Point Spread & Against The Spread Betting Explained
However, you normally bet $200 a game and you won’t have that sort of disposable income until you get paid on Friday. After a busy work week, you’re sipping a beer at home, shuffling your fantasy lineup around. You remember that line you wanted to bet, so you open your account and scroll down to find the Lions. A line nudging from +7.5 (-110) to +7.5 (-120) bears noting, but spreads often change much more drastically. And these changes can have sweeping impact on your betting experience.
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If the action continued that way, eventually the odds could change to Wisconsin -1 and cause a reset of the payout, which would likely go back to the starting range near -110. Just as the point spread itself can vary from site to site, so can the exact price for a given point spread. Although the industry standard is -110 on many point spreads, it’s quite common that the payout could stray away from that number. Are you interested in some examples about how spread betting works?
(For that reason, this type of bet is also often called an over / under bet.) For example, the sportsbook might set the total at 66 for a college football game. This means that they predict that the two teams will score a combined total of 66 points. You will then place a wager on whether the actual combined score will be over or under that amount. If you think that one or both teams has a particularly strong offense and it will be a high-scoring affair, you would bet over. If you think it will be a defensive struggle, ending in very low scores on both or either side, then you would bet under.
If they still have more points than the Chiefs, then they “covered.” Therefore, the Patriots will have to win the game by at least 8 points for you to win your bet. One of the essential things in sports betting is a point spread. For games between two games, point spreads are designed to create a balanced bet between both sides. The point spread may be the most important invention in sports betting history. Many games would be unbeatable without it because the moneyline would be too high to bet into it. The favorite is indicated by minus sign (-) followed by the number of points they would need to win by to cover the spread.
The Denver Broncos are “receiving” 6.5 points because they are the underdogs in this matchup. If you place a bet on the Broncos, you will win the bet if they either win the game outright or they lose by less than 7 points. A parlay wager is a wager of multiple straight wagers, including the point spread or the money line.