Half Point Spread Betting
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Half Point Spread Betting
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This calculator allows you to quickly understand the value of buying or selling half-points when betting on popular sporting events. You can use it for NBA spreads and totals , NFL spreads , NCAA basketball and NCAA football, along with MLB totals. It is a great tool for experienced bettors and novice handicappers alike. Read on to learn more about how much a half-point is worth, the advantages of using this calculator, when to purchase or sell half-points, how to use this tool and the best sportsbooks for buying and selling half-points.
Most sports betting sites allow you to buy half-points from a point spread for $0.10. Let’s say the Minnesota Vikings are -110 to cover a -5 point spread against the Pittsburgh Steelers. You could then buy a half-point and bet on Minnesota -5.5 at odds of -120, or sell another to bet on Minnesota -6 at -130. This increases your chances of success, but decreases the potential profit you stand to make. If you bet on Minnesota -5 and the Vikings win by 5 points, it is a push and you simply get your stake back. However, if you had bet on Minnesota -5.5 instead, you would make a profit. Yet if the Vikings were to win by 6 points, your profit would have been diminished by purchasing half a point, so it is a delicate balancing act. This tool can help you make sense of it. You can use it to understand the changes in the edge on the favorite and the underdog by buying or selling points, allowing you to understand the value of doing so.
This calculator makes the process of figuring out whether to buy or sell half a point – or multiple half-points – quick, simple and efficient. It quickly presents you with the fair value for half-point purchases and sales on NBA, NFL, NCAA basketball , NCAA football , and MLB (totals only). Many advanced handicappers use this strategy to bolster their bankroll over the course of the season, but it can be complex and painstaking. It can also be disastrous if used incorrectly, so this calculator simplifies the process and allows you to make informed decisions. You can choose from two options: American odds or decimal odds. This is the most helpful advanced half-point calculator you will find, as it tells you the edge on each outcome and the push probability, but the information is displayed in a clear and accessible format.
Follow these steps when using this calculator: 1. Enter the league you are betting on (NFL, NBA, college basketball, college football, MLB totals). 2. Enter the bet type (spread or total). 3. Choose the odds type (US or decimal). 4. Enter the spread or total. For example, if it is a 5-point spread you would enter “5” and if it is a 238.5-point total you would enter “238.5”. If it is a pick-em, enter 0. 5. If you are betting on the spread, enter the odds on the favorite to cover it in the Fave Price box. If you are betting on totals, enter the odds on over. 6. If you are betting on the spread, enter the odds on the underdog to cover it in the Dog Price box. If you are betting on totals, enter the odds on under. 7. Click “Calculate”. You will then be presented with a wealth of statistical information underneath. There will be seven different rows. The middle row tells you the actual spread or total line that you just entered into the calculator. The rows above and below show you the impact of moving the spread in either direction.
Let’s say Tampa Bay is playing Carolina in a big NFL game . The spread market might be for 2.5 points. You might find a sportsbook offering +102 on Carolina -2.5, and -110 on Tampa Bay +2.5. If that is the case, you would enter the following: • League: NFL • Bet Type: Spread • Odds Type: US • Spread: 2.5 • Fave Price: +102 • Dog Price: -110 Hit “Calculate” and the middle row – the meeting in the middle point – will then display the information you have just inserted. This is essentially the halfway point, where the line will meet in the middle. The row above will then tell you payout odds on Carolina if you buy a half, making the spread Carolina +2 instead. You will now find a favorite price of -102, and it tells you the edge on Carolina at that price. If you want to buy another half on Carolina, you will see the impact of a 1.5-point spread in the row above that. If you want to sell half points, go in the other direction from the meet in the halfway point and look at the options below the middle row for a -3, -3.5 or -4 point spread. Both driving directions see the spread move further from the halfway point.
This information corresponds to the same vig as the initial payout odds. If you want to buy a half point on Tampa Bay, you would find all the necessary information in the row below the middle row (a +3 spread instead of a +2.5 spread). If you want to buy two half points, you will see a +3.5 spread displayed above that. Just bear in mind that the calculator becomes increasingly less accurate the farther away from the starting spread/total it moves. You can scroll up or down to see wider line movements, but we recommend you stick to 1.5 points either way for greater accuracy.
You can then edit this bottom section of the calculator. Let’s say a rival sportsbook that you generally use is offering -110 on Carolina -2.5 and -110 on Tampa Bay +2.5. You can go in and enter -110 in the Fave Price for a spread of 2.5, -120 for a spread of 2, -130 for a spread of 1.5 and -140 for a spread of 1. You can enter -110 in the Dog Price box for a 2.5-point spread, -130 in the Dog Price box for a 3-point spread (it generally costs $0.20 to move to a half-point on the 3 as it is such a common margin of victory, -150 in the Dog Price box for a 3.5 spread, -160 for a 4-point spread.
This will change the approximate edge in each example, telling you which are the best and worst bets you can make when buying a selling half-points. You should look for as low an edge as possible. In this case, the best bets are Tampa Bay +3.5 and Tampa Bay +4. The worst bets are Carolina -1.5 and Carolina -1.
This page helps you learn the best bets and worst bets you can make when buying or selling to push spreads and totals in different directions. If you like betting on football, you will know that the most common margins of victory are 3 points and 7 points. The push probability on a 7-point victory is 5.72%, and the push probability on a 3-point victory is 9.79%. It is often worth moving a -3.5 spread bet to -2.5 for $0.50. This is a move of two half-points. Another example of a good time to buy or sell two half-points is moving from 9.5 to 10.5 or vice versa for $0.20, or moving two from 13.5 to 14.5 or vice versa for $0.20. You might want to consider buying a single half-point for $0.25 to move a spread market from -3 to -2.5, or from +3 to +3.5. If the spread is set at 10, 14 or 17 points, it is generally sensible to buy a half-point either way for $0.10. This is better than the point at which the spread will meet halfway, as you will gain a better edge.
Bettors are always keen to learn the top online sportsbooks for spread betting and the best sportsbooks for totals betting. You should stick to safe, reputable sites with a long history of offering great odds, fast payouts and superb customer service, such as BetOnline , Bookmaker , Bovada , Heritage Sports , Intertops and YouWager . BetOnline excels for buying and selling on spreads and totals, as it allows you to purchase up to four halves either way at $0.10 apiece, as opposed to the industry standard of three. Some only allow you to buy two half-points, so the ability to buy four at BetOnline is really appealing.
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Home / Betting Guides / What Is Point Spread Betting?
American Odds and the Concept of -110
Point spread betting is a way for casinos to handicap the favored team and it’s a really exciting way to bet on all kinds of sports from football to baseball to basketball.
On this page we’ll explain step by step what point spread bets are and how to place them at online sportsbooks and casinos. We’ll go into detail about how they work in all the major sports and, most importantly, how to find teams that are the most likely to cover the spread.
When two teams face off, one side typically has better odds of winning than the other. That’s the favorite, and it’s the team that most people want to bet on. However, if everyone bet on the same team to win, sportsbooks risk massive losses.
That’s why bookmakers try to get an equal amount of action on both sides of every bet. That way they’re guaranteed to make a profit from the vig they charge regardless of which team wins. One way sportsbooks make both teams equally appealing to bettors is by offering what’s called point spread betting .
Point spreads require the dominant team to win by a certain number of points or goals, while also allowing the underdogs to lose by that same number of points or goals and still pay out if you bet on them. That way, choosing between both teams is more like a 50/50 coin toss. This popular form of betting has been used with sports since the 1940s and is common with all sorts of leagues, including NHL, NFL, NBA, MLB and soccer.
The goal of the point spread is to even the playing field between two teams in a game. When both teams attract an equal amount of betting action, sportsbooks are able to offer higher payouts, especially with games that feature lopsided opponents.
In order to do that, handicappers establish a margin of victory (and loss) that both teams must cover in order to win the bet. Represented as a number, the point spread acts in two ways:
If the team you picked still wins after the point modification, your spread bet wins.
For example, with a 4-point spread, the favorite must win by more than 4 points for bettors to get paid. Conversely, the underdogs can lose by 1, 2, or 3 points (or win the game outright) and still win the bet. However, if the underdogs lose by more than 4 points, the bet is a loss.
Let’s look at a specific example to see how sportsbooks advertise point spreads and how they work:
In this example the Rams must win by more than seven points to cover the spread while the Vikings can lose by six or less points or win the game outright for them to cover the spread.
How much you get paid on your point spread bet depends on the odds listed at the time of the bet. Beside every point spread in parentheses are the odds that determine the payout. They’re expressed as American odds and they look just like the odds you’d find on a moneyline bet such as +125 or -120. In order to figure out your payout, first look at whether the odds are negative or positive.
Using multiples of 100 makes it quick and easy to see the value and cost of a bet; it doesn’t mean your bets need to be $100. You can bet however much you want within the maximum and minimum betting parameters outlined in a sportsbook, and the payout will be scaled up or down based on how much money you stake.
Rules for point spread betting include locking in odds, scenarios that result in a push and the inclusion or exclusion of overtime. We’ll cover all of these rules, so you know exactly what to expect from your spread bet.
Up to this point we’ve discussed how point spreads work, but we haven’t talked about the difference in spread betting between sports with lots of scoring and sports with very little scoring. This distinction can be seen with two different kinds of point spreads:
Flexible point spreads can be any number the oddsmaker thinks is appropriate for the game. These types of spreads are used for sports with lots of scoring like football and basketball.
Systematic point spreads, on the other hand, are used with sports that have lower point or goal totals-like baseball and hockey. In these scenarios, the spread is the same for every game. We’ll go through an example of these two types of point spreads, starting with a flexible NFL spread.
Let’s say the New England Patriots and the Kansas City Chiefs are facing off, and both teams are enjoying solid seasons. The Patriots have the stronger record, so they’re the favorite. You can tell this game is taking place at Arrowhead Stadium in Kansas City because the home team is always listed on the bottom of the two lines:
We’re looking at a 3-point spread here. The spread is always negative for the favorite and positive for the underdogs. With the 3-point spread restraining New England, the Patriots must beat Kansas City by more than 3 points for their bets to pay. On the other hand, the Chiefs can either win straight up or lose by 1 or 2 points and still cover the spread. Overtime is included in the outcome.
A third outcome is possible. If the Patriots beat the Chiefs by exactly 3 points, say the final score is 10-7, the result is a push, and the money staked is returned to bettors. Often, oddsmakers will use spreads that incorporate a half-point in order to avoid pushes because there are no half-points awarded in hockey, baseball, basketball or football.
To illustrate MLB’s spread betting, known as the runline, we’ll use a game between the Boston Red Sox and the New York Yankees. With baseball, the presence of a certain pitcher is such a big part of the team’s success that they’re included as part of the bet. In this scenario, if a different pitcher plays, the bet is marked No Action, and the money staked is returned to bettors. Some sportsbooks offer MLB runline bets where no pitcher is included, and the odds will reflect the uncertainty through lower payouts.
Boston Red Sox vs. New York Yankees
Unless you’re looking at Live Betting, the runline always uses a 1.5-point spread, with the favorite getting -1.5 and the underdogs getting +1.5. In our example, the Yankees are 1.5-point home favorites, which can be deduced from their negative spread and placement underneath the Away team. In order for a runline bet on the Yankees to win, they must win by at least 2 runs and Tanaka must be the starting pitcher. If it all pans out, a $100 bet would pay $125.
For a bet on Boston to be successful, Rodriguez would have to start and Boston would have to win, or lose by a single run. A $145 bet would pay $100.
Betting point spreads offers all kinds of opportunities to use betting strategies to increase the value you’re getting on your bets. Let’s take a closer look at some of the edges you can find.
Tracking a point spread for a game of interest will tell you how the public as a whole is betting. In order to reduce the risk of exposure, sportsbooks are always trying to balance the action between both sides of a bet.
So if the public predominately bets on one team, the spread will shift to encourage more action on the other team. Here’s an example of how a 4-point spread can move:
Teams with big fan-bases typically see a shift in their spread before the start of a game, so if you want to bet on one of these big franchises, it’s best to do it in advance. Meanwhile, it’s usually best to bet against them closer to game day when there’s more value on the underdog.
Any sport with a structured spread, like baseball and hockey, won’t see shifts in their spread. Instead, changes are made to the odds associated with the spread. To encourage betting on one team, odds will lengthen, such as +150 becoming +165. To discourage betting on a team that has already received a lot of action, odds will shorten, such as -125 becoming -140. Keep an eye on these changes to get the best value for your spread bet.
As bets roll in on one team in a game, the spread shifts to encourage action on the other side. This can create a unique opportunity to bet the middle, which involves betting on both sides, with each side having its own spread. If the end result is in the middle of both bets, you win twice.
Betting the middle is most common with NFL because NFL odds are typically released a week before game day, providing ample opportunity for the spreads to shift. We’ll use an example to explain how to bet the middle.
Let’s say the Philadelphia Eagles are -14.5 favorites against the Los Angeles Rams. You pick them up, and as game day approaches, the spread shifts, making the Eagles -17.5 favorites instead of -14.5. At this point, you pick up the Rams as +17.5 underdogs. Now, if the Eagles win by 15 to 17 points, you win both your Philadelphia bet and your Los Angeles bet.
With football and basketball, you can increase your odds of winning a spread bet by buying points to alter the line in your favor. Sportsbooks offer one, two or all three of the following options when it comes to buying points:
Upon buying points, the spread will move in the direction that benefits you. If you’re betting the underdog, points will be added to the spread, whereas if you’re betting the favorite, points will be subtracted from the spread.
For example, if a point spread is 6.5, buying a half-point for the favorite decreases the spread to -6. Meanwhile, buying a half-point for the underdogs increases it to +7. Now, if the favorite beats the underdogs by 6 points, the result is a push instead of a loss. As for the underdogs, if they lose by exactly 7 points, the result is a push where it would have been a loss with the original +6.5 spread.
For the most part, the cost of each half-point is 10 cents (10%) in vigorish, which is the money the sportsbook charges as commission; that cost would change a standard -110 line to -120. However, with football betting, there are certain premiums for spreads that land on or off numbers that are statistically more prevalent outcomes for win margins. For example, the two most common margins of victory in NFL are:
When buying points, if the spread happens to fall on or off the magic number 3, you’re charged 25 cents in vigorish, changing the line from -110 to -135. Now you’ve got to spend $135 instead of $110 to win $100. Spreads that fall on or off 7 incur a cost of 15 cents, changing the line from -110 to -125.
Of course, not all lines are -110. When you get into lines below the -110 standard, there is an additional step (and cost) because you have to get the line up to -110 before buying points. For example, a line of -100 would need to be boosted up to -110 before adding the point, and the 10-cent cost to do that is added to your point purchase. Lines that are above -110 don’t require any extra steps to bring them down to -110.
Be sure to familiarize yourself with the rules to point spread betting that are specific to the sportsbook you’re using, as some books have restrictions on what type of numbers can be modified by a spread. For instance, with some books, you may only be able to add a half-point onto a spread with a half-number, which would turn some of your losses into pushes.
Line shading is when sportsbooks make the most popular bets more expensive than what the true odds would suggest. It’s no secret that people bet on what they want to see in a game, and in general, people want lots of offense and big-franchise victories. If a sportsbook is shading lines, these two picks cost more than normal. A common strategy to avoid falling prey to shaded lines is to bet against the public and to always shop around.
Points spreads and moneylines offer two unique approaches to betting on a game. Do you want to pick the winner of a game straight-up? Alternatively, you can bet on how many points the favorite will win by, or how close the underdog will come to pulling an upset.
The first option involves a simple bet on the moneyline, which is where new bettors often start. As you get comfortable with sports betting, you’ll want to progress to the point spread for the added value.
With the moneyline, you pick the team that you think will win the game, and if that team wins, you win. If there’s a tie, you get your money back. If your pick loses, you lose your wager. It’s as simple as that. The amount you win depends on each team’s probability of winning and is clearly marked in the odds. This is an easy first step in sports betting, making it a great starting point for beginners.
With the point spread, your bet will require more thought, as you’re picking a team to win against the spread, not straight up. With this extra step, you get extra benefits; it’s easier for the underdog bet to come through and more challenging for the favorite to win. That extra hurdle for the favorite translates into bigger payouts than what you can expect to win on the moneyline.
As a rule of thumb, the moneyline is best for predicting underdog upsets, and the spread is best when you want to bet on a big favorite to win. You’ll still want to compare the odds and payouts of both options to make sure you’re getting the best value possible.
Point spreads are the most popular way to bet on NFL, and they come in all shapes and sizes. You could be looking at a tiny spread of 1 point, or big spreads like 17 points. The spreads get even bigger if you look at college football.
There are a few things to keep in mind when betting on NFL spreads to boost your odds of coming out on top.
Click here for our comprehensive guide on how to bet on NFL football . If you are not sure that your state has legalized sports betting yet then check out if you can bet on the NFL in your state .
Basketball point spreads are similar to football ones in that they can range substantially based on how lopsided the matchup is. Although the spread makes the bets fairly even, there are a few key insights that will help you get the most of your NBA point spread betting experience.
Click here for our comprehensive guide on how to bet on NBA basketball . Not every state has legalized sports betting so check if your state has legal betting on the NBA .
MLB point spreads are different than NFL and NBA ones because they’re standardized and inflexible. Instead of having a range of point spreads, teams are listed as a -1.5 favorite or a +1.5 underdog, with the exception of Live Betting, which offers flexible runlines. In order to balance the action, handicappers adjust the odds, which determine payouts. See below for an example of a runline:
In this example, betting $100 on the Red Sox would pay $135, and betting $155 on the Giants would pay $100. These odds will shift before the game begins in order to balance the action between both teams. Because the spread is standard and quite small, buying points isn’t an option with the MLB runline.
In baseball, a team’s success is greatly influenced by their starting pitcher-so much so, that they’re often included in MLB spread bets. In these cases, the pitcher listed in the spread must start for the bet to be active.
Hockey spreads are similar to baseball spreads in that the spread is standardized, and the odds associated with the spread are adjusted to balance the action between both bets. Just like with baseball, hockey spreads are 1.5, although at times, 2.5-goal spreads are available. Buying points isn’t an option with the NHL puckline.
As is the case with most major league spread betting, overtime counts in NHL betting. And if the game includes shootouts, the final score will reflect the winner of the shootout with the addition of one goal to the victor’s game total.
When betting on NHL, there are a few things to keep in mind in order to make an informed bet.
Researching and keeping track of these factors will help you determine if the favorite or the underdog is the best bet for any given hockey game.
Click here for our comprehensive guide on how to bet on NHL hockey.
Spread betting should be included in every player’s tool box. The key to making money off sports betting is the ability to place the best type of bet with the best odds every time you make a wager, and knowing the benefits and drawbacks of each bet helps you make informed decisions.
Next time you want to put some money on a big game, make sure to compare the spread with the moneyline odds to see where the best value is.
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