Cover The Spread Betting
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Cover The Spread Betting
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We're here to teach you all about point spread betting, no matter how experienced you might be. When you're doing some research on sports betting, and find yourself on Twitter or other social media, the term 'cover the spread' might have passed by. But what does it mean?
To understand what the term means, you should understand the bet type it's associated with -- the point spread bet. Remember that the objective of the bookmaker is to try to get -- as much as possible -- an equal amount of money wagered on each team, so the point spread is a mechanism used to level out the talent disparity between the teams. With the point spread, the bookmakers assign a number, which will be added or subtracted to the final score of the two teams. One team is installed as the favorite, while the other is installed as the underdog. At the end of the game, the favorite has the point spread subtracted from its score, while the underdog has the point spread added to its score. Then, following that mathematical exercise, the team with the higher score is determined to have covered the spread. Because the point spread gives both teams a relatively equal chance to cover the spread, no matter the difference in skills, it’s the most popular bet among bettors.
In this betting guide, we'll show you how to get started with point spread betting. No matter which team wins, you can always predict the right team to cover the spread, so let's get you started right away!
How to get started with point spread betting
The first thing you do when you're diving into this type of bet is to figure out the exact way the point spread works. Unlike the moneyline wager, where you simply predict which team wins outright, the point spread bet takes it up a notch. Both teams have roughly an equal chance to cover the spread. But to give you a proper explanation, we will work with an example. Let's take an exciting NFL game between the New England Patriots and Green Bay Packers. Your betting lines might look like this for the spread:
As you can see by the plus sign (+) and minus (-) sign, the Patriots are the favorite, while the Packers are the underdog. The number of points represents the amount which will be assigned to a team’s final score to determine whether it covers the spread.
No matter the difference in skill, this leaves both teams with a similar chance to cover the spread for their bettors. Now that you understand the basics of this wager type, we'll dive into some variations, and also explain the payouts.
You might wonder, why do these betting lines work with half-points? Certainly, you can't score half-points in major sports like football, basketball, baseball or hockey, but that's part of the reason why the half-point is there. When any matchup ends with the final score differential being equal to the point spread, then neither team covers the spread -- it’s a push (tie). Thus all bettors get a refund. With half-points used in the betting line, there's not a chance that the game will end up as a push. So, bookmakers are ensured to earn their vigorish. The other reason why half-points are used is because a point spread is designed to split the betting action equally between the two teams. Half-points are necessary to help balance a bookmaker’s handle.
The most popular sports for point spread betting are football and basketball. With football betting and basketball betting, there are lots of points scored every single game. Currently, NFL games average more than 45 points per game, while NBA games average more than 220 points per game. With sports like hockey or baseball, scoring is a lot less frequent. An MLB game generates about nine runs per game, while an NHL game gets about six goals, on average. Many hockey and baseball games have moneyline odds near -200, which bettors tend to dislike. Thus, bookmakers came up with run-lines and puck-lines to level out the odds, and bring them closer to -110. In essence, they work the same as regular point spreads, but they're generally set at +/- 1.5 runs (or goals). The effect of adding/subtracting 1.5 runs might be that an MLB team which would otherwise be favored -240, now would be -130, while an underdog of +200 on the moneyline might be +110 if it gets +1.5 runs. Thus, gamblers are more inclined to wager on the game because the odds are nearer to -110.
How to calculate your point spread payout
The first thing you should know about spreads when you want to know how much you can earn is the way the odds work. With moneyline wagers, parlay wagers, and teaser bets, the odds are all you look at. They can vary per team and can bring in huge rewards. With point spreads, you're not getting these extreme payouts. Instead, the odds are generally close to -110.
Even though point spread odds are close to -110, they can vary among sportsbooks. And some, like BetAnySports (our #1-rated sportsbook), offer reduced juice. Thus, bettors can lay -105 on a football or basketball game rather than -110. Also, in popular moneyline sports like hockey and baseball, there's often significant differences among sportsbooks as some oddsmakers will price their odds to realize a larger vigorish -- that is, their profit. This shows how important it is to find the right bookie. If you like to bet on baseball, go with sportsbooks like BetAnySports , BetNow , WagerWeb , or GTBets , as those offer “dime lines” rather than 20-cent lines, so their vigorish is less. Nevertheless, let's assume -110 odds to illustrate a payout calculation. We'll take a match between the Broncos and the Chiefs -- two of the biggest rivals in the NFL. Your betting lines could look something like this:
The Chiefs are the point spread favorite, while the Broncos are installed as the underdog. Let's assume we're convinced the Chiefs will crush the Broncos and win by more than 7 points. That brings two possible scenarios:
How to use spread betting in your sports betting strategy
When reading through this betting guide, you might notice that we don't mention any other sports besides football, basketball, hockey, and baseball. The reason is simple: sports like Nascar racing, horse racing, and the UFC don't involve incremental scoring like the four major sports. It leaves out the possibility to bet the spread. As we wrap up this article, we want to give you some advice to start your spread betting career the right way.
No matter if you're in New York or Vegas, Dallas or Arizona, there are tons of opportunities when it comes to finding the right sportsbook. You should know that not every single sportsbook is available in every state, but that's slowly starting to change. More states are welcoming sports betting in general; thus, sportsbooks are setting up shop in more states. And there’s also the fact that many of the best sportsbooks will continue to be the offshore books. We're always looking out for the customer-friendly sportsbooks that put their bettors first. We’ve done extensive research to determine which sportsbooks are the right fit for our audience.
Consider this the start of your journey to find the right sportsbook. There's no perfect one, and as we said before, it doesn't hurt to have accounts at multiple sportsbooks.
Manage your bankroll and do your research!
When you're wagering on the point spread, it's your task as a sports bettor to pick the right matchup. You can't find the right matches without doing proper research first. With major sports leagues across the world, there's always a game you could bet on. Start your search by narrowing down the sports on which you like to wager, and then which games are available. Start with a more straightforward bet, then slowly start building up the confidence to make some bigger wagers and bets with a little more risk.
It’s true that sports started for entertainment purposes only. But with the development of sports betting, sports are now a vehicle to earn money. Nowadays, thousands of sports bettors wager professionally. They do so by doing thorough research and placing wagers quickly and effectively. That also means not placing all their eggs in one basket. If you manage this the right way, you're in for the long-run, not just short-term gains.
We want to wish you happy betting! Always feel welcome to visit our betting guides to gain additional knowledge about the field of sports gambling! And remember to enjoy yourself.
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There are two types of bettors in the sports betting industry and each of them has their own unique way of doing things. Some bettors strictly bet money lines. They say that the winner of the game should be the only thing that matters. However, the majority of the betting industry lives and breathes with betting the point spread on NFL and NBA games. They will tell you there is nothing sweeter than cashing a winning point spread ticket because they were able to “beat the Vegas line”. That’s probably a bit of an exaggeration, but watching your team cover the spread does feel nice.
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If you hear someone using the term “cover” they are referring to a short form for “cover the spread.” A team can only “cover” when a point spread line is available to bet on. Depending on if you bet the favorite or underdog, covering the spread could mean winning by a certain margin or losing by less than a specific number.
How to Know If a Team Has Covered the Spread
I will pull no punches here. If you asked a few causal bettors (squares) to describe what it means to cover the spread, you would be shocked at how many of them don’t get the answer right. I’m not sure how this is possible considering they probably enjoy betting on the NFL, but this confusion is just one of the many significant reasons that sportsbooks makes the amount of money that they do.
Let’s use an example from the NFL to help squares understand what it means to “cover the spread.” If the Chicago Bears go into Lambeau Field as seven-point underdogs against the Green Bay Packers, then the Bears would be the “getting” points. This means that if you bet on the Bears, any result other than a loss by eight or more points, would cash your ticket. If you like the Packers, you will be “laying” the points, which means the only way to cash this ticket is if the Packers win by eight or more points – which means they will have “covered the spread.” If by chance the Packers win the game by seven points exactly, the game is deemed a push since neither team covered the spread.
How is Covering the Spread Different fromWinning Outright?
There is a saying amongst bettors that goes like this: “good teams win, great teams cover.” This statement couldn’t be truer. The difference between sharp and square bettors is that they know the only thing that matters in regards to a game is how much a team wins by and loses by. Square bettors tend to think that the better team will cover the spread easily. Sure, they may win the game outright, but teams never concern themselves with how much they win by. The sooner you can understand that concept, the sooner you will be prepared to efficiently bet on the point spread.
The successful handicappers pride themselves on their ability to continuously get better at calculating how much a team should win or lose by. Each of these handicappers has their own unique power rankings/formulas to calculate this data and they trust it more than anything. They also know when the risk is worth the reward, which is vital when betting the point spread since the prices remain relatively the same throughout the year. This means that you would need to hit at around a 52 percent winning clip in order just to break even betting -110 lines.
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What does "covering the spread" mean in sports betting?
What is the "spread" in sports betting?
How do I read sports betting spreads?
What is the opposite of covering the spread in betting?
What does “winning margin - 12 way” mean or entail in sports betting?
Where do sports betting funds place their bets?
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What is the "spread" in sports betting?
How do I read sports betting spreads?
What is the opposite of covering the spread in betting?
What does “winning margin - 12 way” mean or entail in sports betting?
Where do sports betting funds place their bets?
What does money line mean in sports betting?
How do you bet a spread, over/under and cover? What is a line bet?
What are straight spread sports bets?
What is (if there is one) the difference between "the line" and " the spread" in sports betting?
What does fair play mean in sports betting?
How can you explain the difference between sports spread betting and fixed odds betting?
How do I get a correct score in sports betting?
How does spread betting trade company earns?
Will spread betting or sports spread betting companies close your account if you’re profitable?
What is the "spread" in sports betting?
How do I read sports betting spreads?
What is the opposite of covering the spread in betting?
What does “winning margin - 12 way” mean or entail in sports betting?
Where do sports betting funds place their bets?
What does money line mean in sports betting?
How do you bet a spread, over/under and cover? What is a line bet?
What are straight spread sports bets?
What is (if there is one) the difference between "the line" and " the spread" in sports betting?
What does fair play mean in sports betting?
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We're here to show all of you point spread wagering, regardless of how experienced you may be. While you're doing some examination on sports wagering, and wind up on Twitter or other online media, the term ' covering the spread ' could have cruised by. However, how treats mean?
To get what the term implies, you ought to comprehend the bet type it's related to the point spread bet. Recollect that the target of the bookmaker is to attempt to get however much as could be expected an equivalent measure of cash bet in each group, so the point spread is a system utilized
We're here to show all of you point spread wagering, regardless of how experienced you may be. While you're doing some examination on sports wagering, and wind up on Twitter or other online media, the term ' covering the spread ' could have cruised by. However, how treats mean?
To get what the term implies, you ought to comprehend the bet type it's related to the point spread bet. Recollect that the target of the bookmaker is to attempt to get however much as could be expected an equivalent measure of cash bet in each group, so the point spread is a system utilized
to even out the ability difference between the groups. With the point spread, the bookmakers dole
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