How Do Betting Football Spreads Work

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Point spread betting, or merely spread betting, is a type of betting where the punter is successful depending on the accuracy of the bet rather than the usual ‘win or lose’ situation. This type of betting may seem overwhelming for a newcomer with all the various symbols and numbers on the odds list. It may be even surprising to see experienced punters unable to completely understand the various intricacies of this form of spread betting.
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In this article, you will understand how does a point spread work in sports betting and you will also receive other essential explanations that you must know as a punter.
Point spread betting is all about predicting the range of the result rather than the result itself. The outcome of the bet is determined by the range, while the returns are determined by the price set by the bookmaker. This is quite popular in the United States, while the bookmakers in the United Kingdom provide victories that are multiples of the original bet.
In the US, the price becomes a key element in the spread bet with a clear house edge available. The best odds are chosen based on the size of the house edge. In the United Kingdom, the house edge is the central point of the spread that will provide the profits.
Bookmakers use points to separate the favourite teams from the underdogs. The American football spread happens to be a hugely popular betting option. A great example would be a matchup between Dallas Cowboys and New England Patriots. The football point spreads for this game would be like:
Rather than merely back Dallas Cowboys or New England Patriots for a victory or defeat, a punter can use the median in order to try and predict the outcome of the game along with its range. In each game, one team comes in as the underdog and the other happens to be a favourite.
The negative (-) is used to denote the favourite team in the points spread NFL. Conversely, the positive (+) sign is used to denote the underdog. The number of the brackets is the wager along with the fees for the broker to cover the spread.
The point spreads gives an indication about the team favoured by the bookmaker. A punter effective bet on the range of the outcome. In the above example, choosing Dallas Cowboys in the football point spread shows that the punter is expecting a win for Dallas Cowboys by that advantage.
At the other end of the scale, New England Patriots might have been able to remain within the spread even after defeat, if the margin of defeat is not as high.
The betting spreads come with a number – ‘3.5,’ in this case – that is used to denote the margin of success. The negative sign is used to denote the favourite team and the number will be the margin of victory. For example, Dallas Cowboys secure an 18-13 victory over New England Patriots.
In this case, the margin of victory for Dallas is five points, which is more than the spread football points offered by the bookmaker. If Dallas Cowboys only manage a narrow 18-15 win, the margin of victory is just three points. This falls short and the punter is adjudged to have lost betting against the spread (ATS). In case of a tie, the punter gets the entire stake (or betting points) refunded.
One of the common questions that springs to the mind of an punter, while analysing how do point spreads work, is the need for a 0.5 at the end of each point. This has a crucial role to play from the view of a bookmaker, as it is used to avoid a tie. If there is a spread of three points, and the bookmaker could be looking at a complete refund of the wager if the result of the match is 18-15. This creates a push scenario. Going with the 0.5 might raise questions about how spreads work, but it crucial elements in the push aka ties scenario.
The odds are reflected by this number, and it is the value required to win £100. The punter is certainly at risk by placing £110 in order to win the £100. The differential £10 is known as the house edge, as the bookmaker stands to make £10 irrespective of the outcome. Understanding point spreads and betting the spread is about knowing the best risk to reward ratio.
You have to understand a win spread first. This is where the wager in the betting spread comes into play. The number denoted in the brackets is the wager a punter must place in order to win £100. This is usually higher than £100 – in this case it is £108. The differential amount happens to be the house edge. If the punter wins a particular bet, they are paid out the £100 along with the wager of £108 to bring a total of £208 in the baseball point spread.
If a punter comes up with an incorrect prediction, they stand to lose the £108 that has been wagered.
There are some key elements that help make a punter successful when it comes to the sports spread. This would involve understanding the key numbers and lines while shopping for the odds. Since the margin of victory is the key element here, analysing the recent trends of the two teams (such as team wins) is essential before picking the odds.
Even though a team may come into the game as favourites, they may not stand to get a huge win if the opposition has the ability to stand firm and not give in.
It is also important to shop around for the best odds while playing the spread bets. Since bookmakers differ in the odds – the quantity required to win £100 – with some offering -107 against a -108 of a favourite bookmaker, it is advisable to avoid loyalty when it comes to betting.
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A point spread in sports is a way for oddsmakers to make a matchup between two unbalanced teams more balanced by giving points to or taking points away from each team.
The favorite in a matchup, indicated by a minus (-) sign, will have a given number of points taken away from its final score, while the underdog , known by its plus (+) sign, will have the same number of points added to its final score.
Be sure to check out our sports betting glossary to assist you with some of the terms used in our sports betting guides.
NFL spread betting is probably the most common and popular way to bet on football as it adds some excitement and better odds over just picking an outright winner. If you are new to betting the NFL altogether, be sure to check out our great How to Bet on the NFL guide.
Here is an example of a point spread for an NFL game and how it would look:
As you can see, Dallas is the 4.5-point favorite, which means the Cowboys would need to win the game by five points or more to win the bet. Conversely, New York is a 4.5-point underdog, which means to win the bet the Giants would need to win outright or not lose the game by more than four points.
If the Cowboys win 20-17, they win by three points and do NOT cover the 4.5 points, but the Giants have “covered the spread” by staying within 4.5 points.
Point spread wagers often will be put into parlays in which you make multiple bets on one slip for a larger payout. If you have a few games that you’d like to wager on and want to see how a payout changes by adding or subtracting games, feel free to play around with our odds calculator to help you learn how odds work.
There are certain point spreads that bettors should be aware of that are known as “ key numbers .” These spreads are directly related to how points are scored in football such as a field goal (three points) or a touchdown (seven, assuming a successful one-point conversion). The three main key numbers in NFL point spread betting are 3, 7 and 10, representing a field goal, a touchdown and a field goal plus a touchdown.
The two most common margins of victory are three and seven points because of the type of scoring in the NFL. This is why you should shop around at different sportsbooks to find better lines to maybe gain an edge over the key numbers like getting a +3.5 spread as opposed to just +3 – you can get a quick look at the different books at our NFL odds page .
You can also “buy” points with a “ teaser bet ” in which you can move a +7 line to +8 but the odds may shift from -110 on the +7 to -135 at +8, meaning less of a return on your winning ticket. You can have key numbers on OVER/UNDER totals as well.
The most common betting line for a point spread is -110. A -110 line on either side is like paying a tax or commission to the sportsbook. Bettors would pay 10 percent (aka juice) to the sportsbook, which is essentially a fee for brokering the wager. So, the -110 indicates that a bettor must risk $110 to win $100. Some sportsbooks will even reduce the juice for you, which means you can earn the same $100 payout but risk less money to do it.
For example, if you see -7.5 (-107), then you only need to wager $107 to win $100 (saving you $3). If you see -7.5 (-102), then you only need to wager $102 to win $100.
There are three potential outcomes of your point spread wager: you win, you lose or you push (a tie). Typically, a point spread has odds of -110 for either side of the bet. In the example above between the Cowboys and Giants, the point spread is 4.5 points, while the odds are -110, meaning you would have to wager $110 to earn a profit of $100, or a profit of $0.91 for every dollar you bet.
A losing bet is quite simply you betting on the Cowboys -4.5 and they only win by four, for example. You lose the money that you placed on that bet.
A push wouldn’t happen in the example above because a team can’t win by half a point. It is very common, though, to have a betting line of +3/-3. Let’s say a favorite wins by exactly three. That is called a push and you simply get your money back with no profit and no loss.
PK or Pick’em means that the matchup is so close that there’s neither a favorite nor an underdog. Whatever team you pick to win when betting on the point spread simply has to win the game and the margin of victory doesn’t matter. In these cases, there may not even be a point spread available for the game and you can only bet on the moneyline .
This is a very common occurrence in sports betting and sportsbooks have the full right to shift the spread or odds for any given match prior to its start. Many factors can influence a change of the spread such as injuries, the number of bets coming in for either team or the weather, to name a few. Depending on the timing of placing the bet, the bettor can also have an advantage or a disadvantage depending on which way the spread has shifted.
Here is an example of a change in the spread:
If bettors had wagered on Dallas on Monday, they would be at a disadvantage compared to bettors who waited until Thursday because the Thursday bettors now only need Dallas to win by four points instead of five. But it can also go the other way:
If bettors had wagered on Dallas on Monday, they would now have the advantage over the bettors who waited until Thursday because the Thursday bettors need Dallas to win by eight points or more instead of only five.
Yes, in fact, sportsbooks also release spreads for different points in the match like after the first quarter or first half, which is called live betting or in-game betting . Oddsmakers will set spreads for those different checkpoints and it’s up to you as the bettor to determine which team will lead or trail by a certain number of points after that unit of time.
Here is an example of a first-half spread:
As you can see, Dallas is a 2.5-point favorite to lead the first half by three points or more whereas New York is a 2.5-point underdog, which means the Giants would need to be ahead or not trail by more than two points at the end of the first half.
The popularity of the point spread bet in the NFL is equally shared by NBA bettors and it works essentially the same way. When Giannis Antetokounmpo and the Milwaukee Bucks tip off at Madison Square Garden against the New York Knicks, the Bucks are going to be -800 on the moneyline but may have a point spread of -13.5 points with odds of -110, with the Knicks coming back at +13.5 with a -110 line.
As seen in the NFL with line movement throughout the week, in basketball, you’ll see the line movement occur much faster in a shorter time frame. When we looked at key numbers in the NFL, it was in regard to scoring. A similar approach can be taken in the NBA but it’s more connected to possessions. Look for key numbers such as five and seven because they tend to represent two- and three-possession games.
Be sure to check out our How to Bet on the NBA guide for more options and assistance in getting you in on the action for basketball.
A puckline is what a spread is called in the NHL, while a runline is associated with MLB betting. In both cases, the spread is almost always -1.5 for the favorite and +1.5 for the underdog, but the betting odds fluctuate a lot more than in NBA or NFL point spreads because the spread doesn’t usually change. There are instances in both the NHL and MLB where you see a 2.5-point runline or puckline but those are few and far between, typically between your league leader and a cellar-dweller.
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