Point Spread Betting Indiana

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Live point spreads at Indiana online sportsbooks
Point spread betting is an extremely popular way to bet on sports because it evens out the odds for both sides. Point spreads force favorites to lay a certain number of points and underdogs to take them when deciding a betting winner.
This is an effective way sportsbooks even out two teams’ chances of winning and try to draw an equal amount of betting to both sides. Indiana online sportsbooks post point spreads for just about every major pro and college sport.
Point spread bets are booked at currently posted moneyline odds that are usually close to even for both teams. That effectively lowers the risk of betting favorites and increases an underdog’s chances of winning compared to standard moneyline betting.
On this page you’ll find a complete guide to point spread betting including:
Point spreads are most popular for football betting and basketball betting, but are available for most sports. Check the feed below for current point spreads posted at top Indiana online sportsbooks for upcoming games. Click on any odds to jump to the online sportsbook, claim your bonus or free bets, and register a new account.
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A point spread bet is a bet in which you either “lay” or “take” the points from a line set by oddsmakers to determine a betting winner. That means you have to deduct the spread number from the favorite’s final score, or add it to the underdog’s, to determine which side wins the bet.
Example: The Chicago Bears are a -7 point spread favorite over the Pittsburgh Steelers. That means you would need to deduct seven points from the Bears’ final score to determine which side wins a spread bet.
If the Bears win 27-19, they win by eight points and “cover the spread.” In other words, an NFL spread bet on the Bears at -7 wins. If the Steelers win outright, or the Bears win by six points or less, the Steelers cover and spread bets on the Steelers +7 win.
Finally, if the Bears win by exactly seven, it’s a push and all bets are returned.
Point spreads are expressed by either positive or negative numbers. There’s a plus sign in front of the spread for underdogs that tells you to add the points to the team’s final score to determine the betting winner.
If the spread is posted as +3.5 you should add 3.5 points to the team’s final score to determine the betting winner. So the underdog can win outright or lose by three points or less to win against the spread, otherwise known as covering.
Conversely, there’s a minus sign in front of the spread for favorites that tells you to deduct the points to the team’s final score to determine a betting winner.
If the spread is posted as -4 you should deduct four points from the team’s final score to determine the betting winner. In other words, the favorite must win by five points or more to win against the spread, or cover.
Winning by exactly four would result in a push and all bets are returned.
You book point spread bets at the currently posted moneyline odds for each side, which means you get paid at those odds if your side wins. Point spread odds are usually set at -110 for each side, but the price can change based on how much is bet on a certain team.
At -110, sportsbooks earn a standard house edge, or vig, on all spread bets. This assumes there’s an equal amount of betting on each side. They will change either the odds or the spread itself to try to get back to even if there’s more betting on one side.
As a bettor, -110 odds means you have to bet $110 to win $100 plus your bet back. As long as there’s an equal amount of betting on both sides, -110 odds means a sportsbook will take in $110 for every $100 they pay out, leaving the rest as its profit.
We can’t tell you how much you should bet on point spreads. That’s really a personal decision.
However, we can tell you it’s a good idea to base such decisions on your personal finances; only bet with disposable income, and never bet more cash than you can realistically afford to lose.
It’s a good idea to set aside a betting bankroll for yourself and make sure it’s an amount of money you won’t miss.
Then, try limiting yourself to betting just 1% of that bankroll on any individual bet. Or, set a unit amount of 1% of that bankroll and wager from one to five units on any point spread bet based on your confidence in each bet.
That means a one unit bet when you’re pretty sure the Green Bay Packers can cover at -7 over the Dallas Cowboys and a five unit bet when you’re almost 100% sure the Kansas City Chiefs will cover at -3.5 over the Denver Broncos.
Just remember that oddsmakers get it right a lot of the time when setting spreads. Betting against the spread is something that should only be done when your own exhaustive research tells you they might be getting it wrong.
And even then, you should be careful about placing all your eggs in one basket and risking any more than just a small percentage of your total bankroll.
In relatively low-scoring sports, there’s usually a standard point spread set for just about every game. Instead of the spread changing, the odds are adjusted based on each team’s chances of covering.
In NHL betting, this is the puck line. In MLB betting, it’s the run line. These standard betting lines are most often set at 1.5 goals or runs and booked at varying moneyline odds.
Once again, the big difference between this and standard point spread betting is that the puck and run lines rarely change — only the odds do. Of course, you can also bet alternative puck and run lines at increased or decreased moneyline odds as well.
In-game or “live” betting could very well be the most exciting way to bet on sports. It’s most certainly the fastest. It involves betting on games in the middle of the action at odds that are constantly changing.
Indiana online sportsbooks post full game, quarter, and half in-game point spreads for most games and adjust those lines based on live scoring and the time remaining.
It’s up to you to get a bet down before the action and the line changes again, making mobile sportsbook apps the best way to go for live betting.
If there’s one clear reason to bet point spreads over other bets it’s that the spread evens out the odds.
Betting against the spread means you don’t have to risk a huge amount for very little reward betting favorites. Plus, the spread gives underdogs a realistic chance at becoming a betting winner, even when their odds of actually winning a game are slim.
Just remember, oddsmakers set spreads for a living and they’re really good at it. Do your research before placing a point spread bet.
Sportsbooks will move their point spreads to attract more money to the side less customers are betting on. Read on to find out why and how this works.
Betting ‘against the spread’ is simply another term for placing a point spread bet.
It doesn’t matter what side you bet on, you’re betting ‘against the spread’. In other words, you’re betting that either the favorite or underdog will ‘cover the spread’.
Favorites cover the spread when they win by more than the spread set by oddsmakers. Underdogs cover when they win outright or lose by less than the spread.
‘Public betting’ is a reference to what side of a point spread bet the majority of the money is being bet on.
Sportsbooks might change the spread for a game based on injuries to key players, roster moves, or even reports of inclement weather that might impact scoring.
They may also change the spread for a game when more money is bet on one side or the other.
Sportsbooks set spreads to try to draw an equal amount of betting to each side, realize the vig, and ensure they don’t have to sweat the actual outcome of the bet. If more is bet on one side, they’ll move the line in an effort to even things out again.
This kind of line movement only happens at the sportsbooks that see more money bet on one side or the other.
That’s why a local Indiana sportsbook may start out with the same point spread for an Indianapolis Colts game found at a Vegas sportsbook, but end up with a different one by kickoff
Oddsmakers use a number of different factors to set point spreads for betting on the NBA, betting on the NFL, etc. They begin with a deep look at the two teams’ recent and historic results, scoring, and defensive averages.
They then consider injury reports, historical matchup data, and the impact weather and scheduling may have on scoring on the game. Finally, they take a close look at where other sportsbooks are setting the line and adjust accordingly.
Here are three mistakes you should try to avoid when betting against the spread:
Point spread betting was invented by Charles K. McNeil, a Connecticut math teacher-turned-Chicago sportsbook operator. He started offering point spread bets in the 1940s as a way to attract betting to both sides of a contest and earn a consistent vig.
Point spreads are consistently larger in college basketball betting and college football betting because of the disparity between perennial favorites and underdogs. In other words, there’s more parity in most pro spots and a big difference between the haves and have-nots in the college ranks.
Oddsmakers are stunningly accurate in setting most point spreads. That’s why you need to be selective in the number of point spread bets you make. Ensure you’re only betting against the spread based on what your research tells you about a game and how accurate oddsmakers have been in setting a line.
Like any other game, oddsmakers set the point spread for the Super Bowl by taking a number of different factors into consideration.
This includes the teams’ recent and historic results, scoring averages, injury reports, historical matchup data, and the impact weather may have on scoring. They also take a close look at where other sportsbooks are at.
Because NFL oddsmakers have just these two teams and one game to focus on, they have proven to be even more accurate than normal.

Some sports bets are really simple and easy for new users to wrap their heads around. An example of that would be a moneyline wager in which you are simply picking the winner from two choices, generally a favorite and an underdog.
Other types of sports bets throw additional wrinkles into the equation to consider. Included on that list is point spreads, which can take a little bit of getting used to for those new to the game.
For point spread betting, you not only need to try to figure out which side is going to win, but also by how much. To add to the confusion, you can also place a wager on the losing side and still win your bet, provided the game stays closer than expected, that is.
While point spreads can absolutely seem like a foreign concept at first glance, a little practice is all it takes before it clicks and everything makes sense. We’re here to lead you on the path to making that happen. Read on.
A point spread refers to a number of points that’s placed on a game by oddsmakers. The intent is to level the field between two teams of differing levels of strength while accounting for the home advantage.
It can be helpful to think of it as an estimated margin of victory. If you hear someone say that the Indianapolis Colts are three-point favorites over the Cleveland Browns, that’s a spread.
For betting purposes, you’ll have to factor in the point spread regardless of which side you want to bet on. When you come across the game in the betting lobby, you’ll see a listing that looks something like this.
Oddsmakers attach odds to both sides of the equation, and bettors then decide which side they like while factoring in the point spread. If you like the Colts, that means they’ll have to win the game by a margin greater than three points.
A final score of 27-21 would work in that regard, but a tally of 21-19 wouldn’t get it done. If the margin works out to be exactly three points — such as 24-21 — then the bet is considered a push and refunded.
For Browns bettors, the final margin of victory must be kept to less than three points, or Cleveland has to win the game outright for the bet to be graded a winner. If the Browns lose 35-34, then all good.
A Cleveland defeat by a score of 35-31 would mean the bet is a loser, while a final of 31-28 in favor of Indianapolis would make it a push.
The side that wins on a spread bet is said to have “covered,” while the losing side failed to cover the spread. Point spread bets are one of the most popular items on the wagering menu.
They definitely take some getting used to, but you’ll understand why they attract so much volume after becoming more familiar with them.
Point spreads are most popular for betting on basketball and football. MLB and NHL use what are known as a run line and goal line respectively, both of which are generally locked at 1.5.
When it’s a spread, the number can vary, ranging from the low single digits all the way up to big double digit lines. Let’s walk through some additional examples, starting with hoops.
Let’s say it’s an upcoming college basketball regular season game between two relatively close foes with a slight edge given to the home team. That would translate into a spread that looks something like this.
A Maryland bettor is expecting the Terrapins to keep it closer than 1.5 points or to win the game outright. Those on the Hoosiers side are looking for the home side to win by two points or more.
A final score of 70-69 would be good for Maryland bettors but bad on the Indiana side. If the Hoosiers win by a score of 71-67, they have covered the spread, while the Terrapins have failed to do so.
Next, let’s consider an NBA game that involves a big home favorite. The spread and odds look like this when you find the game in the betting lobby.
The Pacers are expected to handle business in a game that’s not looking like it will be particularly compelling. However, there’s intrigue to be found for spread bettors.
You can make the call that Atlanta will lose by less than 7.5 — or pull out the big upset — or go with the home favorite minus the points. Just like that, you now have rooting interest in a game that doesn’t look too appealing at first glance.
Indiana needs to win pretty big at home — such as by a score of 100-92 — to cover the 7.5-point spread. If Atlanta keeps it closer than that — like 95-91 — then the underdog visitors cover.
Moving onto football, you’ll also find spreads on both the college and pro side. We’ll begin with the former and consider a fictitious matchup with a huge home favorite.
The powerhouse Buckeyes are expected to have their way with the RedHawks at home. A moneyline bet on Ohio State wouldn’t pay out all that much if they won as a result, but you can find a good return with a winning spread bet.
For reference, a winning $100 spread bet at odds of -110 returns a total of $190.90 — the initial bet amount plus a profit of $90.90. Odds of -110 are standard at most sportsbooks for spreads, but the odds can and will move. We’ll cover the reasons why in a bit.
In this example, if Miami-Ohio keeps it respectable, such as 38-21, then that side covers. As long as the RedHawks keep the margin under 21.5 points, bettors on that side are golden.
Ohio State bettors are looking for a more convincing win. Something along the lines of 49-20 would get it done, but any result closer than 21.5 points would not.
For our final example, we’ll move on to an NFL game that is expected to be relatively tight. Here’s the spread and odds you have to consider when betting the NFL.
If you place a bet on the Patriots, then you’re expecting them to win the game by four or more points. Bills bettors anticipate that Buffalo will keep it closer than that or maybe even win the game outright.
A 27-24 victory for New England is good for Buffalo bettors but a loser on the Patriots side. If we reverse the score, a 27-24 win for the Bills is also great for bettors on that side, but the upset loss for the Patriots also means that they have failed to cover.
After odds and lines are released, it’s not uncommon to see movement on both fronts. The odds can move by a few ticks here and there, and the same is true for spreads.
For odds, the standard at most sportsbooks for spread bets is -110. Naturally, you won’t always see those exact same odds the entire time a game is listed. For example, let’s say it’s an NBA game that has seen a decent amount of sports betting action.
The spread was initially at 2.5 points, and that remains the same for now, but the odds have shifted a bit.
When we see the odds move, we can interpret that as the sportsbook operator attempting to make one side more appealing in a bid to level out the action. Once the public weighs in and starts placing bets, more action may come in on one side.
In an attempt to even things out a bit more to their liking, oddsmakers may shift the odds in response to the public betting action, and spreads can also move in response to wagering volume.
For an example, consider an NFL game with a slight home favorite of 3.5 points. After a good amount of action comes in on the underdog side, oddsmakers could move the spread to 3 or 2.5 points.
If the movement in spread doesn’t have the desired effect — or if it swings the pendulum too far in the other direction — then the spread may shift again. For the week preceding an NFL or college football game, it’s not uncommon to see a few movements.
Odds and lines can also move if new information comes in after the initial numbers are posted. A player trade, coaching change, or key injury are among the items that could potentially move the needle.
Paying attention to the movement of spreads and lines is an important part of the handicapping process. While the little ticks of difference may seem minor, they can not only add up, but they can also point you toward market direction and news that you may have missed.
For weekly NFL and college football slates, odds will begin being released as the preceding week is winding down, and you can expect to see numbers on all games by the morning after the final game is in the books.
As for NBA and college basketball, odds and lines may appear the day or night before a game if both clubs have the previous day off. They’ll definitely be out by the morning of the game, barring any news that may impact the line being released.
To handicap point spreads, you need to begin by breaking down the contest itself. You can use the following steps to get off on the right track.
Walking through those five steps will give you a great starting point. You can then go even further and take a look at things such as advanced statistics.
After you have a good idea of which side is in line to win the game outright, it’s time to factor the spread into the equation.
Let’s say it’s a game in which the Colts are welcoming the Tennessee Titans to town with the home side insta
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