Online Spread Betting
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Online Spread Betting
States Where Sports Betting Is Legal
What Is A Spread In Sports Betting?
What Does The + And – Mean In Sports Betting?
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Pros Generally have better betting line value than the moneyline It can add more value to parlay wagers Can have higher maximum bet limits Adds excitement to games with a clear better team against a worse team Cons Assessing a wager could take more time The winning team in real life doesn’t necessarily win the wager
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As of the second half of 2022, more than 30 states have retail and/or online sports betting laws enacted or pending legislation for the industry.
Since the US Supreme Court overturned the Professional and Amateur Sports Protection Act (PASPA) in May 2018, sports betting has caught on like wildfire. Each year, more and more bettors are finding interest in the activity.
Even if you’ve never wagered on a game, you’ve likely heard the term “point spread” or “the spread.” But what exactly is it? How can you use it when betting on your favorite sports team to add extra money to your wallet?
Here, we’ll not only explain what sports betting is, but we’ll look at the purpose of the spread, compare moneyline betting and spread betting, how it varies by sport and more.
To better understand spread betting, there are four main terms to know and understand: underdog, favorite, push, hook and juice.
When you first arrive at your favorite online sportsbook and look at the available bets for the upcoming games, you may notice two notations in the spread column—a “-” and “+.”
These are important as these not only indicate what the spread is but also illustrate which team is favored and which is the underdog.
For example, you look in the spread column of the upcoming Baltimore Ravens and Miami Dolphins game. The Dolphins are +2.5 on the spread, and the betting line is -110.
With that +2.5, you could view the game starting with a score of the Dolphins up 2.5 to 0. Of course, the game’s score will be 0 to 0, but in the eyes of the spread, the Dolphins either need to win outright or lose by no more than two points.
You’ll lose that spread bet if the Dolphins lose 23 to 20. However, if they lose 23 to 21, you would win, as the added 2.5 points would result in a score of 23.5 to 23 through the prism of the wager.
On the other side, the “-” before the number indicates the favorite. Sticking with the above Dolphins/Ravens example, the Ravens would be -2.5.
Side note: For most sports, the spread will be the same on both sides, with the only difference being “-” or “+.”
Unlike the Dolphins, who need to lose by no more than two points, the Ravens now need to win by at least three points, given the added 0.5 on the spread.
Now, if the spread were Ravens -3, they would need to win by at least four. If the final score were 23 to 20, that would result in a push.
While we go into each wager hoping to win, taking a draw is better than losing.
A push can only occur when the spread is a whole number and doesn’t have the added 0.5.
As mentioned, if the spread is -3 and the team wins by three, this would result in a push as the underdog also has a spread of 3 on the other side, but with a “+.”
You don’t win or lose when this occurs—you receive your original wager back.
We’ve made mention of “the added 0.5,” but in sports betting, that added 0.5 is important. So important, in fact, that it has its own term—the hook.
There’ll never be a push with the hook, as teams cannot score half of a point. However, depending on which side you bet, the 0.5 acts like a whole point.
Again, if the spread is +2.5, you need to win outright or lose by no more than two; if the spread is -2.5, you not only need to win outright, but you need to do so by three or more.
Juice, also known as “vig,” is a price you pay for making a wager through an online sportsbook. The standard betting line, commonly seen in spread betting, is -110. With this betting line, you’ll earn $10 for every $11 wagered.
Think of it this way: If you see a “-” line of anything above -100, each point is the “juice” or the “vig.”
Spread betting is exclusively for sports betting. Thus, this isn’t a bet type you’d find at an online or retail casino.
The closest thing to a spread at an online casino would be the house edge, which is constant with each online casino game. In contrast, the spread is an optional wager in sports betting.
No matter what sport you’re a fan of, there’ll always be good and not-so-good teams.
There’s always going to be a disparity in professional sports.
But that’s where the point spread comes in.
The purpose of a spread is to make the teams as even as possible. The point spread is typically generated by online sportsbooks using algorithms and other mathematical formulas which determine how superior or inferior a team is.
So, when you bet on the point spread, you can look at the favorite and think, “According to this bookmaker, this favored team is considered ‘x’ number of points better than this other team.”
While the spread accounts for the strengths and weaknesses of each team, the moneyline removes all of that.
The moneyline wager is picking which team will win outright, with no strings attached.
While picking a moneyline team may be easier, the conversation around bet value is necessary.
We can all conclude that the Rams are incredibly likely to beat the Jaguars. However, the moneyline in a bet like that could have a -1000 line for the Rams. This would mean that you’d need to wager a hefty sum of $1,000 to profit $100.
The spread counteracts that value disparity but introduces an additional variable.
Say the Rams are -14.5 point favorites. You may conclude that the Rams will win, but will they win by 15 or more?
Generally, a point spread betting line will almost always be roughly -110.
So, you can bet on the Rams to win outright at -1000 ($1,000 to win $100), or you can assess the situation, and whichever side you think will cover the spread will get you $100 on a $110 wager.
Now, there are times when betting on the moneyline makes more sense. That said, there are different strategies for different sports, such as the NFL, MLB, NHL and NBA.
The key spread number in the NFL is -3 or anything less than that. When you see a -3 line, this is typically for when two teams are relatively equal in stature, but this could account for home-field advantage.
When you see a spread less than three, it may be better value, depending on which side you want to wager, to bet the moneyline.
According to Sports Insights , the chances of winning an NFL game by less than three points is minimal.
The point spread in the MLB is known as the “runline.” Unlike the NFL, the runline will always be 1.5 on each side. The betting line will almost always be different than -110, as 1.5 runs in a baseball game can be substantial.
Also, with the runline of 1.5 being so static, the “favorite” may not be the best candidate for that -1.5 runline.
The NHL also has an alternate term for the points spread—the puckline. Like MLB betting, the standard puckline is also 1.5. This makes sense, as MLB and NHL scores are far more synonymous than the NFL or the NBA.
As the NHL and MLB are more similar to one another final score-wise, the NBA and NFL are more on par.
However, the similarity isn’t the final score but rather the margin of victory. NBA games can have high point totals, but you’ll find that the spreads are more “in the ballpark” with the NFL.
It’s more common to find “larger” spread numbers in the NBA, but the betting line of -110 is something you should often expect to see.
You can absolutely win money when betting the spread. However, there are a couple of easy strategies you can deploy immediately to assist in winning cash.
If you’re in a state where multiple sportsbooks are available, we recommend looking to see if any offer better value for you, depending on the wager you intend to make.
Whether getting a better betting line or adding 0.5 or a whole point to a spread, this can be a way to find the most attractive bet for you.
Alternate line wagers may not be available at all sportsbooks, but it is something to consider. With this type of bet, you can bet on a different spread with the betting line value reflecting that change. You may sacrifice some betting line value for that added point or two.
All online sportsbooks will have some form of a bonus or promotion offer.
Whether it’s no-deposit bonuses, deposit bonuses, free bets, “risk-free” bets or something similar, you can leverage these to explore wagers that you might not have otherwise considered. Some promos are tied to specific bets.
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Graduating from the University of New Hampshire with a BA in Journalism, Richard Janvrin has been covering iGaming and sports betting since December 2018. Richard has covered betting at Bleacher Report, Gambling.com and The Game Day.
Brian Pempus has covered the U.S. gambling indusry since 2009, starting with Card Player Magazine in Las Vegas. He was later deputy editor of sports betting at Better Collective and managing editor at The Game Day, before joining Forbes Advisor in 2022.
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Do you know how to bet the spread? The points spread or line is one of the most popular bets, especially on football and basketball games. In this article, you'll find the basics of spread betting, including an explanation of American odds.
As sports betting takes off nationwide, many beginners are interested in the various types of bets available, like spread betting. Along with moneylines, propositions, and over/unders, spread betting is one of the staples of wagering on your favorite games. While hockey and baseball wagering have spread betting, it features more prominently in football and basketball.
When the spread was invented and applied to football it helped the game rise to its prominence. Now, spread bets on football games are so ubiquitous, you often hear the broadcasters reference the line.
A points spread bet is a wager that a bettor places on one team of a two-team matchup. Instead of simply picking the winning team (a moneyline bet), the bettor chooses whether or not their team covers the spread. The spread itself is an artificial creation that attempts to adjust for each team’s relative strength.
via GIPHY (He may have known what a point spread bet is. But it is unclear if he really knew how to win them).
The spread or line for a particular game indicates which team is the favorite and by how much . For example, consider a hypothetical Sunday Night Football matchup between the Los Angeles Rams and Buffalo Bills. To bettors and fans, the Rams are considered the better team. But how is this indicated by a point spread?
Professionals in Las Vegas and elsewhere will “set a line” between the two teams. In this instance, the Rams may be favored by 3.5 points. Though football teams cannot score half points, the .5 is often used in spread betting to avoid a push where neither side of the bet is victorious.
As 3.5-point favorites over the Bills, the Rams need to win by four or more points to cover the spread. The Rams could win the game 24-22 but not cover the spread. Any game result where the Bills either win or lose by three or fewer points means Buffalo covered the spread.
On a spread bet for this game, if you picked the Rams to cover, you need them to win by at least four points to win your wager. Likewise, if you selected the Bills to cover the spread, all you need is for them to win the game or lose by fewer than four points.
Sticking to the same hypothetical Rams-Bills matchup, the spread number is only part of a wager on the line for the game. The other component indicates who is the favorite in the matchup. This is where a + and – signs in front of a set of three digits comes into play.
Strictly speaking about a points spread bet, the + and – will tell a bettor who is getting points versus who is giving points . Though the + sign indicates a positive, for spread betting the team with the + sign attached to their number is the underdog .
Conversely, the team with the minus sign is favored to win the game. So, in the hypothetical above, the Rams would be listed at -3.5, with the Bills at +3.5.
A simple way to think about the plus and minus signs is to add or subtract the line from the team’s score during the game. As above, if the Rams win the game 24-22, they do not cover the 3.5-point spread. You can deduce this by either adding the 3.5 to Buffalo’s score or subtracting 3.5 from the Rams. Hence, the plus and minus. Once the simple math is done, you’ll see which team covered the spread.
The plus sign indicates the favored team is giving points to its opponents. Essentially, for spread bettors, the game started with a score of 3.5 Bills – 0 Rams. That’s because the Bills are getting points against the spread. At any point during the game, you can know which team is covering by either
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