This is an easy first step in sports betting, making it a great starting point for beginners. The goal of the point spread is to even the playing field between two teams in a game. When both teams attract an equal amount of betting action, sportsbooks are able to offer higher payouts, especially with games that feature lopsided opponents. On this page we’ll explain step by step what point spread bets are and how to place them at online sportsbooks and casinos. We’ll go into detail about how they work in all the major sports and, most importantly, how to find teams that are the most likely to cover the spread.
That half of a point on the -3.5 line is what’s known as a “hook.” It exists to prevent a bet from being graded a “push,” as it’s impossible to score half of a point in football. If the final score of a game lands exactly on the margin of the spread — i.e., for a three-point spread — then the bet is a push, and the sportsbook will refund wagers. If a clear preference emerges among the betting public, as in one side attracting the bulk of interest, then the sportsbook has lopsided action on its hands. To balance things out, the sportsbook will shift the spread and odds, sometimes in response to action from professional or “sharp” bettors.
At +5.5, losing by five points or fewer is good and losing by six points or more is bad. If the Dallas Cowboys are -5.5, they need to win by six points or more to win the bet. If the New York Giants are +5.5 on the spread, they can’t lose by more than five points to win the bet. If the spread numbers are both 5.5, there is no middle ground for both teams to win/lose. By looking at the numbers, you’ll notice Cleveland is a 10-point favorite, and Miami is a 10-point dog. For Cleveland to cover the spread, it needs to win by more than 10.
Point Spread Example
Usually, spread betting involves laying -110, and a parlay essentially rolls over the winnings of each bet into the next bet. If you’re wondering how your parlay will pay out, just know most two-teamers pay a little less than 3-to-1, and the odds roughly double for each leg added after that. As the oddsmakers are paying close attention to the news, you should be as well.
But, when it comes to point spread betting, you know where you stand at every moment. With point spread betting, it may seem counterintuitive that an optimistic prediction has a negative symbol, and vice versa. The favorite gets a minus symbol because your payout will be less than the value of the odds. For example, a bet on a -150 line will net you $66 in profit, while a $100 bet on the underdog at +125 will net you $125 in profit. If you’d like to enjoy a wagering challenge, try point spread betting on baseball.
Rules For Point Spread Betting
For the Chiefs to win the bet, they must win by over 7 points. But with the spread applied, the final spread score is to the Bears. In baseball, a team’s success is greatly influenced by their starting pitcher-so much so, that they’re Financial leverage often included in MLB spread bets. In these cases, the pitcher listed in the spread must start for the bet to be active. In this example, betting $100 on the Red Sox would pay $135, and betting $155 on the Giants would pay $100.
All you have to do is log in to your online account during a big game and you will see constantly shifting live betting lines, most often posted during commercial breaks. Line shopping makes a large difference to your bottom line over the long haul. It can turn losing bets into pushes and pushes into wins because, some percentages of the time, the games land on these numbers.
How To Start Spread Betting
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 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. 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.
Bettors need to decide if the Cowboys are in fact 3.5 points better than the Giants for this contest, and if they will be able to win the game by this amount. Some sportsbooks offer bigger teasers like super teasers and monster teasers. These give you an even wider spread of points to choose from. Teasers are great if you fancy a favorite to steamroller an underdog in a game. You can take a much wider spread but enjoy higher odds as a result.
- In addition, there are also free and subscription-based resources which provide picks against the spread.
- The better a team is deemed to be than its opponent, the higher the point spread will be.
- Point spreads are either whole numbers, or they can include a half-number like 4.5, for example.
Deciding whether it’s best to bet against the spread or on the moneyline depends on several factors and can change from one game to the next. With a point spread, you don’t have to worry about risking a certain amount of money to earn a specific profit. You know that the payout will likely be on a -110 moneyline, or at least somewhere in that neighborhood.
Can I Use A Point Spread Bet In A Parlay?
Each team is given a point total by the oddsmaker that can either be added or subtracted to the final score, thus factoring into if the bet was won or lost. A sportsbook’s goal in offering most bets is to balance out the wagering pools on both sides of the bet as much as they can. If the pools are balanced, then the sportsbook can happily collect its vig without having to pay out extra dollars to the eventual winners.
If you bet $22 on the Bills -13.5 and Buffalo wins by 14 points, you’ll win $20. The perceived stronger team must win by a certain number of points/runs/goals to cash your bet. The worse team can lose by fewer than that same amount of points, or just win the game. At the same time, you’re forfeiting your chance to make a $100 profit. If you’re confident that the Vols will maintain a lead of more than 3 points, you could be better off turning down this offer.
The Potential Outcomes Of A Point Spread Bet
Spread betting works by traders speculating on whether a financial instrument’s price will rise or fall. Spread betters can go long if they believe the price of an asset will go up, or go short if they believe the market will start a downtrend. Finance If you decided to make this bet on this game, you could win in one of two ways. Should Vandy upset Tennessee, regardless of the score, you would win. If the Commodores lose by 3 points or less, you would win that way as well.
Point Spread Bets, Explained
As an example, let’s look at the UK government’s help to buy housing scheme. Browse our news and analysis section, and check the insights, market calendar and chart forum platform modules. Live account holders can also access Reuters news and Morningstar fundamental analysis for inspiration. Be advised that most bettors will have difficulty turning a profit with parlays.
As we explained earlier, bookies use power rankings to help determine the spreads. Football is one of the most popular sports for point spread betting. The NFL hosts regular seasons and predictable gaming schedules. Accordingly, many bettors look forward to the Super Bowl season every year.
You can either make things easier for your chosen team to succeed and take a lower payout, or you can raise the bar on the team and gamble for a higher payday. However, the chance of dropping the entire value of the bet is now lost, and winning the middle would result in a rather rewarding payout. The possibility of winning one bet is quite large, and there is a chance to win both bets.
This is because Chicago won by 3, when the Bears needed to win by 4 in order to cover the spread. The bettor who took the Vikings and “got” 3 ½ points was thus saved by the hook and wins the bet, despite the Vikings losing. Another key term in spread betting is “the hook.” The hook is the half-point that has the potential to swing betting outcomes regardless of the whole number it follows. Suppose what is spread betting a point spread opens with the Celtics favored by 5 points over the Knicks at -110. If bettors believe the Celtics are going to whoop the Knicks by more than 5, they may collectively place a larger amount on Boston. And if a lot of people are betting on the Celtics at this number, the imbalance has the potential to change the vig to -115 or -120, which may dissuade more action on the Celtics.
If the underdog is receiving far more bets than the favorite, the underdog is the favorite where bettors are concerned. Since bookies take advantage of public perception, not team performance, this affects the odds. One of the factors for determining a spread that we didn’t mention before is early performance.
Author: Tammy Da Costa