Be sure to check out our sports betting glossary to assist you with some of the terms used in our sports betting guides. As you can see, Dallas is the 4. Conversely, New York is a 4. The two most common margins of victory are three and seven because of the type of scoring in the NFL. The most common betting line for a point spread is A line on either side is like paying a tax or commission to the sportsbook.
Bettors would pay 10 percent aka juice to the sportsbook, which is essentially a fee for brokering the wager. For example, if you see If you see Typically, a point spread has odds of for either side of the bet. In the example above between the Cowboys and Giants, the point spread is 4.
A losing bet is quite simply you betting on the Cowboys You lose the money that you placed on that bet. In these cases, there may not even be a point spread available for the game and you can only bet on the moneyline.
This is a very common occurrence in sports betting and sportsbooks have the full right to shift the spread or odds for any given match prior to its start. Many factors can influence a change of the spread such as injuries, the number of bets coming in for either team or the weather, to name a few. Depending on the timing of placing the bet, the bettor can also have an advantage or a disadvantage depending on which way the spread has shifted.
If bettors had wagered on Dallas on Monday, that means they would be at a disadvantage compared to bettors who waited until Thursday because the Thursday bettors now only need Dallas to win by four points instead of five. But it can also go the other way:. Yes, in fact, sportsbooks also release spreads for different points in the match like after the first quarter or first half, which is called live betting or in-game betting.
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. In the UK betting above or below the spread does not have a known final profit or loss, with these figures determined by the number of unit points the level of the final outcome ends up being either above or below the spread, multiplied by the stake chosen by the gambler.
For UK spread betting firms, any final outcome that finishes in the middle of the spread will result in profits from both sides of the book as both buyers and sellers will have ended up making unit point losses. So in the example above, if the cricket team ended up scoring runs both buyers at and sellers at would have ended up with losses of five unit points multiplied by their stake.
This is a bet on the total number of points scored by both teams. Suppose team A is playing team B and the total is set at If the final score is team A 24, team B 17, the total is 41 and bettors who took the under will win. If the final score is team A 30, team B 31, the total is 61 and bettors who took the over will win. The total is popular because it allows gamblers to bet on their overall perception of the game e.
Example: In a football match the bookmaker believes that 12 or 13 corners will occur, thus the spread is set at 12— In North American sports betting many of these wagers would be classified as over-under or, more commonly today, total bets rather than spread bets.
However, these are for one side or another of a total only, and do not increase the amount won or lost as the actual moves away from the bookmaker's prediction. Many Nevada sports books allow these bets in parlays , just like team point spread bets. This makes it possible to bet, for instance, team A and the over , and be paid if both. Such parlays usually pay off at odds of with no commission charge, just as a standard two-team parlay would.
The mathematical analysis of spreads and spread betting is a large and growing subject. For example, sports that have simple 1-point scoring systems e. By far the largest part of the official market in the UK concerns financial instruments; the leading spread-betting companies make most of their revenues from financial markets, their sports operations being much less significant.
Financial spread betting in the United Kingdom closely resembles the futures and options markets, the major differences being. Financial spread betting is a way to speculate on financial markets in the same way as trading a number of derivatives. In particular, the financial derivative Contract for difference CFD mirrors the spread bet in many ways.
In fact, a number of financial derivative trading companies offer both financial spread bets and CFDs in parallel using the same trading platform. Unlike fixed-odds betting, the amount won or lost can be unlimited as there is no single stake to limit any loss. However, it is usually possible to negotiate limits with the bookmaker:. Spread betting has moved outside the ambit of sport and financial markets that is, those dealing solely with share, bonds and derivatives , to cover a wide range of markets, such as house prices.
Additionally, by avoiding the favourite-longshot bias , where the expected returns on bets placed at shorter odds exceed that of bets placed at the longer odds, and not betting with one's favorite team, but rather with the team that has been shown to be better when playing in a specific weather condition and time of day, the possibility of arriving at a positive outcome is increased.
In the UK and some other European countries the profit from spread betting is free from tax. The tax authorities of these countries designate financial spread betting as gambling and not investing, meaning it is free from capital gains tax and stamp duty , despite the fact that it is regulated as a financial product by the Financial Conduct Authority in the UK.
Most traders are also not liable for income tax unless they rely solely on their profits from financial spread betting to support themselves.
When betting moneylines — which requires you to pick the winner straight-up — you can get bigger payouts because the likelihood of the worse team winning the game outright is much lower than it just covering the spread. In the above example, Ohio State winning by 7 points or more as a What does it mean when a team is ATS this season? Sports Betting. Best Books. Pictured: Travis Kelce.
Steve Petrella. Download App. What Is a Point Spread? Click a section to jump ahead. Point Spread Definition 2. Point Spread Examples, How it Works 3. What Does Mean Next to the Spread? A minus sign - means that team is the favorite. The Buckeyes need to win by 7 points or more for their bettors to win. Read now. The minus sign means that the final score will have the spread number subtracted from it.
As we said before, not all teams are created equal. Sportsbooks use point spreads to handicap a matchup in an attempt to attract equal betting on both sides and even out the competition. Without a point spread, it would be too easy for bettors to simply take the favorite in every matchup. In a perfect world, sportsbooks and oddsmakers would draw perfectly balanced betting action on both sides of a point spread.
The large majority of point spread bets come with a juice applied to the payout odds. Perfectly balanced betting on both sides would allow sportsbooks and oddsmakers to collect the juice free of liability. The favorite, which is the side with the minus number as the point spread, must win by more than the point spread dictates.
The underdog, which is the plus number as the point spread, cannot lose by more than the point spread dictates. Yes, ties can happen when point spread betting. In the case of a push, all bets are returned to the bettor. In many cases, point spreads will not be an even number. Rather, point spreads will display a half of a number,. More information regarding the hook can be found below, in the section about key numbers.
Point spreads are most commonly used and referred to in football betting. This means that New England is favored by 8 points and that Buffalo is the underdog by 8 points. This final score would result in a push, as it fell on the exact 3-point spread that was being applied. If the final score results as in favor of New England, bettors holding a Patriots -8 ticket would win the bet because the Patriots won by There is where the juice comes into play.
Sometimes, you may see a point spread bet listed with odds of , , or even Because oddsmakers will adjust point spreads as they see fit, another way to alter the handicap is by changing the odds slightly. Sportsbooks and oddsmakers may very well change a point spread to keep the handicap even. Injuries, starting lineups, weather, and volume of bets on one side or the other are a handful of the reasons for a point spread to change.
The stronger team or player will be favored by a certain number of points, depending on the perceived gap in ability between the two teams. The Ohio State Buckeyes are You can read more about how to read American odds , but the number next to the spread is the juice associated with that bet. When betting moneylines — which requires you to pick the winner straight-up — you can get bigger payouts because the likelihood of the worse team winning the game outright is much lower than it just covering the spread.
In the above example, Ohio State winning by 7 points or more as a What does it mean when a team is ATS this season? Sports Betting. Best Books. Pictured: Travis Kelce. Steve Petrella. Download App. What Is a Point Spread? Click a section to jump ahead. Point Spread Definition 2. Point Spread Examples, How it Works 3. What Does Mean Next to the Spread?
A point spread is used in sports betting to even the odds between two unevenly matched teams. Each team is given a point total by the oddsmaker that can either be added or subtracted to the final score, thus factoring into if the bet was won or lost. The - before the 7 indicates that the Colts were the point spread favorites.
If one were to bet on the Colts, the Colts would have to win by a total of 8 points for the bettor to win. If one were to bet on the Bears, the Bears would have to win outright or lose by no less than 6 points for the bettor to win. A 7 point victory by the Colts would equal a push or tie.
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