Point Spread Betting 101: What is Point Spread?
This form of wagering, prevalent in sports like basketball and American football, is a game-changer for many bettors. Instead of just predicting who will win, point spread betting adds a layer of complexity by requiring you to figure out by how much a team will win or lose. This method of betting levels the playing field, making every match interesting, regardless of the teams’ perceived strengths.
Getting to Know Point Spread Betting
So, what is point spread betting? Simply put, it’s a way for bookmakers to level the playing field between two teams. For example, if Team A has a point spread of -3, they must win by more than 3 points for a bet on them to payout. Conversely, if Team B has a point spread of +3, they can lose by up to 2 points, or win the game, for a bet on them to be successful.
Definition and Basics of Point Spread
Point spread, in the most straightforward terms, is a betting system where a margin of victory is established by the bookmaker.
Here are the fundamental principles behind point spread:
- The favourite team, expected to win, is assigned a negative point spread (e.g., -3). They must win by more than this spread for bets on them to payout.
- The underdog, expected to lose, gets a positive point spread (e.g., +3). They can lose by less than this spread, or win outright, for bets on them to be successful.
- If the favourite wins by exactly the spread, it’s a push, and all bets are refunded.
- Point spread betting is particularly prevalent in sports where scoring is high, like basketball and American football.
Explaining Point Spread with Examples
Imagine the London Lions are playing against the Birmingham Bulls, and the Lions are favourites. The bookmaker might set the point spread at -4 for the Lions. This means the Lions need to win by more than 4 points for a bet on them to payout. If they win by exactly 4 points, it’s a ‘push’, and all bets are refunded. However, if they win by less than 4 points or lose, a bet on the Bulls would be successful.
Now, consider a different sport – basketball. The Manchester Monarchs are playing the Liverpool Leopards, with the Monarchs being the underdogs. The bookmaker assigns them a point spread of +8. The Leopards must win by more than 8 points for a bet on them to payout. If the Monarchs lose by less than 8 points or win, a bet on them wins.
Diving into Point Spread Betting in Different Sports
In basketball, for instance, the scoring is typically high, leading to larger point spreads. With this, every point counts, and it makes every shot crucial. This adds an extra layer of excitement and suspense to each game.
American Football works similarly, though the point spreads tend to be smaller because scoring is less frequent. This makes every touchdown and field goal critical, as they significantly influence the result against the spread.
Baseball and hockey, on the other hand, have lower scoring games, leading to point spreads often set at 1.5. Due to this, the underdog can still lose the game, but win against the point spread.
Despite the differences, the core remains the same: the favourite must exceed the spread, while the underdog must stay within it.
Tips for Successful Point Spread Bets
To enhance the chance of a successful wager, here are some practical tips:
- Understand the Game: To bet proficiently on the point spread, it’s crucial to understand the rules, teams, and players of the sport you’re betting on.
- Analyse the Teams: Look at how the teams have been performing recently. Are they on a winning streak? Do they perform well against their upcoming opponent? This insight can provide valuable context for your bet.
- Watch the Line Moves: Keep an eye on how the point spread changes in the days leading up to the game. If the spread moves significantly, it might indicate important information about the teams or players.
- Consider the Venue: Home advantage can play a significant role in sports. Consider where the game is taking place before placing your bet.
- Think About Key Numbers: In sports like football, certain numbers (like 3 and 7, the most common margins of victory) are considered ‘key’. A spread of 2.5 or 3.5 in such a sport could significantly impact your bet.
What Does Covering the Spread Mean?
In the realm of point spread betting, “covering the spread” is a term often thrown around. Simply put, covering the spread refers to a team exceeding their predicted performance in a game.
For favourites, this means winning by a margin greater than the spread. For example, if a team has a spread of -7, they cover the spread by winning by more than seven points.
On the other hand, underdogs cover the spread by losing by less than the spread or winning outright. If their spread is +7, they cover the spread by losing by fewer than seven points or winning the game.
Wrapping Up: Become a Point Spread Betting Pro
In conclusion, understanding point spread betting is an essential tool for any sports bettor. One needs to get familiar with the concept of favourites and underdogs, and how the point spread levels the playing field between them. The NFL point spread example gives a vivid illustration of this betting system.
Mastering point spread betting also requires a keen eye on the teams’ performances, line movements, game venue, and key numbers. These factors can drastically influence the outcomes of your bets. Remember, a team covering the spread is a vital part of point spread betting, as it determines whether a bet is victorious or not.
Point Spread Betting – FAQ
What is point spread betting?
Point spread betting is a method used by bookmakers to level the playing field between two teams by setting a margin of victory. It requires bettors to predict not just who will win, but by how much, adding a layer of strategy to betting on sports like basketball and American football.
How does point spread work?
In point spread betting, the favorite team is assigned a negative spread and must win by more than this margin for bets to pay out. Conversely, the underdog is given a positive spread and can win the bet by losing by less than this margin or winning outright.
What does it mean to cover the spread?
Covering the spread means that a team exceeds the performance expected by the point spread. For favorites, this means winning by more than the spread. For underdogs, it means losing by less than the spread or winning the game.
