How Nfl Spread Betting Works
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How Nfl Spread Betting Works
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In the NFL the best team will win the majority of the games. Spread betting is the most popular NFL betting option because spread betting handicaps the favorite team, which puts both teams on a more even playing field. This allows wagers on favorites to cover the spread to payout much more than money lines and also allows wagers on underdogs to have an equal chance of winning. NFL spread betting is very easy to understand and this page will explain it in detail.
In NFL spread betting the oddsmakers set a number of points that one team is favored by in the game. This is also known as the games handicap. For a wager on the favorite to payout the favored team must win the game by more points than the spread amount. This is known as covering the spread. For a wager on the underdog to win, the team must either win the game straight up or lose be fewer points than the spread. This is known as beating the spread. For example, if a team is favored by 7 points, then the favorite must win by 8 or more points to cover the spread and the underdog must either win, or lose by 6 or fewer points in order to beat the spread.
In this example, the Tampa Bay Buccaneers are 10 point favorites over the Dallas Cowboys. The (-) sign beside the spread amount indicates the favorite because they are essentially having 10 points taken away from them, while the (+) sign indicates the underdog because they are basically having 10 points added to their score.
In this example a wager on the Bucs will payout if they win by more than 10 points, while a wager on the Cowboys will payout if they lose by fewer than 10 points or if they pull of the big upset and win the game outright. If the Bucs win by exactly 10 points then the spread bets would push and wagers would be returned.
The most common odds associated with each side of a spread bet are (-110), which means that a $110 bet would win $100. That being said it is possible for the odds to vary slightly if the spread doesn’t perfectly handicap a game. Here is an example:
In this case the oddsmakers feel that it is more likely that the Packers will cover the 3 point spread than it is that the Vikings will beat it. In this case a $120 wager on the Packers covering the spread wins $100, while a $100 wager on the Vikings beating the spread also pays out $100.
In the two examples given in this article the spreads are whole numbers. If the game finishes with the favorite winning by exactly the spread amount then the bet is pushed and the wager is refunded. It is also possible for spreads to include half points (eg. 3.5, 7.5, etc), in which case it would not be possible for the bet to push.
Beginners Guide For How The Spread Works In The NFL
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The average NFL bettor probably doesn’t know the name, Charles K. McNeil. But almost 80 years ago, the former math teacher changed the gambling world forever when he introduced the point spread to betting on football.
Without the point spread, there’s a good chance that betting on football wouldn’t be anywhere near as exciting as it is today. There’s also a good chance that Americans wouldn’t bet upwards of $95 billion football every year.
If you’re going to be a successful NFL bettor, it’s important to understand what “the spread” is and how it works. Here’s a beginner’s guide that will help you make sense of the spread.
When people first start betting on football , they often struggle to comprehend what a point spread is and what they need to do to beat it. But the truth is that it’s not nearly as confusing as some people think it is.
A point spread is a number that represents how many points oddsmakers think one NFL team is going to beat another team by during a game. The spread looks like this when it’s presented to bettors by sportsbooks:
In the examples listed above, oddsmakers believe the Jaguars are 3 points better than the Panthers, the Cowboys are 7.5 points better than the Giants, and the Saints are 4 points better than the Eagles.
That means that if you decide to bet on, say, the Jaguars with the spread, you need them to “cover the spread” and win by more than 3 points to win your bet. If you bet on the Panthers, you need them to either win or lose by less than 3 points.
The spread is what makes things interesting for bettors. You could technically bet on a team like the Giants getting 7.5 points and win your bet, even if the Giants lose 21-14 in their game against the Cowboys.
In addition to looking at the spread on a game before betting on it, you also need to pay attention to the betting odds attached to it. All games have betting odds that will determine how much you’ll win if you choose to bet on them.
More often than not, the point spread betting odds on a game will be -110. This means that you’ll win $100 for every $110 that you bet on a game. But the betting odds on a game can also fluctuate.
The betting odds on a game are often called the vigorish or the “vig” by sports bettors. The vig is the money that sportsbooks collect for booking games.
Point spreads aren’t set in stone. In the days, hours, and even minutes leading up to games, it’s not uncommon at all for sportsbooks to change the spreads on games numerous times.
For sportsbooks, the goal is to attract bets on both teams taking part in a game. In a perfect world, sportsbooks want to see an equal number of bettors taking the favorite and the underdog in a game. This guarantees a profit for them.
It’s a good idea for new sports bettors to get into the habit of monitoring point spreads at all times. It’ll allow you to get the most favorable spread on the game you’re interested in betting on.
You’re not going to be able to rake in the big bucks if you don’t have a firm understanding of the spread. Make sure you know how point spreads work before you begin betting on games.
Make sure you look for spreads that offer a ton of value, too. If you aren’t sure what to look for, call on the pros for help.
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Home NFL Betting Online How does the Spread work in NFL?
Categories: NFL Betting Online | Published by: Adam Hoover
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Betting on the spread is by far the most popular bet when it comes to the NFL or even college football.
The reason for this is the fact that the spread bet is easy to understand and also easy to win if you know what you are doing.
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Welcome to our article which explains – just how does the Spread work in NFL?
Sports betting differs in major ways compared to old-school gambling games of roulette or blackjack. With these games, it is as simple as placing a bet.
If your cards win or your number hits, you win double your bet.
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When it comes to football (American football), on the other hand, your payouts work in a different way.
It all comes down to the spread. There is a point spread and money spread when it comes to football.
The best way to explain betting on the spread is by showing an example of one and dissecting it.
*This bet is fake and fabricated strictly for this example
The Packers are the favorite in this scenario. The “-” in front of the “7” indicates the favorite in a match. The “7” indicates the point spread.
To win this bet, the Packers have to win by 8 or more points. This is referred to as covering the spread.
The Patriots are the underdogs, as indicated by the “+” in front of the “7”. For the underdog to win, they must either win the game or lose by less than 7 points. This is referred to as beating the spread.
In the possibility that either the Packers win by exactly 7 or the Patriots lose by exactly 7, the wager is refunded and the bet is considered void, in a sense.
There are times when there is a point spread that doesn’t have the chance of being voided if there is a winner of the game.
Games ending in a tie do not apply. These spreads will have a half point instead of a whole number.
*This bet is fake and fabricated strictly for this example
The Dolphins are still the favorite, per the “-”.
However, the Dolphins must win by at least four points.
The Jets can still win the spread if they outright win or lose by 3 or fewer.
There is no way for one or the other to win or lose by the select number as you cannot score a half point in football.
The last part of a point spread bet is the -110. This refers to the payout.
In sports betting, these numbers are all based on a $100 bet. This keeps it simple to calculate the winnings.
With the point spread bets and over/under bets, -110 is the most common odd you will get.
As “-” indicates the favorite, you will be harder to win the most amount of money.
With -110, you must bet $110 to win $100.
However, if the bet hits (wins) then you win the $100 as well as you get your bet back.
You won’t see it in a point spread bet, but there are also odds with a “+” instead. The “+” is the underdog and it is a more challenging bet, therefore you win more money.
With the odds of +200, if you bet $100 and win, you win $200 plus you get your initial bet returned.
There is another type of spread when it comes to football and that is the money spread. This one is similar to a point spread but much easier. Yes, there is an “easy” way to win a bet.
With every football bet that is based on determining the winner, there is always the option of a point or money spread.
*This bet is fake and fabricated strictly for the example
The numbers in the parentheses are the point spread.
The last number resembles the money spread odds.
These odds refer to the simple winner.
You either bet on the Giants or the Texans to win, no matter the score.
The “+” refers to the underdog and the “-” is the favorite, of course.
If it is predicted to be a huge blowout and the underdog has virtually no chance, then the “+” odds will be much higher and the “-” odds will be high as well.
In this scenario, the Giants are 11-0 on the season and the best team in the league.
The Texans are 0-11 and are just a shamble of a team. Being a 21-point underdog, it is no surprise that a $100 bet on the Texans pays out $2,750.
It was stated that bets can end up being “voided”.
Both point spreads and money spreads can result in getting a refund if a tie occurs.
In gambling terms, this is called a push. If the game would end in a tie on a money spread bet, your wager is refunded.
With a point spread, a push occurs if the game ends a tie.
If the spread is a whole number, there is also a push when the favorite or underdog (depending on which one you bet on) wins or loses by the exact number.
It is uncommon, but sometimes there can be no favorite or underdog when it comes to a point or money spread.
This is referred to as a “Pick Em”. In these cases, the odds are both “-”.
This is from the odd makers believing the game is too close to call and there is no clear favorite.
Spread odds are subject to change daily.
There are several factors that can change the point spread or money spread from one day to the next:
These odds also change very frequently if you bet live during the game.
You can usually bet up until either one team has a massive lead with no time for the losing team to come back and win or the game is ending in a matter of minutes.
Betting live is more suited for bettors who love a challenge and want to be kept on their toes.
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