Basketball Point Spread Bovada Betting
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No form of NCAAB betting is more popular than the point spread. So popular that phrases like "betting the spread" or "covered the spread" have entered the English-language lexicon. Given the huge appetite for NCAA basketball point spread betting , we've hand-crafted this betting guide on this specific wager type.
But before we break down the nuances of point spread college basketball, we must first define what "the spread" even is . The bare-bones definition is a point margin that a college basketball team either must win or lose by.
Unless the game is a true toss-up (e.g. a pick 'em wager), bookies will set one team as the betting favorite and the other as the underdog. Therefore, the spread acts as a "handicap" per se that evens out the playing field . The favorite "covers" if they win the game by more than that scoring margin. Underdogs cover if they lose by under that margin or win the contest straight up.
That's the Vegas point spread college basketball in a nutshell — but as you'll soon learn, winning these bets isn't nearly as easy as the wager sounds. Regardless, if it's very doable, so long as you follow our advice on nailing NCAAB predictions against the spread.
During the playing season, you'll have opportunities galore to bet on college basketball spreads . Between November and March, the season is jam-packed with college hoop games as there are more than 350 schools with Division I programs. 350!
It all climaxes with the March Madness tournament in, you guessed it, March. The championship tournament involves 68 teams and 67 games, which means 67 unique point spread NCAA basketball tournament lines .
This is every point spread bettors dream, so long as you have an online sportsbook to handle all your wagers. While there's plenty of bookmakers, a few, in particular, make NCAA college basketball point spread a chief priority. Here are our three suggested sportsbooks to use in that regard:
One of the premier spots for college lines and spreads is Bovada . This bookmaker's wagering selection is second-to-none in the industry and that's a quality that should be of value to all bettors. Realistically, players could do all their betting on Vegas spread NCAA basketball on-site without missing out .
Despite the expansive menu, Bovada makes the betting experience seamless — whether you're on a desktop or a mobile device. The user interface is an industry leader in both ease of use and cosmetics.
This dichotomy makes Bovada an all-in-one package for gamblers. By registering to the site, one is joining the ranks with thousands of others that have flocked to Bovada, making it one of the most-used online bookies in the world.
Point spreads NCAA basketball are also a prominent fixture at the BetOnline sportsbook. If it's at D1 basketball game — whether it's in Arkansas or Wyoming — it's bettable at this bookie.
However, where BetOnline really earns its mettle is in its sign-up bonus . While most online sportsbooks offer a new player promo, few match Bovada's in pure value. They'll match a first-time player's deposit into the platform by 50 percent — with a max reward of $1000 in free play.
That award can go a long way when making NCAA basketball predictions against the spread throughout the year. For one, it's a great way to build a bankroll. Two, for new bettors, you can "learn the ropes" of wagering while on someone else's dime. All in all, this deal by BetOnline is a real bargain for bettors.
Another top-notch option is GTBets . The point spread for NCAA basketball are also abundant at this bookie — and at great prices, too. The odds mimic many of the same ones you'd find in a powerhouse casino in Las Vegas.
But where GTBets really separates itself from the competition is in its GameTimeRewards program . This loyalty service gives bettors points on every wager made on-site, no matter if its a point spread on NCAA basketball games or an entirely different sport.
As we alluded to before, NCAA odds are available non-stop during the season. If you'll be gambling on a consistent basis, you might as well get paid to play — and that's exactly what GTBets' loyalty program does.
In case you're looking for more places to get point spread NCAA basketball lines , we have a full list of recommendations below. To make your decision easier, we've also included site reviews and bonus detail information. Compare and contrast the sportsbooks to make an informed decision on where to gamble this year.
Earlier we explained what a college basketball point spread was, but we need to add more context to give you a textbook understanding of it. This is best done through an example. Let's say Virginia is facing Miami. The spread might be -5 for the Cavaliers, while the Hurricanes are +5.
The difference between the spreads lies in the plus and minus sign . The positive-sum for Miami indicates they're underdogs, whereas the minus-sum is the giveaway that Virginia is favored. Therefore, in order to cover, the Cavs must win by at least six points, whereas Miami has more leeway, they can lose by under five points or win outright to cover its spread.
It's no coincidence that the NCAA basketball spread is dead-even at five points. This will always — and we mean always — be the case. It's by design as bookies try to get an equal amount of bets on each side.
Beyond the actual point spread, you'll also see odds listed for each bet. By and large, it's usually a -110 line on both sides . This odd represents how much money you stand to make on the wager if the NCAA basketball spread predictions pan out. At -110, you'll earn a $100 profit on every $110 staked.
Not getting even money (you have to bet $10 more) on wins is also by design. That 10-percent price hike is what's referred to as the "juice" and is essentially a bookmaking fee. In an ideal world, bookies get equal action on a wager, therefore, they guarantee themselves a profit from the juice alone on the losing tickets.
Circling back to our example. You might hear Virginia are five-point favorites. That's true, but a more accurate way of putting it is, "bookmakers believe they can balance out the betting action by listing Cavs as five-point favorites."
In the lead-up to a game, if you notice the Vegas spread college basketball shifting — without any news that'll affect the game like an injury or player suspension —that's because bookies are getting a drastically uneven amount of bets on the game. Bookmakers will update the spread to incentivize bettors to wager on the side getting less action.
Before we put a lid on this guide, we need to share some betting strategies to win at college basketball against the spread bets . While, no, there's not a magic formula that works every single time out, these next pointers still carry a lot of weight. In the long haul, they'll safeguard you against costly mistakes.
Some bettors, especially if they're new, become intoxicated with the vast amount of betting options NCAA regularly presents. With so many games, these bettors bet on anything and everything. While it's fun to have "skin in the game" on so many outcomes, this is not a long-term strategy for hitting on college basketball predictions against the spread.
You're much better off picking your spots wisely . And these picks should be based on two things primarily — specific knowledge you have and betting value. When it comes to the former, perhaps you're an expert on SEC basketball. You know this college conference in and out, thus, that know-how gives you unique insight into what might transpire, an insight that the casual bettor probably doesn't possess.
Furthermore, pinpointing value within bets is also key to NCAA basketball predictions against the spread . If there's a so-so school that has a +6 spread at home, that might be of value. Teams getting blown out in their own arena is a low probability outcome that's worth taking a risk on.
Remember how we said bookies will move game spreads if they're getting an overwhelming amount of action on one side? Welp, pay close attention to these moves. If you see a line shift and shift some more, you should consider going "against the grain" per se.
Look, we get it — following the crowd feels natural. But if you want to win at NCAA basketball against the spread, you're looking for a non-average outcome. And you see, most bettors lose more than they win (hence why sportsbooks stay open). So if most bettors lose and you see most the money on going one way, this should give you every reason to do the opposite.
Let this be a lesson for NCAAB against the spread gambling or life in general: doing the same thing as everyone else will give you the same results as everyone else . Which in this case means losing more often than not. So blaze your own path, even if it goes against conventional wisdom.
And with that, we draw a close to this betting guide. As you've probably already gleaned, the Las Vegas point spread NCAA basketball is the backbone of betting on college hoops. Mastering it whilst NCAA gambling will reward you very handsomely.
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From Wikipedia, the free encyclopedia
^ The Sunday Times : "World Cup to kick off boom in spread betting"
^ "The perils of spread-betting" . The Times . Sep 20, 2007. Archived from the original on July 19, 2008.
^ "Gambling Commission - Home" . www.gamblingcommission.gov.uk .
^ Gambling Times: What are the Odds? Archived 2011-02-04 at the Wayback Machine
^ The Sunday Times: Spread betting
^ "Income Tax – Assessable income derivation of income – spread betting" . Australian Government ATO. 3 March 2010 . Retrieved 26 January 2011 .
^ Budworth, David. "Spread-betting fails investors in trouble" . thetimes.co.uk . Retrieved 11 October 2013 .
^ Pfanner, Eric. "Spread-bets on Cup venture into bizarre - Technology - International Herald Tribune" . The New York Times . Retrieved 11 October 2013 .
^ Rayman, Richard. "White Paper on Spread Betting" (PDF) . Cass Business School . Retrieved 11 October 2013 .
Spread betting is any of various types of wagering on the outcome of an event where the pay-off is based on the accuracy of the wager, rather than a simple "win or lose" outcome, such as fixed-odds (or money-line) betting or parimutuel betting .
A spread is a range of outcomes and the bet is whether the outcome will be above or below the spread. Spread betting has been a major growth market in the UK in recent years, with the number of gamblers heading towards one million. [1] Financial spread betting (see below) can carry a high level of risk if there is no "stop". [2] In the UK, spread betting is regulated by the Financial Conduct Authority rather than the Gambling Commission . [3]
The general purpose of spread betting is to create an active market for both sides of a binary wager , even if the outcome of an event may appear prima facie to be biased towards one side or the other. In a sporting event a strong team may be matched up against a historically weaker team; almost every game has a favorite and an underdog . If the wager is simply "Will the favorite win?", more bets are likely to be made for the favorite, possibly to such an extent that there would be very few betters willing to take the underdog.
The point spread is essentially a handicap towards the underdog. The wager becomes "Will the favorite win by more than the point spread?" The point spread can be moved to any level to create an equal number of participants on each side of the wager. This allows a bookmaker to act as a market maker by accepting wagers on both sides of the spread. The bookmaker charges a commission , or vigorish , and acts as the counterparty for each participant. As long as the total amount wagered on each side is roughly equal, the bookmaker is unconcerned with the actual outcome; profits instead come from the commissions.
Because the spread is intended to create an equal number of wagers on either side, the implied probability is 50% for both sides of the wager. To profit, the bookmaker must pay one side (or both sides) less than this notional amount. In practice, spreads may be perceived as slightly favoring one side, and bookmakers often revise their odds to manage their event risk.
One important assumption is that to be credited with a win, either team only needs to win by the minimum of the rules of the game, without regard to the margin of victory. This implies that teams in a winning position will not necessarily try to extend their margin—and more importantly, each team is only playing to win rather than to beat the point spread. This assumption does not necessarily hold in all situations. For example, at the end of a season, the total points scored by a team can affect future events such as playoff seeding and positioning for the amateur draft, and teams may "run up" the score in such situations. In virtually all sports, players and other on-field contributors are forbidden from being involved in sports betting and thus have no incentive to consider the point spread during play; any attempt to manipulate the outcome of a game for gambling purposes would be considered match fixing , and the penalty is typically a lifetime banishment from the sport; such is the lack of tolerance for manipulating the result of a sporting event for such purposes.
Spread betting was invented by Charles K. McNeil , a mathematics teacher from Connecticut who became a bookmaker in Chicago in the 1940s. [4] In North America , the gambler usually wagers that the difference between the scores of two teams will be less than or greater than the value specified by the bookmaker , with even money for either option. An example:
Spreads are frequently, though not always, specified in half-point fractions to eliminate the possibility of a tie, known as a push . In the event of a push, the game is considered no action , and no money is won or lost. However, this is not a desirable outcome for the sports book, as they are forced to refund every bet, and although both the book and its bettors will be even, if the cost of overhead is taken into account, the book has actually lost money by taking bets on the event. Sports books are generally permitted to state "ties win" or "ties lose" to avoid the necessity of refunding every bet.
Betting on sporting events has long been the most popular form of spread betting. Whilst most bets the casino offers to players have a built in house edge, betting on the spread offers an opportunity for the astute gambler. When a casino accepts a spread bet, it gives the player the odds of 10 to 11, or -110. That means that for every 11 dollars the player wagers, the player will win 10, slightly lower than an even money bet. If team A is playing team B, the casino is not concerned with who wins the game; they are only concerned with taking an equal amount of money of both sides. For example, if one player takes team A and the other takes team B and each wager $110 to win $100, it doesn't matter what team wins; the casino makes money. They take $100 of the $110 from the losing bet and pay the winner, keeping the extra $10 for themselves. This is the house edge. The goal of the casino is to set a line that encourages an equal amount of action on both sides, thereby guaranteeing a profit. This also explains how money can be made by the astute gambler. If casinos set lines to encourage an equal amount of money on both sides, it sets them based on the public perception of the team, not necessarily the real strength of the teams. Many things can affect public perception, which moves the line away from what the real line should be. This gap between the Vegas line, the real line, and differences between other sports books betting lines and spreads is where value can be found.
A teaser is a bet that alters the spread in the gambler's favor by a predetermined margin – in American football the teaser margin is often six points. For example, if the line is 3.5 points and bettors want to place a teaser bet on the underdog, they take 9.5 points instead; a teaser bet on the favorite would mean that the gambler takes 2.5 points instead of having to give the 3.5. In return for the additional points, the payout if the gambler wins is less than even money , or the gambler must wager on more than one event and both events must win. In this way it is very similar to a parlay . At some establishments, the "reverse teaser" also exists, which alters the spread against the gambler, who gets paid at more than evens if the bet wins.
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. With fixed odds betting , a gambler places a fixed-risk stake on stated fractional or decimal odds on the outcome of a sporting event that would give a known return for that outcome occurring or a known loss if that outcome doesn't occur (the initial stake). With sports spread betting, gamblers are instead betting on whether a specified outcome in a sports event will end up being above or below a ‘spread’ offered by a sports spread betting firm, with profits or losses determined by how much above or below the spread the final outcome finishes at.
The spread on offer will refer to the betting firm's prediction on the range of a final outcome for a particular occurrence in a sports event, e.g., the total number of goals to be scored in a football (US: soccer) match, the number of runs to be scored by a team in a cricket match or the number of lengths between the winner and second-placed finisher in a horse race.
The gambler can elect to ‘buy’ or ‘sell’ on the spread depending on whether they think the final outcome will be higher than the top end of the spread on offer, or lower than the bottom end of the spread. The more right the gambler is then the more they will win, but the more wrong they are then the more they can lose.
The level of the gambler's profit or loss will be determined by the stake size selected for the bet, multiplied by the number of unit points above or below the gambler's bet level. This reflects the fundamental difference between sports spread betting and fixed odds sports betting in that both the level of winnings and level of losses are not fixed and can end up being many multiples of the original stake size selected.
For example, in a cricket match a sports spread betting firm may list the spread of a team's predicted runs at 340 – 350. The gambler can elect to ‘buy’ at 350 if they think the team will score more than 350 runs in total, or sell at 340 if they think the team will score less than 340. If the gambler elects to buy at 350 and the team scores 400 runs in total, the gambler will have won 50 unit points multiplied by their initial stake. But if the team only scores 300 runs then the gambler will have lost 50 unit points multiplied by their initial stake.
It is important to note the difference between spreads in sports wagering in the U.S. and sports spread betting in the UK. In the U.S. betting on the spread is effectively still a fixed risk bet on a line offered by the bookmaker with a known return if the gambler correctly bets with either the underdog or the favourite on the line offered and a known loss if the gambler incorrectly bets on the line. In the UK betting above or below the spread does not have a known final profit or loss, with these figures determined by the number of unit points the level of the final outcome ends up being either above or below the spread, multiplied by the stake chosen by the gambler.
For UK spread betting firms, any final outcome that finishes in the middle of the spread will result in profits from both sides of the book as both buyers and sellers will have ended up making unit point losses. So in the example above, if the cricket team ended up scoring 345 runs both buyers at 350 and sellers at 340 would have ended up with losses of five unit points multiplied by their stake.
In addition to the spread bet, a very common "side bet" on an event is the total (commonly called the over/under or O/U ) bet. This is a bet on the total number of points scored by both teams. Suppose team A is playing team B and the total is set at 44.5 points. If the final score is team A 24, team B 17, the total is 41 and bettors who took the under will win. If the final score is team A 30, team B 31, the total is 61 and bettors who took the over will win. The total is popular because it allows gamblers to bet on their overall perception of the game (e.g., a high-scoring offensive show or a defensive battle) without needing to pick the actual winner.
In the UK, these bets are sometimes called spread bets, but rather than a simple win/loss, the bet pays more or less depending on how far from the spread the final result is.
Example: In a football match the bookmaker believes that 12 or 13 corners will occur, thus the spread is set at 12–13.
In North American sports betting many of these wagers would be classified as over-under (or, more commonly today, total ) bets rather than spread bets. However, these are for one side or another of a total only, and do not increase the amount won or lost as the actual moves away from the bookmaker's prediction. Instead, over-under or total bets are handled much like point-spread bets on a team, with the usual 10/11 (4.55%) commission applied. Many Nevada sports books allow these bets in parlays , just like team point spread bets. This makes it possible to bet, for instance, team A and the over , and be paid if both
(Such parlays usually pay off at odds of 13:5 with no commission charge, just as a standard two-team parlay would.)
The mathematical analysis of spreads and spread betting is a large and growing subject. For example, sports that have simple 1-point scoring systems ( e.g., baseball , hockey , and soccer ) may be analysed using Poisson and Skellam statistics.
By far the largest part of the official market in the UK concerns financial instruments; the leading spread-betting companies make most of their revenues from financial markets, their sports operations being much less significant. Financial spread betting in the United Kingdom closely resembles the futures and options markets, the major differences being
Financial spread betting is a way to speculate on financial markets in the same way as trading a number of derivatives . In particular, the financial derivative Contract for difference (CFD) mirrors the spread bet in many ways. In fact, a number of financial derivative trading companies offer both financial spread bets and CFDs in parallel using the same trading platform.
Unlike fixed-odds betting, the amount won or lost can be unlimited as there is no single stake to limit any loss. However, it is usually possible to negotiate limits with the bookmaker:
Spread betting has moved outside the ambit of sport and financial markets (that is, those dealing solely with share, bonds and derivatives), to cover a wide range of markets, such as house prices. [5] By paying attention to the external factors, such as weather and time of day, those who are betting using a point spread can be better prepared when it comes to obtaining a favorable outcome. Additionally, by avoiding the favourite-longshot bias , where the expected returns on bets placed at shorter odds exceed that of bets placed at the longer odds, and not betting with one's favorite team, but rather with the team that has been shown to be better when playing in a specific weather condition and time of day, the possibility of arriving at a positive outcome is increased.
In the UK and some other European countries the profit from spread betting is free from tax. The tax authorities of these countries designate financial spread betting as gambling and not investing, meaning it is free from capital gains tax and stamp duty , despite the fact that it is regulated as a financial product by the Financial Conduct Authority in the UK. Most traders are also not liable for income tax unless they rely solely on their profits from financial spread betting to support themselves. The popularity of financial spread betting in the UK and some other European countries, compared to trading other speculative financial instruments such as CFDs and futures is partly due to this tax advantage. However, this also means any losses cannot be offset against future earnings for tax calculations.
Conversely, in most other countries financial spread betting income is considered taxable. For example, the Australian Tax Office issued a decision in March 2010 saying "Yes, the gains from financial spread betting are assessable income under section 6-5 or section 15-15 of the ITAA 1997". [6] Similarly, any losses on the spread betting contracts are deductible. This has resulted in a much lower interest in financial spread betting in those countries.
Suppose Lloyds Bank is trading on the market at 410p bid, and 411p offer. A spread-betting company is also offering 410-411p. We use cash bets with no definite expiry , or "rolling daily bets" as they are referred to by the spread betting companies.
If I think the share price is going to go up, I might bet £10 a point ( i.e., £10 per penny the shares moves) at 411p. We use the offer price since I am "buying" the share (betting on its increase). Note that my total loss (if Lloyds Bank went to 0p) could be up to £4110, so this is as risky as buying 1000 of the shares normally.
If a bet goes overnight, the bettor is charged a financing cost (or receives it, if the bettor is shorting the stock). This might be set at LIBOR + a certain percentage , usually around 2-3%.
Thus, in the example, if Lloyds Bank are trading at 411p, then for every day I keep the bet open I am charged [taking finance cost to be 7%] ((411p x 10) * 7% / 365 ) = £0.78821 (or 78.8p)
On top of this, the bettor needs an amount as collateral in the spread-betting account to cover potential losses. Usually this is either 5 or 10% of the total exposure you are taking on but can go up to 100% on illiquid stocks. In this case £4110 * 0.1 or 0.05 = £411.00 or £205.50
If at the end of the bet Lloyds Bank traded at 400-401p, I need to cover that £4110 – £400*10 (£4000) = £110 difference by putting extra deposit (or collateral) into the account.
The punter usually receives all dividends and other corporate adjustments in the financing charge each night. For example, suppose Lloyds Bank goes ex-dividend with dividend of 23.5p. The bettor receives that amount. The exact amount received varies depending on the rules and policies of the spread betting company, and the taxes that are normally charged in the home tax country of the shares.
According to an article in The Times dated 10 April 2009, approximately 30,000 spread bet accounts were opened in the previous year, and that the largest study of gambling in the UK on behalf of the Gambling Commission found that serious problems developed in almost 15% of spread betters compared to 1% of other gambling. [7] A report from Cass Business School found that only 1 in 5 gamblers ends up a winner. [8] As noted in the report, this corresponds to the same ratio of successful gamblers in regular trading. [9] Evidence from spread betting firms themselves actually put this closer to being 1 in 10 traders as being profitable. [ citation needed ]
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