How To Make A Spread Bet Sports

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It’s impossible to separate sports betting in America and the point spread . They will forever be linked.
Point spreads are most commonly associated with higher-scoring sports like basketball and soccer , but can be used in any sport.
They’re the great equalizer, allowing bettors to wager on even the worst teams with some confidence.
So what is a point spread, how do you read it, and how to you make a spread bet? Let’s dive in.
A point spread is a bet on the margin of victory in a game.
The stronger team or player will be favored by a certain number of points, depending on the perceived gap in ability between the two teams.
A minus sign (-) means that team is the favorite.
A plus sign (+) means that team is the underdog.
Here’s how MyBookie displays its point spreads for football, with the point spread boxed in red.
Let’s use Ohio State at Penn State in college football as an example of how point spreads work.
The Ohio State Buckeyes are -6.5, meaning they’re the favorite. Remember that minus sign means they’re favored, and therefore the perceived stronger team.
The Buckeyes need to win by 7 points or more for their bettors to win.
Penn State is +6.5 and needs to either lose by 1-6 points, or win the game, to cover the spread and win the bet. The plus signs indicates they’re the underdog.
If the point spread is a whole number — like Penn State +7 — and Ohio State wins by exactly seven points, it’s a push and all bets are refunded.
You can read more about how to read American odds, but the number next to the spread is the juice associated with that bet. Most spread bets will be -110, so the sportsbook takes a 10% cut.
That means for every $1 you want to win, you have to risk $1.10. So if you want to win $20 on a bet, you’ll have to risk $22.
If you bet $22 on Ohio State -6.5 and the Buckeyes win by 10, you’ll win $20. If they only win by 5, you lose $22.
Point spreads have an even tax on both sides because we expect each team to cover the point spread about 50% of the time.
When betting moneylines — which requires you to pick the winner straight-up — you can get bigger payouts because the likelihood of the worse team winning the game outright is much lower than it just covering the spread.
It’s easy to bet point spreads at a book like MyBookie or BetOnline . Here’s how it works:
We could write another 5,000 words about how point spreads are truly made, but in the simplest terms, it’s a 3-step process.
“Covering the spread” is another way to say that a team won a point spread bet. In the above example, Ohio State winning by 7 points or more as a -6.5 favorite means they covered the spread.
If Penn State lost by 6 points or fewer, or won the game, they covered the spread.
What does it mean when a team is 9-2 ATS this season? ATS stands for “against the spread.” So an ATS record is simply wins and losses against the spread.
Low-scoring sports like hockey and baseball do have point spreads, but they’re almost always -1.5 and +1.5.
In hockey, a spread is referred to as the “puck line.” In baseball , it’s the “run line.”
The odds are just changed depending on the ability of the team — you won’t get -110 on both sides.
So you’ll get paid less for betting the Yankees -1.5 against the lowly Orioles than you would for betting the Yankees -1.5 against the Astros, when the two teams are more evenly matched.
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by Mike Spector March 21, 2020
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When sportsbooks set their lines for a game, it’s usually in a three-column format: moneyline, spread, and over/under. The spread is the most commonly wagered-on option in all of sports betting. When people refer to one team being favored over another by a certain amount of points, they’re talking about the spread.
Here’s a guide to betting against the spread at a sportsbook.
A spread is an oddsmaker’s way of “evening the playing field” so that the favorite and underdog have an equal chance of attracting bettors. In many sporting events, one team is much more likely to defeat its opponent. However, with a spread, the underdog is given an artificial number of points with which it can overcome its point differential and theoretically beat the favorite. Here is an example from Week 1 of the NFL season:
Washington Redskins at Philadelphia Eagles (-8)
You should read this as the Eagles being favored by eight points. So if you placed a bet on Philadelphia, you’d be betting on them to win the game by more than eight points. A bet on the Redskins would mean you’d get to add eight points to their final score. Thus, a Redskins bet would cash if they lost by seven points or less — and if they won the game outright.
This particular game ended with the Eagles winning 32-27. Although the Eagles won the game, Washington bettors won their bets as the result would really read Redskins 35-32 after adding the eight points given to them by the spread.
When a spread involves a whole number, there’s a chance the bet could push. In the Eagles-Redskins example, the bet would have pushed if the Eagles won by eight points. In that particular case, your original bet would get refunded as neither side was a winner.
To avoid pushes, sportsbooks more commonly offer odds with a half-point. So if a team were a 7.5 or 8.5-point favorite, the bet could never push.
From the time a spread gets posted (called the opening line) until the time the game starts, a spread will likely fluctuate. This could be a result of a variety of factors, like the amount of money being wagered on one side or injury news that may affect the game. Be aware of line moves in either direction, and always do your research into why a spread may have moved.
Basketball and football are the most popular sports that have typical point spreads. Since baseball and hockey’s rules differ drastically from the other sports, their spreads are offered differently.
In baseball and hockey, the point spread is almost always set at -1.5. In baseball, a bet on the favorite -1.5 means you think the favorite will win by two runs or more. In hockey, a bet on the favorite means you think they will win by two goals or more.
In other popular sports like soccer and tennis, point spreads are not commonly offered or wagered on. Instead, moneylines are the more typical approach for betting on these sports. For a rundown on the idea of a moneyline bet, you can refer to this article .
Mike Spector is a featured writer at BettingPros. For more from Mike, check out his archive and follow him @MikeSpector01 .
https://thegamblerslounge.com/point-spread-in-sports-betting-how-to-make-a-spread-bet/
https://www.bettingpros.com/articles/how-to-make-a-bet-against-the-spread-at-a-sportsbook/
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