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Point Spread Hockey What is a point spread? VideoWhat Is Point Spread Betting? - Betting The Spread Explained - Sports Betting 101
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Point spread betting is the second most popular way to bet on sports behind the moneyline. But what does point spread mean and how do you use it?
Read this ultimate guide to find out. In other words: Point spread betting is predicting which team will exceed expectations.
How Does Point Spread Work? Imagine that the Denver Nuggets were to play the Boston Celtics in an NBA game. Sportsbooks first predict the outcome of the game and by how many points.
This also means that they think Denver will lose by 3. So, with all this in mind, we end up with an NBA point spread that looks like this:.
Here are the possible outcomes for a bet on Boston:. And here are the possible outcomes for a bet on Denver. Sportsbooks use half-point spreads to ensure one side of the line wins.
Well, it open s the door to a tie scenario. And sportsbooks hate not making money. This is why they prefer to use half-point spread lines. This is the ideal situation for the sportsbook.
So, sportsbooks must try to attract and prevent action to get their ideal situation. Few people doubted that Carolina was the better of the two teams, so the majority of bettors would have taken the Panthers if they had only been required to pick the winning team.
So the sportsbooks and bookies created a point spread to make both teams equally attractive in the eyes of bettors.
Carolina was installed as a 6-point favorite, which is commonly written as Carolina If you bet the favorite, the Panthers would have to win by 7 points or more for you to win your wager.
And remember, the Panthers are favored by 6 points, so we have to subtract 6 points from their final score for betting purposes.
If Carolina were to win , Panthers' bettors would win their wager. If the Panthers were to win , Carolina bettors would lose because they did not win by more than those 6 points.
If you bet the underdog, you'd win your bet if the Broncos won the game outright or if they lost by 5 points or less. Because the Broncos are the underdogs, we would add 6 points to their final score for betting purposes.
Sports books are generally permitted to state "ties win" or "ties lose" to avoid the necessity of refunding every bet.
Betting on sporting events has long been the most popular form of spread betting. Whilst most bets the casino offers to players have a built in house edge, betting on the spread offers an opportunity for the astute gambler.
When a casino accepts a spread bet, it gives the player the odds of 10 to 11, or That means that for every 11 dollars the player wagers, the player will win 10, slightly lower than an even money bet.
If team A is playing team B, the casino is not concerned with who wins the game; they are only concerned with taking an equal amount of money of both sides.
This is the house edge. The goal of the casino is to set a line that encourages an equal amount of action on both sides, thereby guaranteeing a profit.
This also explains how money can be made by the astute gambler. If casinos set lines to encourage an equal amount of money on both sides, it sets them based on the public perception of the team, not necessarily the real strength of the teams.
Many things can affect public perception, which moves the line away from what the real line should be. This gap between the Vegas line, the real line, and differences between other sports books betting lines and spreads is where value can be found.
A teaser is a bet that alters the spread in the gambler's favor by a predetermined margin — in American football the teaser margin is often six points.
For example, if the line is 3. In return for the additional points, the payout if the gambler wins is less than even money , or the gambler must wager on more than one event and both events must win.
In this way it is very similar to a parlay. At some establishments, the "reverse teaser" also exists, which alters the spread against the gambler, who gets paid at more than evens if the bet wins.
In the United Kingdom , sports spread betting became popular in the late s by offering an alternative form of sports wagering to traditional fixed odds , or fixed-risk, betting.
With fixed odds betting , a gambler places a fixed-risk stake on stated fractional or decimal odds on the outcome of a sporting event that would give a known return for that outcome occurring or a known loss if that outcome doesn't occur the initial stake.
The spread on offer will refer to the betting firm's prediction on the range of a final outcome for a particular occurrence in a sports event, e.
The more right the gambler is then the more they will win, but the more wrong they are then the more they can lose. The level of the gambler's profit or loss will be determined by the stake size selected for the bet, multiplied by the number of unit points above or below the gambler's bet level.
This reflects the fundamental difference between sports spread betting and fixed odds sports betting in that both the level of winnings and level of losses are not fixed and can end up being many multiples of the original stake size selected.
For example, in a cricket match a sports spread betting firm may list the spread of a team's predicted runs at — If the gambler elects to buy at and the team scores runs in total, the gambler will have won 50 unit points multiplied by their initial stake.
But if the team only scores runs then the gambler will have lost 50 unit points multiplied by their initial stake.
It is important to note the difference between spreads in sports wagering in the U. In the U.