Head to the bet slip on the right side of the page on your phone, it will pop up automatically. Oddsmakers build mathematically-driven ratings for each team before the season and continue to tweak them as games are played. They use those ratings, plus factors like home-field advantage, rest, and injuries, to create a point spread in advance of a scheduled game. Bettors then begin wagering on that initial point spread, which will influence the spread and move it to the most accurate possible number.
Most sportsbooks do not create their own lines, and simply copy the movement they see at market-making books. In the above example, the Bills or more as a How would you rate this article? The -3 points is the spread. If you want to bet the Colts on the spread, it would mean the Colts need to win by at least three points for you to win the bet. If the Colts win by two points, you would lose the bet because they didn't hit the key number of three. The spread at -3 suggests the teams are fairly equal and maybe in this case, the Colts are only -3 because they are playing at home.
Bookmakers see these teams as equal and expect to receive fairly even money from bettors. In a spread bet, the odds are usually set at on both sides , depending on the sportsbook and state. If you like the Colts to win but think three points is a tricky number, a moneyline bet could be made on the winning team with no points in the equation.
THREE DIFFERENCES BETWEEN DISTANCE AND DISPLACEMENT EXAMPLE
The two most common margins of victory are three and seven points because of the type of scoring in the NFL. The most common betting line for a point spread is A line on either side is like paying a tax or commission to the sportsbook. Bettors would pay 10 percent aka juice to the sportsbook, which is essentially a fee for brokering the wager. For example, if you see If you see There are three potential outcomes of your point spread wager: you win, you lose or you push a tie. Typically, a point spread has odds of for either side of the bet.
In the example above between the Cowboys and Giants, the point spread is 4. A losing bet is quite simply you betting on the Cowboys Brian Pempus Editor Published: Jul 26, , am Forbes Advisor receives compensation from partner links on this page. Winnings are not guaranteed, and you may lose all of your wagered funds. Then point-spread wagering was made for you. What follows is a primer on how to wager on point spreads, including examples from multiple sports.
Spread Betting Explained A point spread is nothing more than a bookmaker giving one team or player a head start in a game or event. In sports betting, this head start comes in the form of points football, basketball , runs baseball , goals soccer, hockey , strokes golf and games or sets tennis.
That number, established by oddsmakers, is called the point spread. You can win that bet one of two ways: The Titans defeat the Colts win outright or lose by one, two or three points. That means the Colts not only must win the game, but they have to prevail by a margin of at least four points.
Regarding spread betting, remember this: If you bet on the favorite Any point spread that has that extra half-point or half-run, half-goal, etc. Phoenix Suns matchup: Point Spread: Bucks Why Did the Spread Move? Why do sportsbooks make these adjustments? In this case, the book might adjust the point spread to Weather: Obviously, this pertains to outdoor sports only, but inclement weather—wind, rain, snow, etc.
That said, poor weather more often leads to line moves with totals i. This fee is displayed in the same manner as moneyline odds. The standard odds for spread wagers is for both the favorite and the underdog. Who Keeps the Vig?
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BETTING AGAINST THE SPREAD WEEK 12
Leverage means that you'll only need to use a little bit of capital in order to open a larger position. In simple terms, this means you can put down a small deposit to open your position instead of having to pay a large amount. One thing to keep in mind, though, is that both profits and losses are much bigger because everything is determined by using the full trade value instead of the smaller deposit that you originally put down.
What is Margin in Spread Betting? There are two different types of margins in spread betting, which are deposit margin and maintenance margin. Deposit margin is the initial deposit you put down to actually open a position while maintenance margin is the amount you'll put in if your position starts accumulating losses that can't be covered by the deposit you put down. The good thing is you'll get something called a margin call, which is just a notification saying that you need to add more money and the reason why.
Moneyline Betting Explained Main Features of Point Spread Betting There are three main features of spread betting, which are the point spread, the favorite, and the underdog. Keep reading to see a more in-depth explanation of these below. The bigger the spread is, the bigger the underdog will be. Every sport and match or game is different, so make sure you know how to read multiple point spread bet types. They use many things to figure this out, including how many people have bet on the team, how they've been doing during the season, how many players have been injured, and which team has home-field advantage.
The Underdog The underdog is the team that isn't as popular and has a lower chance of winning. They are the team that has the plus sign in front and they usually lose more games than the favorite. With that said, though, there's nothing that says they can't come out on top. The simple reason for this is because the sportsbook has the right to shift the odds and spread whenever they want.
You have to remember they'll want to try and come out even, so they'll shift the odds and spread more towards their favor. This is something you want to watch because you never know when it'll change. If possible, try and check the lines multiple times a day to ensure you're staying up-to-date on exactly what's going on. There are a few instances when it's a good idea to bet on a point spread.
The first is when both teams are relatively equal because there's a higher chance that you can win your bet. Another instance is if you're trying to get a larger return. These bets can give a great payout, but they can also cause you to lose a nice chunk of change. The final instance is when you know what you're doing and completely understand spread betting because placing a bet when you aren't sure what you're doing can lead to losing quite a bit of money.
Benefits of Point Spread Bets Some of the benefits of these types of bets are listed next. Don't have to choose a team to win Chance for a high return Point Spread Betting Strategies How to bet on Super Bowl Predict and Exploit Sometimes, an extra half-point or full point could mean the difference between winning and losing your bet.
The easiest way to do this is to watch the lines leading up to the game and decide if you want to bet now, later, or not at all. Remember, though, once you place your line bet, you're locked in and can't change it. All you do is take the games you think you'll be interested in betting on and put down what you think the spread will be.
Once you have everything down, you'll be able to look at the actual lines and see how far off you were. Simply put, if you see that the lines are equal or more in your favor, place your bet! The Public and the Sharps If you're planning on betting on the underdog, you should wait until a few days before the game. As it gets closer, more people in the general public are going to be placing bets and the amounts will go up.
Try to wait as long as possible before placing your bet. If you see a lot of movement earlier in the week, that's probably because of bettors that have a lot of money on the line. This is a good way to see where you should put your money. How to understand betting odds?
Double Down Let's say you place a bet on Team A to win. If you see that everything is moving more in your favor, don't be afraid to double down and place another bet. This could lead to winning double the money! How Point Spread Are Used in Different Sports Even though point spreads are used across multiple sports, they're all read pretty much the same way. The only difference is how they score. For example, football would be goals, basketball would be points, and hockey would be goals.
It'll all depend on the game and if you aren't sure, you can reach out to the pros handling your money. How To Read a Point Spread It's actually really easy to read spread bets once you know what you're doing. Let's say Team A is The minus means that Team A is the projected favorite and the plus means that Team B is the underdog. With Team A, they'll have to win by 7 or more points for you to win your bet and Team B will need to win or lose by less than 7 for you to win your bet. As we will explain below, this is in an effort to try to keep the amount of bets on each team roughly the same in order for sportsbooks to turn a profit.
Taking the opening game of the season for an example, the Dallas Cowboys play at the Tampa Bay Buccaneers. The Bucs are listed at -6 for the point spread, meaning that if you bet on Tampa Bay, they must win by more than six points for you to win the bet. If they win the game or lose by less than six, you win the bet. The over-under for this game is set at 53, which means you simply bet whether you think the combined point total of the game will be over or under The moneyline means that you bet on which team you think is going to win, and instead of giving up or getting points to increase or decrease the odds of victory, the odds are factored into the amount you bet.
It also promotes more action on lopsided games. When a team is more than a point favorite, they have very little chance of losing that game, so hardly any people would bet on the underdog, and the sportsbooks would be liable to lose lots of money. Upsets do happen, of course, but by evening the playing field so to speak, betting on that point underdog to lose by less than 10 is a lot more acceptable than placing a wager on that underdog to win outright.
As discussed above, a team with a minus before the spread number is the favorite. Tampa Bay at -6 means that the oddsmakers do not necessarily predict that the Bucs will win by six, but they believe putting the spread at -6 will garner an equal amount of betting for the Buccaneers and Cowboys. If the bets are split , the sportsbook uses the losing bets to pay the winners. This is essentially a service fee that the sportsbook takes for placing your bet and assuring that you will get paid if you win.
Simply put, this is how the house makes money and why they are motivated to try to keep the number of bets on each side as even as possible. Oddsmakers come up with point spreads through a process called handicapping. While there are several statistical factors that go into the spread that the oddsmakers come up with quality of the teams, who is the home team, how the teams are playing recently, and any key injuries , there are also psychological factors as well.
That means casual bettors think tourists who go to Las Vegas once a year and make a few wagers for fun will place more emotional bets on teams that they like. So, oddsmakers will work this bias into their point spread, meaning that a bet on Dallas may not offer good value in reality. To figure this out, you can handicap games yourself. You can do the research yourself and see how the result compares to the spread the oddsmakers set. We will get into this in more detail below.
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