Even Spread Bet

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Even Spread Bet
Sportsbooks That Offer Bets On The Spread
Last updated on: September 6th, 2022
One of the most popular ways to bet on sports online is by betting the spread . The spread is a bookmakers’ attempt to even the playing field between two unevenly matched teams. The spread essentially deducts points from the favorite’s final score, giving both teams an even chance of winning the game, once the handicapped spread is applied. Betting with the spread means taking the points and betting on the underdog (the team considered less likely to win the game). The underdog’s point spread will be listed as a positive number (+7). This means that seven points are added to the underdog’s final score. Betting against the spread means giving points betting on the favorite (the team considered more likely to win the game). The favorite’s point spread will be listed as a negative number (-7). This means that you would subtract seven points from the favorite’s final score.
Team A is a 7-point underdog against Team B. If you bet on Team A with the spread and the final score showed a Team B victory 27-21, you won your bet and “covered the spread.” Since you bet on Team A +7, adding 7 points to Team A’s final score changes the outcome in favor of Team A 28-27. Even though Team A lost the game outright, the added points give them the advantage. Likewise, if you bet on Team B against the spread, subtract seven points from the final score. In a game that Team B won 17-7, the handicapped score of 10-7 still sits in favor of Team B.
Betting on the spread has become a classic bet type of various types of sports in the world, but the NFL is the most common for this particular bet type. When betting on the NFL, bettors know that points are typically scored in increments of seven or three. Wit this knowledge, a projected close game would most likely have a spread of three. This type of idea is not as easy to predict as the NBA, where free throws to stop the clock can suddenly make the result of the game a six-point differential instead of a three-point game, messing up a spread bets that were placed on a spread of -2.5. When betting on the spread for baseball it is called the run line, and hockey refers to it as the puck line, with most other sports sticking with the classic money line title. Examples for these sports are but not limited to:
Since betting on the spread is one of the most popular ways to bet on sports online, most online sportsbooks will offer spread bets on most major events, but particularly football. The best and most popular online sportsbook that offers bets against the spread is Bovada. For over 20 years, Bovada has been providing users with the ultimate online sports betting experience to American clients. Bovada even offers several valuable welcome bonuses, granting qualifying customers with free play cash. Be sure to check out Bovada for all of your online sports betting needs, including betting against the spread.
Alterative Spread Betting On The NFL
When betting on the 2022 NFL season, BetOnline allows bettors to wager on many different alternative spreads from all of the NFL action during the regular season. If a bettor feels confident that the Bills will beat the Rans by more than 2.5 points, BetOnline offers props that range from 1 to 15-point favorites. This adds value to the bet because the alternate lines significantly increase the amount with longer odds the higher the original line is stretched. If the Bills were to end up winning by 14, BetOnline rewards bettors who sue the alternative lines..
Live Betting On Covering The Spread
As spread betting has always been one of the most popular bet types available for legal books, MyBookie offers spread betting for all of the most popular sporting events. Whether betting on a Grand Slam event or the NFL playoffs, MyBookie moves their game lines and spreads during the action of the game or match. Live betting o the spread gives bettors value that wants to bet on an underdog comeback. If a team was down by 21 at the half and the spread moved to 21, a bettor could win big by betting on the favorite team to not cover at MyBookie.
With the 2022 NFL season kicking off on Thursday, September 8th, there are many spreads that have betting value for each week of the regular season. Some teams have small spreads to cover as heavy favorites and teams with spreads that could be too long to cover. The first week of the NFL season is one of the best weeks to bet on teams covering or not because of the excitement of seeing how the team looks for the first game of the season.
The Saints have Jameis Winston locked in as their starting quarterback and will be unveiling an offense that has one of the best running backs in the NFL in Alvin Kamara, a rookie wide receiver in Chris Olave that is one of the favorites for ROY, and the return of Michel Thomas for 2022. The Saints are -230 favorites and there is value in betting on them to cover the 5.5 spread. During their 2021 season opener, the Saints beat the Packers as an underdog by 35 points.
Russell Wilson is starting his 2022 season in Seattle like normal but will be playing for the Denver Broncos. The Seahawks have entered a rebuild-type year without their franchise QB and have announced Geno Smith as the starting QB for the first game of the season. The 6.5 spread has value for the Broncos as -260 favorites because of the momentum coming in through the Bronco’s new offense against a Seattle team that has to figure things out. As a starter last year, Smith went 1-2 and only beat the Jacksonville Jaguars.
There are various reasons why a point spread may change before kickoff. One of the most common reasons is lopsided betting action on the game. Legal sportsbooks always strive to garner an even amount of money on both sides of the outcome, in order to guarantee profitability. If a lopsided amount of money is bet on one side over the other, bookmakers will do one of two things: if the disparity is large, they will adjust the actual point spread, giving more or less points to the underdog (sometimes even flipping the favorite and underdog); if the disparity is small, they will change the “juice” or odds for the lesser-bet side. This is done to garner more bets to balance the books.
Breaking news, like an injury to a key player or impending inclement weather, can also change a point spread. It is important to place your wager as soon as possible if you like a specific spread, as spreads are always subject to change – most point spreads change several times before settling at the closing spread at kickoff. However, once you place a wager, the point spread will be locked in at the number you took.
One interesting way to bet on the spread is by using an alternate spread. This allows bettors to choose their own spread, with adjusted payout rates. Alternate lines usually cover a very large range of spreads, and as such, a very large range of possible payouts.
This is a great way to bet on the spread, as it allows you to dial in your risk tolerance and confidence in the team you are betting on. Most games have huge varieties of alternate spreads, with football games usually offering the most.
Point spreads are very popular across a wide range of sports, including those that do not score with “points.” Sports like baseball , which counts runs instead of points, or hockey , which counts goals, will have different names for their spreads. These spreads function the same as a point spread, but with a different name.
A puck line is simply a point spread in hockey. It functions in exactly the same way as a point spread.
Similarly, a run line is a point spread in baseball. Run lines are almost exclusively 1.5 runs, but alternate spreads are usually available.
A goal line is a point spread in soccer. It functions the same as a typical point spread. Unlike a run line, goal lines vary depending on the teams involved.
Because of the nature of taking the spread, sportsbooks don’t host the odds too high, usually setting them between (+110) and (-115). The aim is to set the spread as evenly as possible, making it a great betting choice for betting on the favorites, but not so great when betting on underdogs as the payout is bigger on the moneyline. If you would like to increase your potential payout and still play the spread, alternate spreads are your best choice.
A tie against the spread is referred to as a “push.” Often, sportsbooks will set their spreads with half points, often referred to as a “hook”, in order to avoid this. However, a push can still happen on occasion. If a push occurs in a single spread bet, most sportsbooks will return your original wager but offer no winnings. If a push occurs in a parlay, there are two possible avenues for a sportsbook to take: one is to count a push as a loss, therefore causing the bettor to lose the parlay; the other is to remove the bet from the parlay entirely, lowering the payout but still keeping the parlay intact. Be sure to check your preferred sportsbook’s terms and conditions to see how they handle pushes in parlays.
Some games may not show a numerical spread, but instead show a “PK”. This is short for “pick,” meaning that the game is even without a point spread and bettors must choose the winner outright. Usually, sportsbooks will manipulate the “juice” in order to attract more bettors to the lesser bet side of a PK spread.
Juice is the odds for each side of a point spread. The juice functions exactly the same as a moneyline, indicating the payout rate for each side of the spread bet. For most point spreads, both sides will have the same juice, typically (-110). Sometimes a sportsbook will manipulate the odds in order to attract more bettors to the lesser bet side, but these changes are usually relatively minor and done in +-005 increments.


States Where Sports Betting Is Legal


What Is A Spread In Sports Betting?


What Does The + And – Mean In Sports Betting?


Forbes Advisor receives compensation from partner links on this page. Online bets are not legal in all locations, and this content is meant for those 21+. Winnings are not guaranteed, and you may lose all of your wagered funds. If you or someone you know has a gambling problem, call 1-800-GAMBLER

Pros Generally have better betting line value than the moneyline It can add more value to parlay wagers Can have higher maximum bet limits Adds excitement to games with a clear better team against a worse team Cons Assessing a wager could take more time The winning team in real life doesn’t necessarily win the wager

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As of the second half of 2022, more than 30 states have retail and/or online sports betting laws enacted or pending legislation for the industry.
Since the US Supreme Court overturned the Professional and Amateur Sports Protection Act (PASPA) in May 2018, sports betting has caught on like wildfire. Each year, more and more bettors are finding interest in the activity.
Even if you’ve never wagered on a game, you’ve likely heard the term “point spread” or “the spread.” But what exactly is it? How can you use it when betting on your favorite sports team to add extra money to your wallet?
Here, we’ll not only explain what sports betting is, but we’ll look at the purpose of the spread, compare moneyline betting and spread betting, how it varies by sport and more.
To better understand spread betting, there are four main terms to know and understand: underdog, favorite, push, hook and juice.
When you first arrive at your favorite online sportsbook and look at the available bets for the upcoming games, you may notice two notations in the spread column—a “-” and “+.”
These are important as these not only indicate what the spread is but also illustrate which team is favored and which is the underdog.
For example, you look in the spread column of the upcoming Baltimore Ravens and Miami Dolphins game. The Dolphins are +2.5 on the spread, and the betting line is -110.
With that +2.5, you could view the game starting with a score of the Dolphins up 2.5 to 0. Of course, the game’s score will be 0 to 0, but in the eyes of the spread, the Dolphins either need to win outright or lose by no more than two points.
You’ll lose that spread bet if the Dolphins lose 23 to 20. However, if they lose 23 to 21, you would win, as the added 2.5 points would result in a score of 23.5 to 23 through the prism of the wager.
On the other side, the “-” before the number indicates the favorite. Sticking with the above Dolphins/Ravens example, the Ravens would be -2.5.
Side note: For most sports, the spread will be the same on both sides, with the only difference being “-” or “+.”
Unlike the Dolphins, who need to lose by no more than two points, the Ravens now need to win by at least three points, given the added 0.5 on the spread.
Now, if the spread were Ravens -3, they would need to win by at least four. If the final score were 23 to 20, that would result in a push.
While we go into each wager hoping to win, taking a draw is better than losing.
A push can only occur when the spread is a whole number and doesn’t have the added 0.5.
As mentioned, if the spread is -3 and the team wins by three, this would result in a push as the underdog also has a spread of 3 on the other side, but with a “+.”
You don’t win or lose when this occurs—you receive your original wager back.
We’ve made mention of “the added 0.5,” but in sports betting, that added 0.5 is important. So important, in fact, that it has its own term—the hook.
There’ll never be a push with the hook, as teams cannot score half of a point. However, depending on which side you bet, the 0.5 acts like a whole point.
Again, if the spread is +2.5, you need to win outright or lose by no more than two; if the spread is -2.5, you not only need to win outright, but you need to do so by three or more.
Juice, also known as “vig,” is a price you pay for making a wager through an online sportsbook. The standard betting line, commonly seen in spread betting, is -110. With this betting line, you’ll earn $10 for every $11 wagered.
Think of it this way: If you see a “-” line of anything above -100, each point is the “juice” or the “vig.”
Spread betting is exclusively for sports betting. Thus, this isn’t a bet type you’d find at an online or retail casino.
The closest thing to a spread at an online casino would be the house edge, which is constant with each online casino game. In contrast, the spread is an optional wager in sports betting.
No matter what sport you’re a fan of, there’ll always be good and not-so-good teams.
There’s always going to be a disparity in professional sports.
But that’s where the point spread comes in.
The purpose of a spread is to make the teams as even as possible. The point spread is typically generated by online sportsbooks using algorithms and other mathematical formulas which determine how superior or inferior a team is.
So, when you bet on the point spread, you can look at the favorite and think, “According to this bookmaker, this favored team is considered ‘x’ number of points better than this other team.”
While the spread accounts for the strengths and weaknesses of each team, the moneyline removes all of that.
The moneyline wager is picking which team will win outright, with no strings attached.
While picking a moneyline team may be easier, the conversation around bet value is necessary.
We can all conclude that the Rams are incredibly likely to beat the Jaguars. However, the moneyline in a bet like that could have a -1000 line for the Rams. This would mean that you’d need to wager a hefty sum of $1,000 to profit $100.
The spread counteracts that value disparity but introduces an additional variable.
Say the Rams are -14.5 point favorites. You may conclude that the Rams will win, but will they win by 15 or more?
Generally, a point spread betting line will almost always be roughly -110.
So, you can bet on the Rams to win outright at -1000 ($1,000 to win $100), or you can assess the situation, and whichever side you think will cover the spread will get you $100 on a $110 wager.
Now, there are times when betting on the moneyline makes more sense. That said, there are different strategies for different sports, such as the NFL, MLB, NHL and NBA.
The key spread number in the NFL is -3 or anything less than that. When you see a -3 line, this is typically for when two teams are relatively equal in stature, but this could account for home-field advantage.
When you see a spread less than three, it may be better value, depending on which side you want to wager, to bet the moneyline.
According to Sports Insights , the chances of winning an NFL game by less than three points is minimal.
The point spread in the MLB is known as the “runline.” Unlike the NFL, the runline will always be 1.5 on each side. The betting line will almost always be different than -110, as 1.5 runs in a baseball game can be substantial.
Also, with the runline of 1.5 being so static, the “favorite” may not be the best candidate for that -1.5 runline.
The NHL also has an alternate term for the points spread—the puckline. Like MLB betting, the standard puckline is also 1.5. This makes sense, as MLB and NHL scores are far more synonymous than the NFL or the NBA.
As the NHL and MLB are more similar to one another final score-wise, the NBA and NFL are more on par.
However, the similarity isn’t the final score but rather the margin of victory. NBA games can have high point totals, but you’ll find that the spreads are more “in the ballpark” with the NFL.
It’s more common to find “larger” spread numbers in the NBA, but the betting line of -110 is something you should often expect to see.
You can absolutely win money when betting the spread. However, there are a couple of easy strategies you can deploy immediately to assist in winning cash.
If you’re in a state where multiple sportsbooks are available, we recommend looking to see if any offer better value for you, depending on the wager you intend to make.
Whether getting a better betting line or adding 0.5 or a whole point to a spread, this can be a way to find the most attractive bet for you.
Alternate line wagers may not be available at all sportsbooks, but it is something to consider. With this type of bet, you can bet on a different spread with the betting line value reflecting that change. You may sacrifice some betting line value for that added point or two.
All online sportsbooks will have some form of a bonus or promotion offer.
Whether it’s no-deposit bonuses, deposit bonuses, free bets, “risk-free” bets or something similar, you can leverage these to explore wagers that you might not have otherwise considered. Some promos are tied to specific bets.
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Graduating from the University of New Hampshire with a BA in Journalism, Richard Janvrin has been covering iGaming and sports betting since December 2018. Richard has covered bett
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