ½ = 105 ½ , therefore losing the bet; so that half a point can make a big difference when you are betting on sports using the point spread.
You’ll realize as you get familiar with betting on sports using the point spread that the line opens at one number and moves to another as the event approaches, this is normal and it’s done by bookmakers to attract wagers on one of the sides depending on where the money is being placed; this allows them to “balance things out” and not end up losing a ton of money. You have to know when to take advantage of a particular point spread, sometimes depending on which game and team you are betting you’ll be better off if you choose to bet early on and other times you may want to wait until the line moves to a more favorable number.
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Betting against the spread goes beyond the simple wins and losses of a sporting event. Betting on the favorite with the spread requires your team to win the game by a certain point margin. Betting on an underdog with the spread allows your team to lose the game, as long as it’s not by more than the given number of points.
When looking at the odds board, the favorite will be displayed with a minus sign in front of the spread. That is the number of points that team has to win the game by in order to cover the spread. You won’t always see a number for the other team, the underdog, because it’s understood that they are receiving the same number of points. The underdog can lose the game, as long as it’s not by more than the points they are being given.
The point spread is the great equalizer. Who would want to bet on a football game between the best team in the league and the worst? The outcome gets a lot more interesting when you give the bad team a 20-point head start. It creates a level playing field between the teams. Every football and basketball game will have a point spread associated with it, with the rare exception of a pick’em game between two evenly-matched teams where there is no favorite or underdog.
Hockey and baseball also have point spreads, but they work a little different. In hockey (the puckline) and baseball (the runline), the favorite is always -1.5 on the spread with the underdog at +1.5. Betting on the favorite requires your hockey or baseball team to win its game by two or more goals or runs. Conversely, betting on the underdog at +1.5 means that your team can lose by either one run or one goal, and your ticket will still cash.
When looking to bet an individual basketball or football game against the spread, you will traditionally have odds of -110. That juice can vary from sports book to sports book, but laying -110 is the industry standard. That means that you need to lay $110 to win $100 (collect $210 on a winning bet). You need to lay $11 to win $10 (collect $21 on a winning bet).
How do Las Vegas oddsmakers make the point spread in sports gambling? WagerTalk co-founder The Prez sat down with Golden Nugget Race & Sports Book Executive Director Tony Miller to go over what goes into creating point spreads.
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