How To Read Point Spread Betting
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How To Read Point Spread Betting
Online sports betting is a juggernaut that can’t be stopped. It’s an industry that generates billions annually, so most countries rush to legalize it.
Have you ever visited an online bookie and seen three-way betting wondering what the heck it is? It’s one of the simplest bets you can put your money on. The 3-way meaning in betting involves 3 possible outcomes, with the odds typically higher than 2-way betting.
Experienced punters surely know what point spread betting is. The wager type revolves around an imaginary line the sportsbook sets to even the playing field between 2 uneven teams. Players gamble on either side of the line, but betting against the spread is also possible.
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In the world of sports betting, the 1×2 bet is king. It’s the simplest, most straightforward bet anyone can place. However, that doesn’t make it the most appealing or valuable. There are many other markets online that are more entertaining. In this spread betting guide, you’ll learn more about the definition of this unique type of bet.
If you want to learn how to bet the spread, you’re at the right place. This BetZillion guide will tell you everything you need to know and a few strategy tips and tricks that’ll help you win.
Also known as an equalizer at some online bookmakers, a spread bet levels the playing field in a game. As you surely already know, all sports teams are not created equal. For example, when the Lakers play the Orlando Magic, they are a heavy favorite.
A match-winner bet doesn’t make a lot of sense on the Lakers since the odds are low. By handicapping the teams in this example with a point spread, bookies can give bettors much better odds.
The better team must win by the point spread the bookie offers. The underdog can afford to lose as long as the spread is covered. Bettors can win a great point spread payout, so it’s a win-win situation for everyone involved.
To read a point spread, you will first need to know how American odds work. For those unaware, the – sign indicates the favorite, while the + is for the underdog. That’s all you need to know before you bet the point spread since it relies on American odds.
Reading point spread odds is not hard at all when you know how American odds read. Using the example above, the Lakers will be favorites against the Magic with a point spread of +15 at -100. To cover the spread, the Lakers need to win by over 15 points.
The Magic’s spread of +5 means they need to win or even lose by up to 5 points for your bet to win. Their odds will surely be in the +200 (or higher) range, allowing bettors to capitalize on an eventual shocking Lakers loss and win big money in return.
While it all looks pretty confusing, the point spread betting system is very simple once you learn it. If you’re new to it, online betting websites might have a guide on how to place your first point spread bet. It’s easier than you think, and you’ll love the fact that you can win your slip even if a team loses. That’s the beauty of points spreads and handicaps.
The odds for point spreads are usually represented in American format. We already said that moneyline odds are expressed with the minus sign for favorites and a plus for the underdogs. As soon as you learn to read these, you’ll know how to read point spreads and bet on them.
While confusing, the American odds are simple to understand. The minus sign (for example, -300) shows how much cash you need to spend (in this case $300) to win a profit of $100 for a total payout of $400.
Opposite to that, underdog odds of +300 show you how much profit you can expect on a $100 bet. In this case, you’ll win $300 for a total payout of $400.
That’s the simplest example of the American odds format, which is most commonly used on point spreads.
When you learn how to bet point spread, you need to know a few terms that will make things easier. One of the first terms you’ll come across is Pick’em, or PK. The Pick describes teams with a 0 point spread in which no team is favored.
It is essentially a moneyline bet, with your wager determined by the winner.
Commonly known as the spared at NBA sportsbooks , the point spread is one of the biggest markets in NBA basketball. The positive value, for example, +10, shows the lead given to the underdog before the match begins. In this case, the favored team must win by at least 10 points to cover the spread.
The other point spread betting example is the exact opposite – -10. In this game, the underdog should win the game for your bet to win or lose by no more than 10 points.
NFL spread is most likely the top way to bet on American football . If you’re new to NFL betting, it may be a bit complex, but it’s pretty simple once you get the hang of it.
The numbers and odds represent the same thing as in the NBA spreads, except this time the numbers are usually smaller since its goals count, not points.
In many ways, point spreads in the NHL are no different than NFL spreads. This market still uses American odds, so you should have no trouble betting on your favorite teams or opponents’ spreads.
If you come across a puck line or run line in point spread betting, don’t be confused. It’s what point betting is called in the NHL and MLB. Puck Lines are point spread in ice hockey, while run lines are spread in baseball.
In both cases, the spreads will be indicated by positive and negative points. We already mentioned how those can be read, so you shouldn’t have a lot of trouble betting on the puck line or run line.
Everyone knows that odds are determined by the number of bets placed and a few other factors. With the point spread, it’s different. If you want to learn how to bet point spread, you need to know how the spreads are determined.
With the spread, online sports betting sites are trying to even the balance. That’s not possible at all times. In the real world, sports action is never balanced. To determine ideal points spreads, bookies look at a range of factors, including:
The last step is to adjust the points spread depending on the early action before the match. If accurate, punters will spend a lot of money on it. If not, there will be less action, and the bookie will adjust the spreads.
Yes, you can. Many sportsbooks today release spreads on quarters or halves simply because there’s a lot of action on these odds. These markets are live betting markets, with the spreads set for different checkpoints so punters can determine which team leads after a quarter or a half.
It’s a fascinating way to bet for regulars. However, it’s not spread betting for beginners who are still learning the ropes.
To learn what a point spread is, we’ll show you a few examples below.
Let’s say that the Bucks, an NBA title contender, plays the Magic, which are an underdog. With Giannis Antetokounmpo in the team, the Bucks are the obvious favorite, probably with a moneyline of -800 or close. Those odds are not exactly perfect for bettors, so that the bookie might give them a -110 moneyline at -13.
Conversely, the Magic will be -110 with a moneyline of +13. If the Bucks win by 13 points, you win your bet. The Magic can afford to lose by up to 13 points in this case or win the match for your wager to win.
Sometimes, you’ll see spreads with .5. Let’s take a match between the Cowboys and the Giants, for example. The Dallas Cowboys may be a -3.5 favorite at -110, which means they need to win by 3 points or more for your bet to win.
The Giants are an underdog at the same odds with a spread of +3.5, so to cover the spread, they must not trail by over 2 points at the end.
Spreads can be scary at first, but once you learn the spread betting meaning, everything becomes much easier. It’s a fun way to bet on your favorite sports, especially in matches where favorites play huge underdogs. Since pre-match bets won’t bring you a lot of profit in this case, spreads can offset that and deliver profit without focusing on the winner of the match.
We hope that our spread betting guide helped you learn everything you need to know. When you’re ready, try spreads at the best betting sites and enjoy this exciting market.
Point spreads are a special way of betting in matches where there’s a massive difference in quality. The bookie levels the field by handicapping the stronger opponent, giving players a chance to earn money without focusing on the match-winner.
A 2.5 point spread means that for you to win, the team you bet on must win the match with 2.5 points. If it wins by 2 points, you lose.
Like the 2.5 point spread, a 6.5 spread means that the team you bet on has to win by over 6 points.
Point spreads are calculated differently than in any other market. The bookie considers numerous factors so they can determine a fair spread that punters won’t avoid.
To make money with spread betting, you will need to use spread betting strategies and read more than a few tips and tricks. The best bookies will have them on their blogs, so make sure to put that knowledge to good use.
Good news for all punters – spread betting is non-taxable as the law sees it as a speculative bet instead of an investment.
Jimmy is our on-duty tipster and writer. His favorite sports are cricket, tennis, and basketball. If you’re looking for the best betting tips in the business, Jimmy’s your guy. His tips and events previews are among the most read at BetZillion.
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One of the most popular sports wagers is betting the point spread.
While it can be a little confusing, we're going to try and explain everything you need to know to understand point spreads and how to be successful betting on them.
In simple terms, a point spread is a bet on how much the favorite team will win by.
If the team has a minus sign, that means they're the favorite and they'll have to win by the specified number or more for you to win your bet.
If the team has a plus, that means they're the underdog and they'll have to either win the game or lose by less than the specified number for you to win.
Each team will have different odds, so make sure you're paying attention to them.
The easiest way to control the point spread is to pay attention to the days leading up to the game.
Not only will you be able to see any important information pop up, like injuries, but you'll also be able to see who the favorite is and who isn't. In addition, being able to watch the line move will give you an idea of which team you should bet on and when you should bet. If you aren't really sure how things will turn out, it's a good idea to avoid betting altogether until the next game.
The entire process of betting can be simplified by using an online sportsbook.
To begin, either create an account or log in to your existing one. Next, simply choose the sport you want to bet on and go to that page. You'll then see all of the lines and games for the upcoming days. The next thing you'll do is decide whether you want to bet on the favorite or the underdog. Once you know, go ahead and click on that team. From there, decide how much you want to bet and place it.
Keep in mind, that once your bet is placed, you can't back out.
Spread betting works by allowing the sportsbooks to make two teams that are unbalanced to be more balanced. They do this by taking points from the favored team and giving points to the underdog, both of which will be labeled by either a plus or minus. The minus means the team is the favorite and they have to win by more than the number specified. The plus means the team is the underdog and they have to either win or lose by less than the specified number. This means you can place a bet on both teams if you're confident it'll work out in your favor!
Long is when you buy and short is when you sell. There will be two boxes with numbers and these are your buy and sell boxes. The long box will almost always have a lower price and the short box will have a higher one.
The difference between these two numbers is known as the bid/offer spread or the bid/ask spread. In short, the price has to move a good amount of distance in order for you to win. This is true regardless of whether you're on the long or short side.
Leverage means that you'll only need to use a little bit of capital in order to open a larger position. In simple terms, this means you can put down a small deposit to open your position instead of having to pay a large amount. One thing to keep in mind, though, is that both profits and losses are much bigger because everything is determined by using the full trade value instead of the smaller deposit that you originally put down.
There are two different types of margins in spread betting, which are deposit margin and maintenance margin. Deposit margin is the initial deposit you put down to actually open a position while maintenance margin is the amount you'll put in if your position starts accumulat
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