Betting Odds And Spread Explained

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Sports spread betting is essentially for the more adventurous punter out there.
Once you’ve mastered the basics, spread betting is an exciting way to test your knowledge and hopefully turn some profits!
Spread betting on sports is much the same as spread betting on financial markets, stocks and shares etc.
As spread betting is closely linked to stock markets, when placing a spread bet you are technically ‘buying’ or ‘selling’ in a particular market based on what the bookmaker has set as the spread.
If spread betting in this market, you would sell at 156 or buy at 160.
If you choose to sell, then you are betting that the points tally for both teams in the game will be UNDER 156.
The greater the margin that you are proved correct by, the more you stand to win. If the total number of points scored turns out to be 150, you are right to the tune of six points (156-150 = 6). In this instance, you would win six times your initial stake.
In football betting , an often used market involves the total number of red and yellow cards issued during a game.
To form this market, a value is assigned to each card type. For example, a yellow card may be 10 points and a red card 30 points.
The spread might be set as follows for an English Premier League match Sell: 50 points, Buy: 80 points.

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With spread betting, the potential exists to see far greater returns on your stakes when you call it right, but also, it has to be factored in that the losses increase based on how inaccurate your bet turns out to be. In its simplest form: the ‘more wrong’ you are with any given bet, the more you stand to lose.
As such, you should be familiar with spread betting rules before you dip your toes into this particular water. Use a spread betting calculator to ensure you know exactly how much you are liable to lose, as well as how much you stand to win.
In the financial world, spread bets involve predicting how much a given stock price may rise or fall during a period of trading. The wins or losses are dictated by the closing price of the stated share and what you have predicted.
In sports spread betting, you are more likely to be predicting how many goals/points will be scored in a given match, how many red/yellow cards will be issued in a soccer game or how many points a team will accumulate over a season.
Based on your opinion, you elect to buy or sell if you feel the spread is likely to come in over or under the benchmark that has been set.
Overs and unders is often one type of spread betting market that is available on sporting events. For instance, in an NBA basketball game, the total points spread might be set at 156-160 (the combined total to be scored by both teams in the game).
On the other hand, if you had bought this spread bet at 160, you would be wrong by ten points. In this case, you would lose ten times the initial stake you placed.
Similarly, if the total points in the game turned out to be 170, you would lose 14 times your initial stake had you decided to sell at
Had you bought the spread on total points in this game at 160, a 170-point game would result in a ten-point spread bet win
and so you would gain a ten-fold return on the initial stake.
Spread Betting - How To Get Involved
As is the case with every bet type, make sure to thoroughly research spread betting before getting involved. There is enough useful information out there to help punters and 888sport customers can read up more on spread betting by scrolling up the page.
What Are The Most Popular Spread Bet Types?
Card betting in football is one of the most popular options for spread bettors. As cards are set with two different values, buying or selling for/against the spread is quite simple.
Spread betting is something that punters usually try their hand at with smaller stakes before getting too involved. Dipping your toes in the water with spread betting is the way to go as it can be confusing and won’t suit every punter.
Here is an example: let’s say you are watching an NFL game and the total match points mark is set at 53-57. If spread betting on this particular market, you would either sell at 53 or buy at 57.
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Home » Blog » Point spread betting explained
While sports betting may seem simple enough, there’s numerous strategies and theories that serious sports bettors utilize to maximize their odds. Always remember that sports betting isn’t simply betting on the team you want to win, because emotions and betting on (personal) favourites really has no place in sports bets.
Proper sports betting is a delicate balance of taking into account team ( or fighter) statistics, and making smarter betting decisions based on that. 
One example of a popular betting strategy is known as the Zig-Zag Theory. The basic premise is that if a team loses a game, they could be favored to win the next game. To a smaller degree, this could also apply to boxing or mixed martial arts, where rematches or trilogy fights are concerned.
The entire Zig-Zag Theory is based on the premise that the previous loser will be more motivated to perform harder in a rematch, whereas the previous victor will not have the same intensity.
To use MMA as a ( niched, but perfect) example, we saw this in Conor McGregor vs Nate Diaz. In their first fight at UFC 196, many mainstream analysts predicted that McGregor would stop Diaz via TKO, based on McGregor’s stellar victories in smaller weight classes, and mainstream popularity.
What those analysts overlooked, for whatever reason ( sometimes it feels like “analysts” are just throwing darts at a board) was Diaz’s larger size, veteran’s combat experience, and vastly superior jiu-jitsu skills. So when Diaz submitted McGregor in round 2, not many die-hard MMA fans were entirely surprised.
The second fight, however, was a lot more difficult to predict, even for die-hard fans. Conor McGregor is the type of fighter to take revenge very seriously, and he just barely eked out a very close decision victory over Diaz in their 2nd fight at UFC 202.
So this is a perfect example of how the Zig-Zag Theory works. The previous loser has much more to gain ( regaining lost pride, etc) by training much harder for a rematch, and is therefore considered a better option to bet on.
It’s like Rocky III, basically, without all the sweaty man-hugging.
In team-based sports, where teams go through a series of “playoff” style matchups – for example, the NBA uses a “best of 7” format – the Zig-Zag Theory basically assumes that the momentum will shift between the two teams throughout the playoff series.
Point spread betting, or ‘handicap betting’, is the most common sports betting offered by sportsbooks, although it does come with a bit of a learning curve. So let’s examine exactly what point spread betting is.
Some teams are simply better overall than others, such as by having better rosters of players. There’s really no such thing as 50/50 betting odds, unless you’ve cloned a team in a laboratory and pit them against themselves.
Sportsbook operators can essentially create a point spread to give an “equal” chance for both teams to win the game – or rather, an equal chance for bettors to take risks on the underdog, if that’s the team they personally want to root for.
Let’s say for example that the New England Patriots are favoured over the Dallas Cowboys. The Dallas Cowboys have had a terrible season, while the Patriots are steamrolling everyone ( in our hypothetical scenario) .
So the sportsbook will give handicap points to the Cowboys, and when you bet on point spreads, you aren’t necessarily betting on the winner/loser outcome of the game itself, but rather the performance of the teams, taking into account that the underdog team has a much slimmer chance of actually winning the game.
It’s like, imagine a child playing basketball against a much larger, more experienced adult. Basically Kevin Hart vs Shaq, right?
But there’s a stipulation that, because the adult is larger and more experienced, they need 20 points to win the game, whereas the child only needs 10 points. This is the handicap.
If I’m betting on the child, I can still win in the sportsbook even if they lose the game, as long as they don’t lose the game by more points than they were allocated for the handicap. And if I’m betting on the adult to win, I can lose my bet, even if they win the game, if they don’t win by more points than they were expected to win by.
The favourite to win is represented by a minus (-) point spread, and the underdog is represented by a plus (+) point spread. So let’s make this a lot simpler. Let’s say the sportsbook looks like this:
What this means is that the adult player is expected to win by 3 points, while the underdog is expected to lose by that same amount ( it’s always directly opposite) . So now let’s say the adult and child play 3 separate basketball games, and the final scores look like this:
If I bet on the adult’s -3 odds in all 3 games ( in real life, the odds would actually fluctuate between games in a playoff series) , I won the first game, tied the second, and lost the third. This is because I needed the adult to win each game by more than 3 points, as the betting favourite.
In game 1, the adult won by 7 points, so I won. In game 2, the adult won by exactly 3 points, so my bet ‘tied’. In game 3, the adult won by only 2 points, thus I’ve lost that bet.
So to drive the point home, point spread betting isn’t exactly betting on the winner/loser outcome of a game, but the actual performances of the teams and how many points they won ( or lost) by.
So now let’s figure out how much we’ve actually won ( or lost) .
Let’s say that the final score of Game 3 actually looked like this in the sportsbook:
And let’s pretend we bet on the child. Even though the child lost the game, we win our bet because the child lost by less than 3 points, as explained earlier.
What the -120 means is if we bet $100 on the child, we will receive around $83.33 in winnings. The standard odds payout is around -105, but it can be -110, -120, or any other number, really. It just basically means that you must bet the exact odds amount to win $100, so if the odds are -120, you must bet $120 to win $100. And if you bet $100, like in our case, then the -20 is subtracted from our winnings ( for the house’s profit).
What (EVEN) means is that you will win exactly what you bet – so if you bet $100, you will win $100.
We’ve covered some in-depth stuff here, but there are many more things to explain on sports betting strategies and this guide from Betting.com is a good read if you want to learn more. 
Here are some final tips. As a novice, you should really try to take advantage of signup bonuses from online betting sites, and try to spread your bets across multiple sites, to earn several bonuses at once.
You’ll also want to learn a bit about how key numbers and point spreads are actually treated in the sport you’re betting on. Point spreads can be very different depending on the sport , because, for example, basketball games are very high scoring, with final scores in the hundreds, whereas hockey games are very low scoring, and final scores can be something like 3 – 2.
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