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The point spread is how teams or sides of varying skill levels are handicapped against one another. Although each team may roster the same number of players, play by the same rules, or even run some of the same plays, the two sides are almost never equal in skill. To account for that inequality between the two teams, a point spread is used to handicap the two sides of a matchup.
In the case that you see a plus sign and a number, that side is the underdog in the matchup. 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.
If you want to bet the Colts on the spread, it would mean the Colts need to win by at least three points for you to win the bet. If the Colts win by two points, you would lose the bet because they didn't hit the key number of three. The spread at -3 suggests the teams are fairly equal and maybe in this case, the Colts are only -3 because they are playing at home. Bookmakers see these teams as equal and expect to receive fairly even money from bettors. In a spread bet , the odds are usually set at on both sides , depending on the sportsbook and state.
If you like the Colts to win but think three points is a tricky number, a moneyline bet could be made on the winning team with no points in the equation. In the above example, a Colts moneyline bet doesn't have any other requirements other than they win the game. The difference is that their odds may be set at to win.
While betting the Colts moneyline leads to a smaller payout, an underdog moneyline bet on the Texans would yield more money because you'd get money on them winning the game straight up. In a spread bet, even if the Texans won straight up, you'd still only win the bet because they lost by less than three points. What is the spread in sports betting? Which states in US have legal sports betting? As of , there are 21 states and Washington D. Can you bet on sports online? But while betting on sports is legal in almost half the states in the country, not all of them allow online wagering.
When was sports betting legalized? When will sports betting be legal in Indiana? Sports betting in Indiana was legalized September and online gambling launched a few months later. Is sports betting legal in Indiana? Indiana passed a bill to allow sports betting in and wagering started in October with online betting opening a couple months later. When will sports betting be legal in Michigan?
Michigan passed legislation to allow sports betting in December and the first physical sportsbooks opened March Is sports betting legal in Michigan? Michigan passed legislation to allow sports betting in December and the first physical sportsbooks opened in March Is sports betting legal in Virginia?
Sports betting is legal in Virginia and residents began betting via FanDuel in January When will sports betting be legal in Virginia? When will sports betting be legal in South Dakota? Sports betting is not legal in South Dakota, but residents passed a ballot initiative in the November election, which means it's on its way. Is sports betting legal in South Dakota?