Spread Betting 6 Nfl

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Spread Betting 6 Nfl
Week 6 NFL Picks against the Spread
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Not every newly reported NBA deal is as it seems. What’s behind the numbers?
Last week : 9–5–1 Season total: 39–38–1 Best bets: 7–7–1
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W EEK 5 WAS A RETURN TO NORMALCY AROUND THE NFL , and it was a pretty entertaining week of games too, with nine one-score matchups. The Colts shocked the Chiefs, the Seahawks outlasted the Rams, and the Cowboys came up short against the Packers. In the end, only two teams were left unbeaten as we headed to Week 6.
The league is starting to shape up nicely. The Patriots and Chiefs are still far ahead of the pack in the AFC, while the cluster of teams atop the NFC is beginning to make a little sense. We bounced back last week going 9–5–1 on our picks , and we already crushed one of our best bets Thursday night. Let’s run through a quick Power Rankings and make some Week 6 picks…
It’s getting crowded at the bottom. The Bengals have been responsible for two teams’ only win in recent weeks, but it’s a big one this week as Washington heads to Miami in a vital Tank-off for the #1 pick.
Borrowing a Bill Simmons term, we are “crossing out” these teams from playoff competition this season. Along with the six below them, that’s 10 teams completely out after just five weeks. It feels a bit high, but it’s awfully difficult to build a playoff narrative for one of these teams. The Titans and Broncos are the best teams in this tier, and they play this week. Maybe the winner hangs around in the weak AFC wildcard race.
Speaking of hanging around, that’s precisely what these teams are doing, in part because of circumstance. Amazing what being a fringe AFC team can do for you (or a softer than expected NFC South). Only three AFC teams have more wins than the Raiders, but I suspect that “3” in the wins column will still be there when the calendar turns to November. I’m still out on the Browns and Chargers until they prove otherwise, and I still believe in my Florida sleepers even though both lost winnable games last week.
These teams have been schizophrenic. Their weekly Power Rankings look like a heart monitor, like Indianapolis bouncing from 17 to 11 to 20 back to 13 over the past month. The Colts’ win over Kansas City was the most impressive W of the season so far, and the Lions nearly pulled it off a week ago . The Panthers and Ravens are moving in opposite directions, while the Bears continue to overwhelm — on both sides of the ball, if we’re being honest.
The truth is there’s precious little separating Tier III, IV, and V teams at this points, but these teams have the underlying metrics on their side. The Rams blew a winnable game in Seattle but looked more like the Rams than they had all season in the second half of that game. The Bills have 4 wins and play Washington and Miami three of their next five games; at this point, it’ll be a choke if they don’t make the playoffs. Minnesota and Houston look like top-5 teams sometimes and bottom-half-of-the-league others, with little in between.
The Chiefs keep the #2 spot for now, forgiven for a loss when half their team was injured or out, but another loss will send them sliding. But the 49ers ascend to the top spot in the NFC as the conference’s last unbeaten, a rapid rise in these Power Rankings from 21 to 12 to 8 to 5 to 3 over the past month. There’s nothing fluky about that team on either side of the ball, but they also have yet to play any team currently over .500 and need to keep piling up wins because the closing schedule is pretty rough.
The Patriots are so #1 that they already locked up next week’s spot too after a Thursday night win. Not sure if we should be encouraged that the Pats don’t seem to be playing particularly well on offense or terrified they’ll figure it out eventually and be even more dangerous in conjunction with the league’s best defense ever through six games.
Washington has been embarrassingly bad so far, and that’s why Jay Gruden is now jobless, but this is still the difference between being an awful Big Ten team and a mediocre NAIA squad. Never underestimate the boost a team gets in their first game under a new coach.
Arizona has no corners to speak of. If Matt Ryan and Julio Jones can’t pick this team apart, Dan Quinn won’t need to get on their airplane back to Atlanta.
The Titans are basically an every week stay-away. Expect a low-scoring affair and a game you should literally stay away from watching, though the winner here stays on the fringe of AFC wildcard contention.
The Cowboys are not in free fall. They lost two winnable games against good Saints and Packers teams. But they do have an unsettled offense that might be missing both tackles against a strong run defense and generally good D overall. It’s offense where the Jets have been miserable, and the return of Sam Darnold should help that in a big way. Dallas is still very good and should win this one, but don’t be surprised if it’s closer than you think.
These teams split the last three years. Baltimore probably isn’t as good as we think. Their three wins are against Miami, Arizona, and Pittsburgh, and we might still be hanging onto that Week 1 blowout against the Dolphins. And Cincinnati may not be as bad as they look, with losses to the Bills, Cardinals, and Seahawks by four points or fewer. The Bengals can keep it close.
That’s right — I’m counting the Browns as bad until they prove otherwise. This is the fourth worst offense in the NFL right now thanks to awful O-line play, some serious sophomore regression by Baker Mayfield, and incompetent coaching. Seattle has a huge rest advantage and is just playing far better football right now. Honestly, the best thing that could happen for these Browns might be another embarrassing home blowout loss heading into the bye week so this young can take the week to get things right (and maybe turn playcalling over to Todd Monken).
The Bucs won this game 20–14 a month ago in Charlotte, but Carolina has won nine of 13 in the rivalry. That Tampa win was the last time we’ve seen Cam Newton on a football field. Since then Kyle Allen is 3–0, but this game will be on his shoulders. The Bucs have the league’s #1 run defense and #32 pass D. That’s a formula that could befuddle a team that’s been more about Christian McCaffrey than Kyle Allen. Tampa really needs to get this one.
No, you’re not reading that line wrong. Look, I’m really trying to believe in the Jaguars and MINSHEW SZN but this line is ludicrous. I projected this line as -3.5 in the Saints favor, so this is almost a touchdown discrepancy. I don’t know what I’m not seeing. It’s probably partly Alvin Kamara being listed as questionable, but Jacksonville’s run defense is so bad it might not matter.
This line has dropped from 7.5 to 4 thanks to a litany of Chiefs injuries, and that’s a real shame for what might be the most fun matchup of the season . Kansas City will be missing four linemen (two on offense and two on D) and both starting receivers, and we saw how limited Patrick Mahomes was on that ankle Sunday night. Houston can absolutely win this game, and they probably should if they want to really announce themselves as an AFC contender. But if you give me Mahomes at home by 4, I’m taking him every time.
This is the fourth time in four years for this little rivalry, but it’s the first visit for Carson Wentz to Minnesota, where he’s likely to find a pretty welcoming crowd with North Dakota State fans that have been awaiting this homecoming for years. Philly’s outstanding run D should limit Dalvin Cook, but their pass defense should be no match for Adam Thielen and Stefon Diggs. This game is 100% on Kirk Cousins showing up and making the plays he has to at home against an outmatched opponent. And that’s why I’m taking the Eagles.
The Rams have lost two in a row and badly need this one before the division slips through their fingers. San Francisco is no fluke, with the fourth best DVOA defensive start ever , and Sean McVay is 3–1 against Kyle Shanahan, the one loss coming in a meaningless Week 17 game. Here’s hoping this is the start of a classic rivalry between two of the NFL’s best and brightest. Los Angeles has a huge rest advantage, having played Thursday versus Monday for the Niners, and in such a toss-up, that might be enough.
The Lions have beaten Green Bay four times in a row for the first time since 1983, but the Pack have won 19 of 27 in this rivalry even with that. Maybe that’s because only one of those four wins came against Aaron Rodgers, who has 37 TDs and 6 interceptions lifetime against the Lions. Rodgers at home in front of the Monday night lights? Check please.
Quick, who’s the Steelers starting quarterback? Here, I’ll even give you choices: is it Dylan Wyatt, Hunter Herman, Cletus Hogg, or Jayden Wolfe? You still don’t know, do you? I projected the Chargers as 13-point favorites. If you can’t even name the Steelers QB, they should not be under a TD favorite on the road against any team, let alone one that won 12 games last year.
Hey hey, already 1–0 on our triple prime-time best bets week!
By the way, it’s actually Samford alum, Devlin Hodges. Happy betting! ■
Follow Brandon on Medium or @wheatonbrando for more sports, television, humor, and culture. Visit the rest of Brandon’s writing archives here .
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From Wikipedia, the free encyclopedia

^ The Sunday Times : "World Cup to kick off boom in spread betting"

^ "The perils of spread-betting" . The Times . Sep 20, 2007. Archived from the original on July 19, 2008.

^ "Gambling Commission - Home" . www.gamblingcommission.gov.uk .

^ Gambling Times: What are the Odds? Archived 2011-02-04 at the Wayback Machine

^ The Sunday Times: Spread betting

^ "Income Tax – Assessable income derivation of income – spread betting" . Australian Government ATO. 3 March 2010 . Retrieved 26 January 2011 .

^ Budworth, David. "Spread-betting fails investors in trouble" . thetimes.co.uk . Retrieved 11 October 2013 .

^ Pfanner, Eric. "Spread-bets on Cup venture into bizarre - Technology - International Herald Tribune" . The New York Times . Retrieved 11 October 2013 .

^ Rayman, Richard. "White Paper on Spread Betting" (PDF) . Cass Business School . Retrieved 11 October 2013 .

Spread betting is any of various types of wagering on the outcome of an event where the pay-off is based on the accuracy of the wager, rather than a simple "win or lose" outcome, such as fixed-odds (or money-line) betting or parimutuel betting .

A spread is a range of outcomes and the bet is whether the outcome will be above or below the spread. Spread betting has been a major growth market in the UK in recent years, with the number of gamblers heading towards one million. [1] Financial spread betting (see below) can carry a high level of risk if there is no "stop". [2] In the UK, spread betting is regulated by the Financial Conduct Authority rather than the Gambling Commission . [3]

The general purpose of spread betting is to create an active market for both sides of a binary wager , even if the outcome of an event may appear prima facie to be biased towards one side or the other. In a sporting event a strong team may be matched up against a historically weaker team; almost every game has a favorite and an underdog . If the wager is simply "Will the favorite win?", more bets are likely to be made for the favorite, possibly to such an extent that there would be very few betters willing to take the underdog.

The point spread is essentially a handicap towards the underdog. The wager becomes "Will the favorite win by more than the point spread?" The point spread can be moved to any level to create an equal number of participants on each side of the wager. This allows a bookmaker to act as a market maker by accepting wagers on both sides of the spread. The bookmaker charges a commission , or vigorish , and acts as the counterparty for each participant. As long as the total amount wagered on each side is roughly equal, the bookmaker is unconcerned with the actual outcome; profits instead come from the commissions.

Because the spread is intended to create an equal number of wagers on either side, the implied probability is 50% for both sides of the wager. To profit, the bookmaker must pay one side (or both sides) less than this notional amount. In practice, spreads may be perceived as slightly favoring one side, and bookmakers often revise their odds to manage their event risk.

One important assumption is that to be credited with a win, either team only needs to win by the minimum of the rules of the game, without regard to the margin of victory. This implies that teams in a winning position will not necessarily try to extend their margin—and more importantly, each team is only playing to win rather than to beat the point spread. This assumption does not necessarily hold in all situations. For example, at the end of a season, the total points scored by a team can affect future events such as playoff seeding and positioning for the amateur draft, and teams may "run up" the score in such situations. In virtually all sports, players and other on-field contributors are forbidden from being involved in sports betting and thus have no incentive to consider the point spread during play; any attempt to manipulate the outcome of a game for gambling purposes would be considered match fixing , and the penalty is typically a lifetime banishment from the sport; such is the lack of tolerance for manipulating the result of a sporting event for such purposes.

Spread betting was invented by Charles K. McNeil , a mathematics teacher from Connecticut who became a bookmaker in Chicago in the 1940s. [4] In North America , the gambler usually wagers that the difference between the scores of two teams will be less than or greater than the value specified by the bookmaker , with even money for either option. An example:

Spreads are frequently, though not always, specified in half-point fractions to eliminate the possibility of a tie, known as a push . In the event of a push, the game is considered no action , and no money is won or lost. However, this is not a desirable outcome for the sports book, as they are forced to refund every bet, and although both the book and its bettors will be even, if the cost of overhead is taken into account, the book has actually lost money by taking bets on the event. Sports books are generally permitted to state "ties win" or "ties lose" to avoid the necessity of refunding every bet.

Betting on sporting events has long been the most popular form of spread betting. Whilst most bets the casino offers to players have a built in house edge, betting on the spread offers an opportunity for the astute gambler. When a casino accepts a spread bet, it gives the player the odds of 10 to 11, or -110. That means that for every 11 dollars the player wagers, the player will win 10, slightly lower than an even money bet. If team A is playing team B, the casino is not concerned with who wins the game; they are only concerned with taking an equal amount of money of both sides. For example, if one player takes team A and the other takes team B and each wager $110 to win $100, it doesn't matter what team wins; the casino makes money. They take $100 of the $110 from the losing bet and pay the winner, keeping the extra $10 for themselves. This is the house edge. The goal of the casino is to set a line that encourages an equal amount of action on both sides, thereby guaranteeing a profit. This also explains how money can be made by the astute gambler. If casinos set lines to encourage an equal amount of money on both sides, it sets them based on the public perception of the team, not necessarily the real strength of the teams. Many things can affect public perception, which moves the line away from what the real line should be. This gap between the Vegas line, the real line, and differences between other sports books betting lines and spreads is where value can be found.

A teaser is a bet that alters the spread in the gambler's favor by a predetermined margin – in American football the teaser margin is often six points. For example, if the line is 3.5 points and bettors want to place a teaser bet on the underdog, they take 9.5 points instead; a teaser bet on the favorite would mean that the gambler takes 2.5 points instead of having to give the 3.5. In return for the additional points, the payout if the gambler wins is less than even money , or the gambler must wager on more than one event and both events must win. In this way it is very similar to a parlay . At some establishments, the "reverse teaser" also exists, which alters the spread against the gambler, who gets paid at more than evens if the bet wins.

In the United Kingdom , sports spread betting became popular in the late 1980s by offering an alternative form of sports wagering to traditional fixed odds , or fixed-risk, betting. With fixed odds betting , a gambler places a fixed-risk stake on stated fractional or decimal odds on the outcome of a sporting event that would give a known return for that outcome occurring or a known loss if that outcome doesn't occur (the initial stake). With sports spread betting, gamblers are instead betting on whether a specified outcome in a sports event will end up being above or below a ‘spread’ offered by a sports spread betting firm, with profits or losses determined by how much above or below the spread the final outcome finishes at.

The spread on offer will refer to the betting firm's prediction on the range of a final outcome for a particular occurrence in a sports event, e.g., the total number of goals to be scored in a football (US: soccer) match, the number of runs to be scored by a team in a cricket match or the number of lengths between the winner and second-placed finisher in a horse race.

The gambler can elect to ‘buy’ or ‘sell’ on the spread depending on whether they think the final outcome will be higher than the top end of the spread on offer, or lower than the bottom end of the spread. The more right the gambler is then the more they will win, but the more wrong they are then the more they can lose.

The level of the gambler's profit or loss will be determined by the stake size selected for the bet, multiplied by the number of unit points above or below the gambler's bet level. This reflects the fundamental difference between sports spread betting and fixed odds sports betting in that both the level of winnings and level of losses are not fixed and can end up being many multiples of the original stake size selected.

For example, in a cricket match a sports spread betting firm may list the spread of a team's predicted runs at 340 – 350. The gambler can elect to ‘buy’ at 350 if they think the team will score more than 350 runs in total, or sell at 340 if they think the team will score less than 340. If the gambler elects to buy at 350 and the team scores 400 runs in total, the gambler will have won 50 unit points multiplied by their initial stake. But if the team only scores 300 runs then the gambler will have lost 50 unit points multiplied by their initial stake.

It is important to note the difference between spreads in sports wagering in the U.S. and sports spread betting in the UK. In the U.S. betting on the spread is effectively still a fixed risk bet on a line offered by the bookmaker with a known return if the gambler correctly bets with either the underdog or the favourite on the line offered and a known loss if the gambler incorrectly bets on the line. In the UK betting above or below the spread does not have a known final profit or loss, with these figures determined by the number of unit points the level of the final outcome ends up being either above or below the spread, multiplied by the stake chosen by the gambler.

For UK spread betting firms, any final outcome that finishes in the middle of the spread will result in profits from both sides of the book as both buyers and sellers will have ended up making unit point losses. So in the example above, if the cricket team ended up scoring 345 runs both buyers at 350 and sellers at 340 would have ended up with losses of five unit points multiplied by their stake.

In addition to the spread bet, a very common "side bet" on an event is the total (commonly called the over/under or O/U ) bet. This is a bet on the total number of points scored by both teams. Suppose team A is playing team B and the total is set at 44.5 points. If the final score is team A 24, team B 17, the total is 41 and bettors who took the under will win. If the final score is team A 30, team B 31, the total is 61 and bettors who took the over will win. The total is popular because it allows gamblers to bet on their overall perception of the game (e.g., a high-scoring offensive show or a defensive battle) without needing to pick the actual winner.

In the UK, these bets are sometimes called spread bets, but rather than a simple win/loss, the bet pays more or less depending on how far from the spread the final result is.

Example: In a football match the bookmaker believes that 12 or 13 corners will occur, thus the spread is set at 12–13.

In North American sports betting many of these wagers would be classified as over-under (or, more commonly today, total ) bets rather than spread bets. However, these are for one side or another of a total only, and do not increase the amount won or lost as the actual moves away from the bookmaker's prediction. Instead, over-under or total bets are handled much like point-spread bets on a team, with the usual 10/11 (4.55%) commission applied. Many Nevada sports books allow these bets in parlays , just like team point spread bets. This makes it possible to bet, for instance, team A and the over , and be paid if both

(Such parlays usually pay off at odds of 13:5 with no commission charge, just as a standard two-team parlay would.)

The mathematical analysis of spreads and spread betting is a large and growing subject. For example, sports that have simple 1-point scoring systems ( e.g., baseball , hockey , and soccer ) may be analysed using Poisson and Skellam statistics.

By far the largest part of the official market in the UK concerns financial instruments; the leading spread-betting companies make most of their revenues from financial markets, their sports operations being much less significant. Financial spread betting in the United Kingdom closely resembles the futures and options markets, the major differences being

Financial spread betting is a way to speculate on financial markets in the same way as trading a number of derivatives . In particular, the financial derivative Contract for difference (CFD) mirrors the spread bet in many ways. In fact, a number of financial derivative trading companies offer both financial spread bets and CFDs in parallel using the same trading platform.

Unlike fixed-odds betting, the amount won or lost can be unlimited as there is no single stake to limit any loss. However, it is usually possible to negotiate limits with the bookmaker:

Spread betting has moved outside the ambit of sport and financial markets (that is, those dealing solely with share, bonds and derivatives), to cover a wide range of markets, such as house prices. [5] By paying attention to the external factors, such as weather and time of day, those who are betting using a point spread can be better prepared when it comes to obtaining a favorable outcome. Additionally, by avoiding the favourite-longshot bias , where the expected returns on bets placed at shorter odds exceed that of bets placed at the longer odds, and not betting with one's favorite team, but rather with the team that has been shown to be better when playing in a specific weather condition and time of day, the possibility of arriving at a positive outcome is increased.

In the UK and some other European countries the profit from spread betting is free from tax. The tax authorities of these countries designate financial spread betting as gambling and not investing, meaning it is free from capital gains tax and stamp duty , despite the fact that it is regulated as a financial product by the Financial Conduct Authority in the UK. Most traders are also not liable for income tax unless they rely solely on their profits from financial spread betting to support themselves. The popularity of financial spread betting in the UK and some other European countries, compared to trading other speculative financial instruments such as CFDs and futures is partly due to this tax advantage. However, this also means any losses cannot be offset against future earnings for tax calculations.

Conversely, in most other countries financial spread betting income is considered taxable. For example, the Australian Tax Office issued a decision in March 2010 saying "Yes, the gains from financial spread betting are assessable income under section 6-5 or section 15-15 of the ITAA 1997". [6] Similarly, any losses on the spread betting contracts are deductible. This has resulted in a much lower interest in financial spread betting in those countries.

Suppose Lloyds Bank is trading on the market at 410p bid, and 411p offer. A spread-betting company is also offering 410-411p. We use cash bets with no definite expiry , or "rolling daily bets" as they are referred to by the spread betting companies.

If I think the share price is going to go up, I might bet £10 a point ( i.e., £10 per penny the shares moves) at 411p. We use the offer price since I am "buying" the share (betting on its increase). Note that my total loss (if Lloyds Bank went to 0p) could be up to £4110, so this is as risky as buying 1000 of the shares normally.

If a bet goes overnight, the bettor is charged a financing cost (or receives it, if the bettor is shorting the stock). This might be set at LIBOR + a certain percentage , usually around 2-3%.

Thus, in the example, if Lloyds Bank are trading at 411p, then for every day I keep the bet open I am charged [taking finance cost to be 7%] ((411p x 10) * 7% / 365 ) = £0.78821 (or 78.8p)

On top of this, the bettor needs an amount as collateral in the spread-betting account to cover potential losses. Usually this is either 5 or 10% of the total exposure you are taking on but can go up to 100% on illiquid stocks. In this case £4110 * 0.1 or 0.05 = £411.00 or £205.50

If at the end of the bet Lloyds Bank traded at 400-401p, I need to cover that £4110 – £400*10 (£4000) = £110 difference by putting extra deposit (or collateral) into the account.

The punter usually receives all dividends and other corporate adjustments in the financing charge each night. For example, suppose Lloyds Bank goes ex-dividend with dividend of 23.5p. The bettor receives that amount. The exact amount received varies depending on the rules and policies of the spread betting company, and the taxes that are normally charged in the home tax country of the shares.

According to an article in The Times dated 10 April 2009, approximately 30,000 spread bet accounts were opened in the previous year, and that the largest study of gambling in the UK on behalf of the Gambling Commission found that serious problems developed in almost 15% of spread betters compared to 1% of other gambling. [7] A report from Cass Business School found that only 1 in 5 gamblers ends up a winner. [8] As noted in the report, this corresponds to the same ratio of successful gamblers in regular trading. [9] Evidence from spread betting firms themselves actually put this closer to being 1 in 10 traders as being profitable. [ citation needed ]

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