Bet Against The Spread
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Bet Against The Spread
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It’s usual for a sporting event to have a favorite entering a certain game. This is why the point spread was born. It’s the way the oddsmakers even the field and make the favorite’s odds more attractive.
When you bet “against the spread,” or ATS, you’re betting not for the outright winner. The favorite has to win by a set number of points (the spread) to “cover the spread” and get the payout.
Point spread betting is the way for the oddsmakers to level a sporting mismatch. A moneyline bet consists of picking the outright winner. The spread gives a margin of victory that a team has to cover to win the bet.
This is a great way because it makes a bet profitable for the favorite and the underdog. It’s the way the oddsmakers try to get it to a 50/50 situation. However, the bettor needs to remember that even if the team he bet on wins the match, it doesn’t mean the bet cashes. The team has to cover the point spread for it to get the payout.
Just like the moneylines, a negative (-) number in the odds tells who the favorite is. Hence, a positive (+) number will show you the underdog. To “cover the spread”, the favorites need to win by more points than the spread. The underdogs can’t afford to lose by more points than the spread shows.
Let’s exemplify an ATS bet to illustrate better how these bets work. We’re taking an NFL game for this example since the NFL betting market is one of the most popular sports in ATS betting.
In this case, the Dallas Cowboys are the favorites to win the game by 4.5 points. You can see this from the negative number of points in the spread. Point spreads will often have half-points to avoid “pushes” or ties in the bet.
Keeping up with the example, the Cowboys’ handicap is 4.5 points. This means you need to take those points away from their total score when the game ends.
If the Cowboys would still win the game after subtracting the 4.5 points, then they “covered” and won the bet. The Cowboys need to win by five or more points to get the payout.
As for the Bears, they are getting a 4.5 point margin in their favor. This means that you add 4.5 points to their total score at the end of the game.
If adding these points means they have more total points than the Cowboys, then they are “covered.” The Bears can win or lose by less than four points and still cash the bag to win the bet.
If the game ends with a Cowboys win by three, the Bears are the ones winning the bet.
These are some examples of potential outcomes of the game. The team in bold would be the winner of the bet since they are the ones that covered the spread.
As you can see, even if Dallas wins the match, they do not always win the bet. This is because their margin of victory wasn’t enough to cover the spread.
Point-spreads are subject to change based on many factors. The public bettors can make the oddsmakers switch the odds depending on where the money is going. Injuries, weather reports, and other external factors can also play a part.
Sportsbooks will change the betting line if one side receives big amounts of wagers or if a significant player misses the game.
For example, let’s say Dak Prescott gets injured a couple of days before facing the Bears. Dallas will lose their starting QB; thus, their offense will struggle to score points.
The oddsmakers will adjust the line to give Dallas a more achievable margin. It can go down to -2.5, meaning that the Cowboys won’t have to win by five anymore, but only by a field goal.
There are odd circumstances where the sports betting sites may reduce the vig to lure bets on a specific team.
As a heads up, look for the sportsbooks that offer spreads at -105 odds instead of the regular -110. It’s a way to make a bit more profit, which is what we all want. Some sportsbooks will have point-spreads paying +100 from time to time.
This is known as an even-money bet, meaning the payout if your team covers is the same as the amount wagered.
As you can notice in the example above, the point spread comes with a three-digit number next to it. It is like a moneyline number if you will. Those negative numbers (-110) show how much you must bet for you to win $100.
You can see “even bets,” where the payout is the same no matter who you bet on, like in our example, where both spreads pay -110. However, that’s not always the case. Let’s look at another example.
As you can see, the Seahawks are five-point favorites. The bettors are being charged a premium to bet on them. On the other side, the book is trying to make the bettors wager for the Panthers’ spread with the enhanced -105 odds.
If the game ends Panthers 21-28 Seahawks, the Seahawks win the bet because they covered the five-point margin of victory.
Betting ATS on the NFL or college football is as popular as it can get. However, there are other sports where you can bet on point spreads.
You can find these in basketball, hockey, baseball, and soccer. Some may have variants of it or use a different term, but they follow the same principles. For example, in hockey, the spread is called puck line, in baseball, it is a run line, and in soccer, a goal line.
All those are spreads. In hockey and baseball, you can find them almost always at a 1.5 spread.
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How Does Betting Against The Spread Work
Calculate Payouts Against The Spread
By us-bookies.com
| Updated on 22 September, 2021
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US-Bookies » Guides » Betting Against The Spread Explained
Now, if you are new to sports betting, you may not know about betting against the spread. This concept is not to be confused with point spread betting , which is the other side of the coin.
So, we will look into all you need to know to be the best at placing these kinds of bets.
In general, you will find that every sporting event has a perceived favorite to win the match, with few exceptions. A sportsbook, such as bet365 , will use a spread with a sporting event in order to even the odds between two unevenly matched competitors. When you bet on the spread of a game, you will be looking more at the points in the match than you do with an outright win bet.
Spread betting can be done with a few sports, but is especially common in football, especially when betting on the NFL. When you are betting against the spread not only does the favored team/competitor have to win the match, they will need to win by more than the spread. The spread is a certain amount of points that have been chosen for the favored team to overcome at the end of the match.
This is known by sportsbooks in spread betting as covering the spread. So, basically the favored team will not just have to win the game, they will have to win by a certain amount. And, that is why this type of spread betting evens the odds on less exciting sporting event match-ups.
If you’re having trouble how to convert different odds formats , our tool can help make it easier. Just enter your fractional, decimal, or American odds and get the other values automatically.
Now, as with any type of bet, an important factor will always be when to place the type of bet. So, we will look into when it is a good move to bet against the spread in this section. It is very important to know which situations are more likely to pay out in your favor when engaging in this type of bet. Of course, there are many ways to place a bet, consider the outright moneyline or the over/under as well.
As mentioned before, betting against the spread typically happens when one team is greatly favored to win over its competitor. So, this is a great place to start when looking to start placing this kind of bet. You will want to look at any unevenly matched sporting event matchups to see what the spread is.
Now, if you believe the favored team can win the match by enough points to beat the spread, this is a great match to bet on. As long as you are confident that the favored team can cover the spread, this is a good situation to engage in this type of spread betting. So, we will look at some examples of what this type of betting can look like.
Now, you have learned the basics of betting against the spread. But, it is always easier to understand a betting type or principle when you exactly see it in action. So, we will look at some examples of what betting against the spread can look like on sportsbooks.
Now, let us say that the New England Patriots are set to play the New York Giants. And, we will say that the New England Patriots are favored to win this matchup. So, the spread odds would look something like this:
These odds would mean that the New England Patriots were favored to win the game by at least 8.5 points. The favored team is said to be laying 8.5 points, in this case, the New England Patriots. So, these 8.5 points would be subtracted from the final amount the New England Patriots score at the end of the game.
At the same time that the Patriots would be laying 8.5 points, the opposing team would be getting 8.5 points. So, in this instance, the New York Giants would be getting 8.5 points since they are the underdog team. This means, at the end of the match, the New York Giants would gain 8.5 points to their final score.
Now, we need to look at after we have added the 8.5 points to the New York Giants’ final score and subtracted the 8.5 points from the New England Patriots’ final score. If the New York Giants have more points than the New England Patriots after this has occurred, they are considered covered.
If you bet on the New England Patriots, to win the bet, the team would need to cover the additional 8.5 points in their own score, plus the additional 8.5 points added to the New York Giants’ score.
Now, we will look at another example of betting against the spread, this time in basketball. We will look at two new teams and how this kind of bet would work for them. Two new teams are listed below:
So, as we have learned from above this would mean that the Boston Celtics would be favored to win the game by at least 10 points. This means, in order to cover the spread, the Boston Celtics will have to win as well as win by over 10 points. And, the Charlotte Hornets will have 10 points added to their final score at the same time.
It’s important to know the basics of how to bet on basketball before jumping into markets that are too complicated.
Now that we have looked at this type of bet with both football and basketball, we will look at it in terms of baseball. So, we will again have two new teams listed with two new sets of odds. The following teams and odds will be used:
Again, this means that the Boston Red Sox are the team that is favored to win. So, it is not enough for the Boston Red Sox to just win, they will have to win by enough points to cover the spread. In this instance that would be 12 points or more.
So, you should now understand all about this type of bet. And, you should understand when to place this type of bet as well. This means you should know everything you need to go out and place the best bet possible!
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What does "Betting Against the Spread" Mean?
Sports betting continues to gain in popularity ever since it became legal in the United States. There are thousands of new bettors arriving at the scene daily. These bettors want to learn about strategy and gain a fuller understanding of how to win. Sports betting is not for everyone, of course, but if you approach it the right way, you'll be in good shape for the long run!
One of the most popular bets is the point spread bet. In this sports betting guide, we'll dive into the exact details of figuring out your spread betting strategy. But first, let’s answer one central question: What does "betting against the spread" mean? It's certainly one of the most common gambling terms and, when reviewing statistics, it is abbreviated as ATS. For beginners, a point spread is a number published by oddsmakers that represents an estimate of the number of points by which the favored team might outscore its opponent. This number is expressed in both whole and half-numbers (e.g., 4, 4.5, 5). The point spread was initially devised as a means to level the playing field between two unequal opponents such that each would have roughly the same chance to be a winner for its bettors. When betting against the spread, a gambler has two choices.
The bookmakers try to create an equal playing field by establishing a point spread which will be added to, or subtracted from the final scores of the two teams. Unlike a moneyline wager, with ATS bets, the team which outscores its opponent at the end of the game is not necessarily the point spread winner. When you're wagering against the spread, it's about trying to assess the value of the point spread. Is the oddsmaker’s number too low, or too high? The point spread is best explained by giving a couple of examples. Let's take an NFL match between the New York Jets and Dallas Cowboys. The betting lines might look like this:
In this example, the Cowboys are the point spread favorite, while the Jets are the underdog. When you're betting on the favorite -- in this case, Dallas -- it would need to win by more than 3 points to cover the spread to allow you to cash your ticket. And that’s because Dallas would have 3 points subtracted from its final score to determine the outcome of the wager. So, if Dallas won the game by just two points, 16-14, then your wager on Dallas -3 would lose. But if Dallas won by eight points, 21-13, then your wager on Dallas -3 would win. If Dallas won by exactly three points, say, 17-14, then the bet would be a push (tie).
The other possibility is to bet on the underdog. Unlike moneyline betting, where a payout for taking the underdog might be rather large (e.g., 3-1), with point spread wagering, the odds are roughly -110. This is because your underdog team no longer has to win the game, straight-up. Instead, it now gets points added to its final score. And the exact number of points depends on the relative strengths of the two teams. The greater the difference, then the bigger the point spread.
To illustrate betting on the underdog ATS, let's take the example of Super Bowl XLVII between the Baltimore Ravens and the San Francisco 49ers. The betting lines at BookMaker sportsbook looked like this:
The 49ers were the pointspread favorite, while the Ravens were the underdog. If you bet on the underdog Ravens against the spread, you needed them to either win the game outright, or lose by less than 4.5 points to cash your ticket. In that game, Baltimore won straight-up, 34-31, to reward its bettors.
Calculating your payout when betting against the spread
Besides the point spread, the other important factor in ATS betting are the odds. Because the point spread works to level out the playing field, the odds for each team are generally around -110. But they don’t have to be. Sometimes, you’ll see one team at -140 odds, while its opponent is at +120. And some sportsbooks, like BetAnySports (our #1-rated sportsbook), have reduced juice, such that its customers only lay -105 rather than -110 on football and basketball games. So, before you place your bet, you need to know what your wager will return should it win. Let’s dive right in, and look at an example of another NFL match between the Green Bay Packers and the Pittsburgh Steelers:
As we learned in previous examples, the Packers are the point spread favorite, while the Steelers are the underdog. Here, however, the odds on each team are slightly different. With Green Bay, bettors need to lay $115 to win $100, while backers of the Steelers only need to lay $105 to win $100. So, if you bet $105 on the Steelers, and they win the game, your total payout would be $205, which co
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