Point Spread & Against The Spread Betting Explained
Taking points refers to the favorite in sports betting, which is the opposite of giving points. Iowa legalized sports betting in 2019, becoming the 11th state to pass a bill. Iowa legalized sports betting in May 2019, becoming the 11th state to do so. Michigan passed legislation to allow sports betting in December 2019 and the first physical sportsbooks opened in March 2020.
The amount of the spread can range widely from sport to sport and event to event. Point spread bets are mainly used for basketball and football betting, both on the college and pro side. A spread is a number installed by oddsmakers that attempts to level the playing field between two teams.
The total is set and periodically adjusted to ensure that half of the people will wager on the over and the other half will wager on the under. The Huskies rallied late and took a lead on a free throw with 3.2 seconds left. The game itself was over; Duke couldn’t score twice in a few seconds. But Duke guard Chris Duhon pulled up for a running 3-pointer just over the half-court line and banked it in at the buzzer. March Madness is a huge event for bettors, and reports at the time estimated that Duhon’s “meaningless” shot resulted in a $30 or $40 million swing in Nevada.
For you, it means that you have tied up money in a bet that could have been earning you money in another bet. Throw in a tiny margin like 2.5 points, and it’s no wonder smart money often lays off championship games. If you’d bet $100 on the Patriots, you’d win a $90 payout at the standard ten cent line. If you wagered $100 on the favored Seahawks, you’d be out your $100. Alternative point spreads offer more or fewer points to a certain team in exchange for altered odds. If the Saints are -7 against the Buccaneers, for example, a site may offer an alternate spread of -6, so you could get the Saints at -1 or -13.
There are also Points Betting options for player or game prop bets. The -110 next to each team means that you will have to wager $1.10 for every $1.00 in potential winnings. For example, if you wager $110 on the game and win the bet, you’ll receive $100 in winnings.
Every point or yard in a football game could change how much is won or lost. When taking points, bettors are wagering on an underdog that’s perceived to be inferior to the favorite. Along with odds shopping, players need to follow a proper research path prior to betting on underdogs.