What Does Spread Mean In Football Betting

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Spread betting in sports: what is spread betting?
Spread betting is one of the most complex forms of betting. At least it seems that way until you start.
The thing that puts off your average punter is that it is extremely volatile and the potential for loss is greater than normal betting. It is for this reason that you need to understand spread betting and how it works before you get too heavily involved.
We suggest that if you start spread betting, then you are a little more knowledgeable about betting than average.
We’ll touch on financial spread betting in this post as it’s the most popular form, but we’ll focus on how spread betting works in sports.
Spread betting is hugely popular, especially among people who work in or have an interest in finance. This is because it allows easy access to speculate on the movement of financial markets. This simplified form of betting on financial markets has meant an increase in popularity for spread betting.
The variables are quite high when spread betting on financial markets. The volatility of these markets means that, without paying due care, you can lose thousands in the blink of an eye. Your investment capital can go further, but you can also lose more than you initially deposited.
It’s important to understand the risks involved and have suitable strategies in place to manage this.
Whilst financial spread betting is the most popular form of this kind of betting, it can also be done in the sports world.
The way spread betting differs from traditional betting is that you’re betting on the movement of the market rather than an event. With traditional betting, you’re betting a set amount on the market to have a defined result at a set price. For example: you’re betting on a spread for a Premier League team’s total points and the spread is set at 70. You’ll bet a set amount per point that you think their final tally will be above or below the spread.
So, if you stake £5 per point that they will achieve a higher points tally than the spread, you’ll win £5 for every point over. However, should they get a lower points tally than 70, you’ll lose £5 for every point they miss that target by.
This means that there’s the potential for high wins. However, it also means that your potential for loss can be quite high should the team fail to hit this target.
There is a mechanism that you can build into your bet to minimise losses. It’s called a stop loss. This is the point that you define in your bet that you want to cancel and take a loss.
Let’s look at how that works: you buy on a spread but the share price of the company you bought dramatically takes a hit. Your bet will be closed out at your defined price meaning you can’t lose any more than you’ve set.
The best way to answer the question ‘how does spread betting work?’ is to look at football spread betting. It’s a sport that everyone understands, and therefore it makes it easy to compare spread betting to normal betting in football.
Let’s take a more detailed look at the example we touched on earlier.
Points betting over a season is one of the most popular spread bets. The prediction from the spread betting company may look something like this:
Manchester United points: 76 – 77.5
This means they are predicting Manchester United may finish on either 76 or 77 points. The lower one is the selling price. The higher one is the price you buy at.
If you buy the spread at £10 per point, and Manchester United finish on 84 points, you will win £65. That is £10 per point and £5 for the half a point.
However if Manchester United finished on 75 points, then you would have lost a total of £25.
Should you sell Manchester United points, you’re betting that they will finish with lower than 76.
If you bet at £10 per point, and they finish on 70, then you will win £60. However, should they finish on 80 points then you lose £40.
But perhaps the long term markets take a little bit too long for you, and you’d prefer to bet per match. You can do that with spread betting too.
One of the most popular match markets to bet on is player goal minutes. The spread for a star striker will be set at something like 37 – 40.
At the end of the match, the times they scored the goals are added up. If you buy the spread, it means you’re hoping the total points are more than 40. For example, in the following situation:
Harry Kane Player Goal Minutes: Sell 37 – Buy 40
Then he scores a goal on the 15th minute and the 45th minute. These obviously add up to 60 minutes. If you bought for £10 per point at 40, then you would win £200. However, if he only scored in the 5th minute then unfortunately, your luck is out. You would lose £350. Which shows perfectly the amount of risk involved with spread betting.
There aren’t as many spread betting strategies as there are in other types of betting. At least not in the same way. But there are a few handy hints you can follow to make the process a little bit easier for yourself.
Firstly, did you know that you can close out your bets in-play for many spread betting markets?
This is because the spread moves in-play, based on what is happening during the game.
Let’s say you bet on a Total Goal Minutes market and the spread was 167 SELL – 177 BUY. You bought the Total Goal Minutes thinking there would be a lot of goals in the match. But there were a few goals in the 20th minute of the game, to give you 50 points. The line would move to reflect this.
Say it moves to 200. This gives you an opportunity to get out of your bet and make a profit. By selling at this price, you’ll make an automatic profit.
To give you an idea of what types of markets you can bet on when you’re spread betting, here’s a list of the most common football markets, along with a brief explanation of how they work.
A supremacy bet is where the spread betting firm predict how dominant one team will be over another. This is where they set a spread based on how many goals a team will beat another by.
If you feel that Tottenham will win, you can buy them at 0.4 goals for a stake of £10.
When Tottenham win with a 5-1 scoreline, their supremacy is 4 goals. This means the actual result was +3.6 and you won £36.
This is where the spread predicts the time of the first goal in the match. They may set a spread of 19-22, and favour the first goal being scored in the first half.
However, expecting a quiet first half, you buy this for £10 per point. Eventually, during the match, the first goal is scored in the 32nd minute.
Given the 10 minute discrepancy, you win 10x your £10 stake giving you a profit of £100.
Total corners is an interesting spread betting market and gives you another angle to consider. The spread states how many corners they think will be taken by both teams during the match.
If a lot of corners are expected, the line might be set at 14.5 – 15 corners. You may feel that this is too high so decide to sell at 14.5 for a stake of £10.
But bad news: during the game, records were broken and there were 35 corners during the match. This would give you a whopping loss of £205. Ouch!
This is one of the more fun spread betting markets. It takes a lot of research and a big sprinkling of luck to have success with this market.
At the end of the game, the shirt numbers of all the goalscorers in the market are added together.
For argument’s sake, the spread betting firm may set the spread at 52-56.
Noticing the star striker likes to stand out and has the number 88 on his shirt, you buy at £10 per point.
However, disaster strikes, and after many missed chances, the game finishes 0-0. You run up a loss of £560.
Spread betting can be exciting because the ceiling for profit is quite high. However, this is why some people can also get carried away.
So during your spread betting journey, make sure you follow these rules to keep your losses to a minimum.
While spread betting can be fun, unfortunately, it can also be quite costly. It’s hard to get serious with spread betting and follow any real strategy. Unless you’re well into the financial markets and really know your stuff. And that can take A LOT of time and effort…
Something which doesn’t require as much time and effort, though, is matched betting. Now, it’s nowhere near as on-the-edge-of-your-seat as spread betting, but it’s sure as hell a lot more profitable. And the profits you do make from matched betting are completely tax-free.
Bookmakers are in a constant fight to try and win customers due to the never ending growth of the industry. They offer free bets and other promotions to attract sign ups. Matched betting is a process where you can turn these free bet offers into real money. Money that goes from the bookmakers’ pockets, straight into your account.
The great thing is that anyone can do it, from university students to stay at home parents. You don’t have to be a sports fan. Hoards of people are profiting from this and earning anywhere from a few hundred to a few thousand pounds within the first few months.
Why waste money betting when you can win it? To find out more about matched betting, download our free introductory guide.
Wondering how to make money from matched betting once you run out of ‘welcome’ offers? Ian’s here to document his journey on life after sign ups.
Looking for ways to make money online?
Matched betting is one of the best ways to make money online, and at OddsMonkey we have all the tools and resources you need to get started. Find out how you can easily turn bookmaker offers into tax free profits today.
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If you are interested in wagering on an NFL or NBA game, you need to know how to read a point spread. Point spread betting is by far the most popular kind of wagering on NFL, college football, NBA and college basketball.
Read below to reveal how a point spread works and how to make the most of them to your betting advantage.
A point spread helps even the gap between the favorite and the underdog of a game. If the Philadelphia Eagles are playing host to the Miami Dolphins, you would likely be inclined to pick the Philadelphia Eagles to win the game. But sports betting sites will put a point spread on the game, giving the underdog Miami Dolphins points, to help even the odds.
The approach is especially common for football and basketball.
Let’s say the Los Angeles Lakers are playing host to the Boston Celtics. If you have to pick a winner of the game, you’re likely going with LeBron James and the Lakers. But what if the Celtics were given seven additional points to begin the game?
That’s what a point spread does. It evens the playing field. It also evens the odds. In the above example, the point spread line would look like this:
If you were to pick the Lakers to simply win on the moneyline (straight up), these NBA odds might be -280, meaning you’d need to wager $280 to win $100 in profit. With a point spread, both teams can be wagered on at -110 odds, in which a $110 ticket brings $100 in profit.
Why is just about every even betting line posted at -110? The vigorish, or juice, is a backend commission by sportsbooks. It provides a house edge: If each side is evenly played, the books still make money off the juice.
If you take the Lakers to cover the spread (-7) at -110 odds, you not only need L.A. to win, but win big. Let’s say LeBron goes off for 42 points and the Lakers roll to a 107-101 victory. That’s great for the Lakers, but not for you, the bettor. Their six-point win didn’t cover the spread. You lost $110.
If you back Boston (+7) to cover the spread for $100 (-110), that means you don’t need the Celtics to pull off the upset. All you need is for the Celtics to lose by six points or less to cash out.
In the above example, the Celtics lost … but you didn’t. You are in possession of a winning ticket. You doubled your money on the point spread bet, and the book owes you $210 – your $110 bet plus $100 in profit.
Point spreads level the playing field for sports bettors. It makes underdogs just as valuable to pick as favorites. You’re not likely to pick Kentucky to beat Alabama when betting college football, but if the Wildcats are posted at +28, you might consider it.
Conversely, even if you’re sure the Crimson Tide are going to win, putting a moneyline wager might be too expensive. Alabama might be -500, meaning you’d need to wager $500 to win $100 in profit. One loss can set you back. To many sports bettors, it’s not worth it.
With each team posted with a point spread, it allows you to look at both sides of the game and, in theory, a 50% chance of picking the right side. A win doubles your money, a loss costs slightly more with the juice added by the sportsbook.
As an aside, it also makes many games more interesting to watch. If the Packers are leading the Lions 28-17 with four minutes left on Thursday Night Football, the on-field drama may be lacking, but it’s on full tilt if you took either side of the 10-point spread.
Point spreads change often from the time they’re posted to the start of a game. An oddsmaker can alter the lines whenever they wish, based on a variety of reasons. That includes if one side is getting a strong majority of the money, if a major injury or suspension occurs, or if the weather plays a factor.
Bettors can take advantage of lines changes, either by jumping on them early or waiting for the point spread to move. For example, if the Denver Broncos are playing host to the Kansas City Chiefs, on Monday the line might be:
But by Thursday, it’s unclear if Chiefs QB Patrick Mahomes will play due to an ankle injury. Suddenly, the line shifts:
The Broncos remain the underdog, but the line shifted a full point in their favor. A Denver bet may not be as appealing of a betting option as it was, however, because the betting line now doesn’t cover a field goal. The Chiefs need to win by just three points to win, instead of four as was required with the original point spread.
But the line can switch just as quickly the other way. If Mahomes is officially declared good to go on Saturday, the line moves once more:
Now, the Chiefs need to win by six points or more to cover, the Broncos can win or lose by less than five points.
Timing is important in playing your spread bets. Whatever the line is when you place your bet, that’s the number you get, regardless of how it moves through the rest of the week. You also want to keep an eye on our NFL consensus page to see if money is flooding in on one side of the bet.
Yes, especially in the NFL. In addition to a game point spread, most sportsbooks now post first-half point spreads, and even point spreads for each of the four quarters.
Also, live betting NFL odds has exploded onto the scene in recent years, and point spread is the most-popular way to bet in-game. Scoring plays, changes of possession and time passed can affect point spreads when it comes to in-game betting.
When it comes to how to read a point spread, there are several key numbers worth keeping an eye on, especially in football.
The two most-common scoring plays in football are the touchdown with extra point (7 points) and the field goal (3). It would make sense, then, to know 7 and 3 are the most common final score margins of victory, accounting for roughly 25% of all NFL games in recent years.
Based on those two key numbers, oddsmakers will often use a “hook” to sway bettors in one direction. A hook is an extra half-point put on a point spread, most often used in football.
If you’re betting a favorite, laying fewer than 7 or 3 points adds a great deal of value. So a line of -6.5 or -2.5 is enticing.
Conversely, so is an underdog posted at +7.5 or +3.5. With so many games decided by those two numbers, using a hook when available is something to consider.
There are other key numbers in football, not as strong but worth considering. The third most-common scoring margin in NFL games is 10, followed by 6. Getting a hook on either side of 10, especially, can be the difference between a win and loss.
Basketball has key numbers but they’re not as strong and hooks aren’t as commonly used. The most-common final margin of NBA games is between 5-8 points, so hooks of 4.5, 5.5, 7.5 or 8.5 are utilized. Late free throws will often push last-second outcomes into that range.
Betting on point spreads evens the risk and the reward, compared to moneyline wagering, where a bettor simply picks the winner or loser regardless of the odds. But it takes a keener eye on which side should hit. Developing your own criteria can go a long way to being successful betting against the spread.
Home-field advantage: Some teams have a stronger advantage of playing on their own field in front of their own fans, but the advantage varies on the team. In football, playing at home can be worth anywhere from 2 to 4.5 points. Oddsmakers factor home-field advantage in their odds, so it’s important to note it in your own projections.
Statistics: For football, yards or points for and against, red zone success and turnover differential are just a few of myriad stats that could help you come to a conclusion. In basketball, shooting percentage for and against, rebounding success and turnovers can be key.
Power rankings: Sites all over the internet post lists of teams based on their own systems and merits. Many handicapping sites may assign a total number to each team, which they may use directly in their projecting.
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