Meaning Of Points Spread In Basketball Betting
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Point Spread betting is basically betting by how much a certain team will win or lose. The whole concept of point spreads is based on the principle of underdogs and favorites. The favorites (a team that is expected to win) “lays” points to the underdog (a team that is expected to lose) to make up the difference in equality. Do not confuse it with over/under betting, where you are betting whether the total score of the teams will be over or under a predicted amount (see our Basketball Over/Under Betting article). The whole point is to provide an incentive for the bettors to wager on the underdogs and balance the sides on betting a little.
* Please see illustration below to help understand point spread bets, text explanation follows.
(-110) Line
Unless specified otherwise, it is always assumed that the money line for spreads is (-110). That is, if you bet $110 on either of the teams, you will get $100 back. Once in awhile you will see different money lines for different spreads. This will most likely happen in some kind of alternative bets, like proposition wagers.
Point Spread Examples:
– Boston Celtics are playing against Miami Heat in the NBA playoffs.
If you are betting on Boston, then they have to win by 5 points for you to win. For example, if the final score is 96-90 for Boston, then Celtics won by 6 points, which is larger than 5; thus, if you bet $110 on Boston, you will win $100 profit, assuming that it is a standard (-110) line.
If you are betting on the Miami Heat, then they can lose by no more than 5 points – or win. For example, if the final score is 103-100 for Boston, then Miami Heat only lost by 3 points. 3 is less than the 5 point spread, so you will win $100 profit if you bet $110.
In the above example, if the final score is 105-100 for the Celtics, then the spread is exactly 5 points. Thus, Boston did not win by more than 5 points, but instead, they “tied” it. In such cases, sportsbooks have to return the wagers to the bettors.
To prevent this, a lot of the times sportsbooks will utilize a 0.5 element. That is, they will show the same odds as:
In this case, Boston has to win by more than 5 points and Miami could lose by 5 or less points, for it to happen. If the spread is 105-100 for Boston, those who bet on Miami will win the spread.
Point spreads are the most widely available type of bet in basketball. A lot of the time, the best spreads will be the biggest ones. It sounds counter-intuitive at first but it is rather easy to grasp once you get a hang of it. Will the Bulls lose to the Lakers by less than 1 point or by less than 20 points? If you are betting that the Bulls are going to lose by less than 20 points, then they can still lose by that 1 point and your bet will be a winner. Hence, look at different sportsbooks and find the biggest spreads. The money line for it will most likely be at (-110) anyways, so you will be getting the same money for a higher probability of winning.
Another important basketball point spread betting tip is to always stay objective. Many basketball fans tend to let their emotions get in the way of their wagers. For example, Notre Dame is playing UCLA in the NCAA playoffs. Maybe you went to Notre Dame and you are a huge fan of their basketball team. Clearly you are biased towards that team. Even if you know that Notre Dame might lose, you are inclined to bet on them regardless of any spreads, simply because you like them. That is a subjective bet that will lead you to losing money. The best thing to do when you know that you have a bias towards a certain team is to stay away from that bet entirely; think strategically and not emotionally when dealing with money.
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A Spread Bet is basically an assumption of how an NBA match-up will pan out, with points handicaps given to each team.
NBA Point spread betting is recognizable by the use of the + or – symbols.
Spread betting is a type of betting in which a bookmaker will handicaps a match-up by setting a margin for each team, which essentially makes the game equal. This estimated margin outcome is referred to as the ‘spread ‘, which is where the term spread betting comes from. A spread bet is only available for events where there are two possible outcomes, such as a game of NBA basketball, where there are no draws.
A typical spread will look something like this: Chicago -8.0 @ Philadelphia +8.0
For example; if the bookmaker believes Chicago is an 8-point better team than Philadelphia, the bookmaker can handicap Chicago 8 points. The spread bet becomes Chicago to win by more than 8 pts or Philadelphia to be within 8 points at the end of the game.
Both outcomes should be of equal odds roughly -105 to -110 or $1.91.
The above example would be listed by the bookmaker as: Chicago -8.0 @-110 | Philadelphia +8.0 @-110
When you play the point spread, you are not betting whether an NBA team is going to win or lose a game, you are betting how many points they will win or lose by.
If you think Philadelphia are a decent chance to beat Chicago in the above example, taking a spread of +8.0 would be a great bet. Alternatively if you think Chicago will dominate the game, a -8.0 spread is a good bet to take.
With a spread of +8.0, Philadelphia must win the game outright or lose by 8 points or less to cover the spread and be graded as a win. Alternatively, Chicago must win by at least 8 points to cover and be graded as a win.
For picking the Spread in NBA basketball, the main aspects to focus on are –
I guess the best advice here is to WATCH THE NBA NEWS! Get ahead of the bookies and find where the traps are st, and set your own traps.
The bookmaker will list the spread as either a solid number, or to a decimal point.
For example; the bookie may list the spread as -8.0 or -8.5.
The odds for the solid number will usually be less, as there are now 2 outcomes that can favour the bettor, not 1.
If the spread is set as -8.0 and the winning margin is 8, the bettor has “Pushed” the bet, and (depending on bookie) will get their outlay refunded.
If the spread is set as -8.5, the only outcome for the bettor is a Win or Loss.
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