understanding sports betting spreads

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Understanding sports betting spreads i bet you look good on a dancefloor

Understanding sports betting spreads

The favorite in a game is listed as being minus - the point spread. The worse of the teams playing in the game is called the underdog. The bettor wins if this team wins the game outright or loses by an amount smaller than the point spread. Using this example, the Chiefs were 3-point favorites over the Buccaneers. The Chiefs needed to win by 4 or more points to cover the spread. Likewise, the Buccaneers were 3-point underdogs.

That means the Buccaneers needed to win the game outright or not lose the contest by 4 points or more. Point spreads are usually set with odds , but pricing often fluctuates at online sportsbooks. The odds guarantee the sportsbook operator will see a little money over time.

A spread of minus-seven -7 means that a is favored to win the game by a touchdown technically, a touchdown and the extra point. A team favored by -7 must win the game by eight or more points to win the bet. A loss by seven would result in a push.

A -3 spread means that the favorite must win by more than a field goal to win the wager. A three-point win would result in a push and the sportsbook would refund the wager. A three-point loss would be graded as a push by the sportsbook and the bet would be refunded.

Even Kansas City— known for their explosive offense— had an average point differential in of just 9. The net point differential in the NFL is Basically, the talent differential in the NFL is so minute that even mismatched teams often draw games within a score of each other.

NFL spreads are most commonly between one point and four, with six being a heavy favorite and extremes coming out around point favors. The minus sign means that the final score will have the spread number subtracted from it. As we said before, not all teams are created equal. Sportsbooks use point spreads to handicap a matchup in an attempt to attract equal betting on both sides and even out the competition.

Without a point spread, it would be too easy for bettors to simply take the favorite in every matchup. In a perfect world, sportsbooks and oddsmakers would draw perfectly balanced betting action on both sides of a point spread. The large majority of point spread bets come with a juice applied to the payout odds. Perfectly balanced betting on both sides would allow sportsbooks and oddsmakers to collect the juice free of liability.

The favorite, which is the side with the minus number as the point spread, must win by more than the point spread dictates. The underdog, which is the plus number as the point spread, cannot lose by more than the point spread dictates. Yes, ties can happen when point spread betting.

In the case of a push, all bets are returned to the bettor. In many cases, point spreads will not be an even number. Rather, point spreads will display a half of a number,. More information regarding the hook can be found below, in the section about key numbers. Point spreads are most commonly used and referred to in football betting. This means that New England is favored by 8 points and that Buffalo is the underdog by 8 points.

This final score would result in a push, as it fell on the exact 3-point spread that was being applied. If the final score results as in favor of New England, bettors holding a Patriots -8 ticket would win the bet because the Patriots won by There is where the juice comes into play. Sometimes, you may see a point spread bet listed with odds of , , or even Because oddsmakers will adjust point spreads as they see fit, another way to alter the handicap is by changing the odds slightly.

Sportsbooks and oddsmakers may very well change a point spread to keep the handicap even. Injuries, starting lineups, weather, and volume of bets on one side or the other are a handful of the reasons for a point spread to change.

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A -3 spread means that the favorite must win by more than a field goal to win the wager. A three-point win would result in a push and the sportsbook would refund the wager. A three-point loss would be graded as a push by the sportsbook and the bet would be refunded. Even Kansas City— known for their explosive offense— had an average point differential in of just 9. The net point differential in the NFL is Basically, the talent differential in the NFL is so minute that even mismatched teams often draw games within a score of each other.

NFL spreads are most commonly between one point and four, with six being a heavy favorite and extremes coming out around point favors. Sportsbook operators often aim to have equal money on both sides of a point spread. When the money is exactly split the sportsbook operator will see the exact vigorish as their profit margin. If all things are equal over time this will maximize how much money the sportsbook operator can make.

The odds for a point spread might change before the actual point spread. There are certain point spread numbers, like 3 and 7 in football, the sportsbook operators would like to avoid moving away from since the final score margin falls on these two numbers most often. For example, if a lot more money is wagered on the New England Patriots -3, the vig may shift from to and before the line moves to Football and basketball games are mostly bet using a point spread.

The less popular major sports, baseball and hockey, are mostly bet using a moneyline. In an effort to make baseball and hockey more appealing to point spread bettors, the sportsbook operators offer run and puck lines, respectively. These alternative lines give point spread bettors a chance to wager on other sports using a more familiar method of betting.

What Is A Point Spread? Betting Odds And Strategy. Sports betting is legal in Virginia and residents began betting via FanDuel in January When will sports betting be legal in Virginia? When will sports betting be legal in South Dakota?

Sports betting is not legal in South Dakota, but residents passed a ballot initiative in the November election, which means it's on its way. Is sports betting legal in South Dakota? Sports betting is not legal in South Dakota, but residents passed a bill initiative in the election. Is sports betting legal in North Carolina? Sports betting is legal in North Carolina, but it's only available at two casinos, which weren't open as of early When will sports betting be legal in North Carolina?

When will sports betting be legal in Tennessee? Tennessee sports betting was legalized in and launched in Is sports betting legal in Tennessee? Is sports betting legal in Maryland? Sports betting is not legal in Maryland, but residents voted Yes to legalize sports gambling in the November election. When will sports betting be legal in Maryland? Is sports betting legal in Louisiana? Sports betting is illegal in Louisiana despite numerous attempts throughout the last couple years.

When will sports betting be legal in Louisiana? Sports betting is illegal in Louisiana despite numerous attempts to legalize it the last couple years. When will sports betting be legal in Iowa? Iowa legalized sports betting in May , becoming the 11th state to do so.

Is sports betting legal in Iowa? Iowa legalized sports betting in , becoming the 11th state to pass a bill. When will sports betting be legal in Illinois? Illinois passed sports betting legislature June and launched at physical sportsbooks March , becoming the 15th state to offer wagering. Is sports betting legal in Illinois? Illinois passed sports betting legislature in and launched at physical sportsbooks in March When will sports betting be legal in Colorado?

Colorado legalized in-person and mobile sports betting November after a bill was signed by the governor and then approved by voters. Is sports betting legal in Colorado?

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The favorite will always have a minus sign attached to their number, while the underdog can be identified with a plus sign. In this example, there is no plus sign with regards to the point spread. Similar to point spreads, a moneyline favorite can be identified with a minus sign next to the number while the underdog will have a plus.

With a moneyline bet, one is simply betting who will win the game regardless of the margin of victory. The Cowboys have a moneyline of The reason why the payout is so big is that they were considered eight-point underdogs to begin with. Therefore, the likelihood of them winning outright is not high.

Moneyline odds and point spreads typically go hand in hand. The more points a team is favored by, the more expensive their moneyline will be. A standard vig is on these bets. However, one does not have to be a mathematical expert to be a successful sports gambler. Remember, a cashier at a sportsbook will always show you what you stand to win before you finalize your bet.

Mike Spector is a featured writer at BettingPros. Betting , Betting Tips , How-To. Rotation Numbers Rotation numbers are commonly used at in-person sportsbooks. The point spread makes things more interesting for bettors, as well as making a profit for the bookies.

Essentially, the point spread is a handicap given by the bookmakers to bring teams to an equal footing, in that it generates interest in both teams from bettors. If you placed a bet on Team A, the team would have to win the game by eight or more points. Betting on Team B would win you your bet if the team wins the game, OR if it loses by less than six points.

Instead, the bet depends on whether the combined amount is over or under a predetermined number set by the bookmaker. All you have to do is decide whether the combined scores will total over that mark, or under it. Again, there are three main formats:.

What does this mean? All you have to do is multiply your wager by the odds to find out your potential winnings. Fractional odds are one of the oldest forms of odds in sports gambling and are more popular in the UK market. Basically fractional odds show you how much you are set to win relative to how much you put in.

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Odds are a set of numbers which indicate the likelihood of an event taking place. The moneyline wager is perhaps the simplest bet to understand. The minus symbol indicates the favorite to win, while the positive shows who the underdog is. Moneyline wagers have odds attached to both the favorite and the underdog. Note: the odds are given in the American format. Usually in any game, one team is better than the other, giving us the terms favorite and underdogs in the first place.

The point spread makes things more interesting for bettors, as well as making a profit for the bookies. Essentially, the point spread is a handicap given by the bookmakers to bring teams to an equal footing, in that it generates interest in both teams from bettors.

If you placed a bet on Team A, the team would have to win the game by eight or more points. Betting on Team B would win you your bet if the team wins the game, OR if it loses by less than six points. Instead, the bet depends on whether the combined amount is over or under a predetermined number set by the bookmaker. Check out the best offers here.

As more and more states legalize sports betting in the U. In this article, we will get you caught up on all the basic terminology you need to know. In addition, we will use this terminology to explain how to read what you see on an odds board and how to apply this knowledge towards your wagers.

Rotation numbers are commonly used at in-person sportsbooks. These numbers are provided for bettors to easily reference their bets when approaching the cashier. Suppose a bettor wanted to wager on the Cowboys spread. If the bettor was satisfied with the bet, the bet is finalized once the bettor hands the cashier their money. Telling a cashier the rotation number of a bet is not absolutely mandatory. However, one cannot assume the cashier is knowledgeable about every sport, so telling the cashier the rotation number makes their job easier.

Betting on a point spread is the most common type of sports bet. Point spreads are in essence a handicap to even the odds between two teams. The favorite will always have a minus sign attached to their number, while the underdog can be identified with a plus sign. In this example, there is no plus sign with regards to the point spread. Similar to point spreads, a moneyline favorite can be identified with a minus sign next to the number while the underdog will have a plus.