Point Spread & Against The Spread Betting Explained
If the final score is Philadelphia Eagles 30 – 20 Miami Dolphins, there is a 10-point differential between the teams. Successful sports bettors are often found shopping for the best odds at the lowest risk. This means bettors must win more than 50% of the time to break even. In fact, on point spread betting at -110, the breakeven point comes out to 52.38%. Check out this page for more math behind the vig in sports betting. A Points Betting wager allows a bettor to win or lose based on the outcome of the wager.
A point spread helps even the gap between the favorite and the underdog of a game. If the Philadelphia Eagles are playing host to the Miami Dolphins, you would likely be inclined to pick the Philadelphia Eagles to win the game. But sports betting sites will put a point spread on the game, giving the underdog Miami Dolphins points, to help even the odds. Minnesota Vikings +6.5 (-105)Tampa Bay Bucs -6.5 (-115)A wager on Tampa Bay means needing the Bucs to win by seven or more points to cover the spread. At -115, you must risk $11.50 for every $10 to secure a victory.
Alright, so you now know two of the most important sports betting terms when it comes to point spreads — laying the points and taking the points. It’s useful jargon that you need when hanging out with gambling buddies, having a chat, and discussing the sporting events you’re wagering on. Beyond knowing how a point spread works and being familiar with gambling terms, you also need to know various wagering strategies. MMA and UFC have not always had point spreads available, these are actually quite new offerings that not all sportsbooks offer. Point spreads in the UFC were always offered on the fight card as a whole, not individual fights.
On its most basic level, a point spread bet is a wager on the difference between the winning side and the losing side of a sporting event. A point spread bet can take several forms; however, what you’re betting on is not who wins or loses, but how much they win or lose by. The purpose of basketball point spread betting is to determine by how much a basketball team will win a game or lose a game. A point spread bet is a wager on the margin of victory in a sporting event, most commonly associated with football and basketball. When it comes to point spread betting, and you bet against the spread, it won’t be enough for the favorite to win the game outright.
In both instances, oddsmakers let you know which team they believe is the favorite and how much of a favorite. You might think that Alabama winning is a safe bet and an easy way to make money. But that’s why bookmakers force you to risk a large amount of money to earn a substantial payout. In a perceived mismatch like Alabama vs. Vanderbilt, the betting matchup might be Alabama (-500) vs. Vanderbilt (+400). This means you would have to bet $500 on Alabama to receive $100 in profit if the Crimson Tide wins. As you may know, it’s possible to ignore the point spread of a game and make bets only based on the moneyline.
One area where bettors have many more options than they did before is the market of alternate lines. Football and basketball are the most synonymous with spread betting. However, it’s good to keep in mind where the other sports come into play when wagering. The point spread is essentially a handicap towards the underdog. The wager becomes “Will the favorite win by more than the point spread?” The point spread can be moved to any level to create an equal number of participants on each side of the wager.