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To win this point spread bet with the 49ers, San Francisco would need to win the game outright or lose by one point exactly. If they lost by two points or more, this bet would lose. The vig For many wagers with handicaps, sportsbooks assign a second set of odds that serves as the price of placing the bet. These prices are known as the vig or the juice. For our example above, the sportsbook assigned of vig of to both the favorite and the underdog.
Covering the spread Kansas City ended up winning that Super Bowl The point margin of victory was greater than the Which team will cover the spread? The first thing you need to decide on is which team you think will cover the spread. Do you want to lay the points by betting with the favorite or do you want to take the points by betting with the underdog? Why does the point spread change? The point spread, like all sports betting markets, is an active market.
Oddsmakers can and will move the spread based on a number of factors, including: Which side professional bettors are wagering on The amount of money taken in on one side of the spread versus the other Breaking news that relates to the game injuries, weather, etc. What does mean? You also need to understand how odds work in point-spread betting. This is called the vig short for vigorish or the juice.
It is a price that the sportsbooks charge to bet into this market and is similar to the rake in poker. How much can I win? Use our betting calculator to find out exactly how much you can win based on different odds and different wager amounts. How is a point spread determined? The biggest factor that oddsmakers look at when making a point spread is the difference in skill level between the two teams.
Most oddsmakers will have their own set of power rankings that will help determine the spread for each game. There are other factors that come into play as well, including: Current form Location of the game home-field advantage Injuries Weather Point spread betting in baseball The point spread in baseball odds is often referred to as the run line.
In MLB, the run line is almost always set at 1. Here, the Houston Astros The Nationals won the game outright, so they covered the run line, but it also could have lost by one run and still covered. Learn more about betting on the run line Point spread betting in hockey The point spread in hockey odds is often referred to as the puck line.
In the NHL, the puck line is almost always set at 1. Above we see that the Boston Bruins Boston won the game outright , but Dallas covered the puck line because it only lost by one goal. 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. If Team A doesn't win by 7 and Team B either doesn't win or loses by more than 7, then you won't make anything.
Managing Risk in Spread Betting The great thing is that there are multiple tools that you can employ to manage your risk. For starters, you'll want to make sure you know the market you're betting on because it's never a good idea to go in blind. You'll also want to make sure you have earnings reports to ensure you know where your wins and losses are.
What is the payout on a point spread? However, what does the next to the point spread mean? In terms of odds in the point spread, positive numbers are rare, since the sportsbook is already giving you points in the margin of victory for picking the underdog. The odds are determined as a percentage. Both land-based and online sportsbooks hire oddsmakers and have algorithms to determine the initial point spread. The goal of a sportsbook is to set the line perfectly and encourage the same amount of money to be placed on both football teams, which will guarantee a profit regardless of the winner.
Why does the point spread change? This goes both ways too. If the public believes the favorite is being overvalued, and more money is placed on the underdog, the margin of victory will close and possibly even flip to the underdog being favored.
Point Spread Summary The key thing to realize is the point spread is not the predicted margin of victory between two teams like media and news outlets often portray. In reality, the point spread is the margin of victory given to the favorite that will encourage both the favorite and the underdog to have an even amount of money bet on them, guaranteeing the sportsbook a profit as a result. If a sportsbook loses any money on a point spread, then the line or odds were not set correctly by the oddsmaker.
You likely have a predicted outcome in mind for the matchup you want to bet on, but to be successful, you must find value when the odds and the point spread, betting only once both are in your favor. 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
Aug 01, · A point spread bet on the Rams means you need them to defeat the Steelers by at least seven points to win your bet. If LA wins by 6 points or fewer—or loses . NFL point spread betting gives the perceived weaker side in the game a headstart of a specific number of points. The spread can be in whole points, making a tie possible or with Missing: definition. Jan 29, · The point spread is the expected final score difference between two teams. It is represented as both a negative and positive number; if the spread is 3 points, you'll see that .