Point Spread
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Point Spread
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A point spread is a bet on the margin of victory in a sporting event. It’s the most popular bet type in basketball and football .
The perceived stronger team (the favorite ) must win by a certain number of points/runs/goals to cash your bet. The worse team (the underdog ) can lose by fewer than that same amount of points, or just win the game.
Let’s use a 2022 NFL Week 1 game as an example.
The Ravens are a -7 favorite against the Jets . That makes New York a +7 underdog.
Baltimore is expected to be much better than New York, hence the big spread.
Sportsbooks apply the spread concept to way more than just the final score. Things like France -2.5 corner kicks vs. Germany, or Chiefs total touchdowns -1.5 vs. the Cowboys are also spreads.
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 DraftKings displays its point spreads for football, with the point spread boxed in red.
It’s easiest to understand point spreads by seeing them.
Let’s take the 2022 Super Bowl example:
Score: Let’s say the Rams win 27-24 — Bengals spread bettors would win their bets. If the Rams win 30-20, Rams spread bettors would cash.
From Week 11 of the 2021 NFL season:
Score: BUF 45, NYJ 17 (Bills cover -13.5, because they won by 28)
Let’s take another example Week 11:
Score: SF 31, LAR 10 (49ers cover +3.5, because they won the game outright)
You can learn more about 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 the Bills -13.5 and Buffalo wins by 14 points, you’ll win $20. If they only win by 10, 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 FanDuel or DraftKings. 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, the Bills or more as a -13.5 favorite means they covered the spread.
If the Jets (+13.5) lost by 13 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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In Point Spread markets, a bettor chooses who they think the winner will be, but not necessarily based on who has the winning score in the game. Instead, the winner is whoever beats or covers the Point Spread. A Point Spread is a handicap given to the underdog team and deducted from the favourite team's total score.
Point Spreads are expressed as a plus (+) for the underdog and a minus (-) for the favourite.
For example: Buffalo has a Point Spread of -6.5 and Detroit has a Point Spread of +6.5.
Buffalo is the favourite with a Point Spread of -6.5. This means they need to win by more than 6.5 to beat the spread and win the bet. Detroit is the underdog with a positive Point Spread of +6.5. This means they need to win the game or lose by 6 points or less to cover the spread and win the bet.
The odds below a Point Spread match-up speak to each team’s likelihood of covering the spread and helps you to calculate your potential payout. Using decimal odds, the team with the higher number is the underdog, the lower number is the favourite, or the odds can be the same show it is an even match-up.
To calculate your payout, you simply multiply your bet by the decimal figure for the bet in question.
Point spreads are called ‘run lines’ in baseball, and ‘puck lines’ in hockey.
Point Spread markets are available in-store and online.
A wide variety of Point Spread options can be found by clicking on events listed on the Bet Builder App and the PROLINE website. For selection slip play, players can fill out the event number they wish to wager on, and select “PS” for Point Spread. You can now combine Point Spread selections from different sports, or combine Point Spread with other markets from different games.
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