Point spread betting explained variation
Even if they win by just one point, this bet would lose. The underdog If oddsmakers believe the Chiefs are the likely winners, that makes the San Francisco 49ers the likely losers and, therefore, the point spread underdogs.
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. Point spreads are handicaps placed on a team based on whether they are expected to win or lose by a certain margin.
Oddsmakers attempt to reach a specific number line for spreads that they believe would make the forecasted final score closest to even. Spread vs. Moneyline Betting One other popular type of betting is placing wagers on the moneyline. A moneyline wager is a bet placed on who will win or lose a game or contest regardless of spread.
The payout is simply This is very different from the spread, which oddsmakers set to make the teams competing as even as possible, taking into account the perceived strengths and weaknesses of each side. A favorite will always be surrendering points, i.
This basically defeats the purpose of the spread and makes it so that the moneyline is the only bet available in most cases. What is a Spread Betting Example? The Heat are listed as nine-point favorites, drawing a spread of If the Heat win the game by more than nine points, they will be the winning side against the spread ATS.
If the Magic lose the game by fewer than nine points or win the game outright, they will be the winning side against the spread. In the event that the final score results in the Heat winning by exactly nine points, i. Reading a Point Spread Point spread bets are appealing because of their simplicity. In addition to the spread number, there are also odds attached to each spread.
The vigorish, also known as juice, can be seen on each spread bet before placing your wager. This ensures that bettors are laying far less juice to make these types of bets than they otherwise would on something like a lopsided moneyline. It can be seen in other sports, as well. For the favorite to cover, they must win by more than seven points. This means that the underdog must win outright or lose by exactly one point to cover the spread.
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| Point spread betting explained variation | Spread betting has its own allure given the simplicity of the wager type and the ease in following along during a game in the context of each spread wager. But, what happens if Duke beats North Carolina by exactly 3 points? At the expense of the market maker, an arbitrageur bets on spreads from two different companies. Even if they win by just one point, this bet would lose. McNeil, a mathematics teacher who became a securities analyst—and later a bookmaker—in Chicago during the s has been widely credited with inventing the spread-betting concept. |
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In this betting guide , we will go through everything you need to know about Las Vegas betting odds. Las Vegas has always been the reference within the industry, and it remains this way as legal sports betting continues its expansion across the US. That also applies to all different betting markets.
In order to understand how Las Vegas betting odds work, you first need to understand how to read them. Betting odds are usually presented in three different formats. British odds indicate how much you are going to profit. Decimal odds indicate your total payout, which consists of your original bet and the profit. In order to find out the profit, you need to subtract your initial wager from the total payout. Las Vegas online sportsbooks also offer a wide range of betting markets.
Moneyline Bets: This one is by far the most popular market. In a moneyline bet , you are wagering on the outcome of a match. Point Spread Bets: A point spread is a slightly different way to bet in the outcome of a match. In this case, each team is given a handicap, which is negative for the favorite and positive for the underdog.
In order to cover the spread, the favorite must win by a margin larger than its handicap. The underdog, on the other hand, will cover the spread if it loses by a margin smaller than the handicap, or if it simply wins by any margin. Future Bets: Just as the name suggests, you are wagering on a future event.
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. Finally, make sure you're using stop losses to ensure you're in a favorable position if the market turns on you and you'll be able to lock in winnings without accidentally losing them all back. Betting Spreads FAQ We understand that betting spreads can be confusing, so we put the answers to some of the most frequently asked questions below.
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