If all the money at one sportsbook comes in on Team A and all the money comes into a second sportsbook on Team B, they’re both going to adjust their lines accordingly to what is going on in their book. This means that if you want to bet on Team A, you should go to the second sportsbook where the line will be great. If you want to be on Team B, you should go to the first sportsbook where the line will be better.
The point spread is essentially a handicap towards the underdog. The wager becomes "Will the favorite win by more than the point spread?" The point spread can be moved to any level to create an equal number of participants on each side of the wager. This allows a bookmaker to act as a market maker by accepting wagers on both sides of the spread. The bookmaker charges a commission, or vigorish, and acts as the counterparty for each participant. As long as the total amount wagered on each side is roughly equal, the bookmaker is unconcerned with the actual outcome; profits instead come from the commissions.
Some professional or seasoned bettors only use the point spread bets and are wildly successful. Their success comes from making correct picks, not from overcomplicating the situation. We're going to walk you through the basics, and the mechanics of a basketball point spread bet, discuss the popularity and benefits, and offer some tips and strategies to help get you moving in the right direction towards profitability with these bet types.
The Patriots are set to take on the Rams in the greatest show on turf and money has been flowing into both sides of the Super Bowl 53 point spread. The Patriots are -3 for SB LIII according to most legal online sportsbooks but some have them listed only at -2.5. The Rams and Patriots are both offensive minded, and capable of scoring quickly; therefore, the winner will likely be whoever scores last in the game (-180). There is still no discussion of whether the roof will be open or closed at Mercedes-Benz Stadium in Atlanta, so weather may or may not play a factor here. Either way, make sure to get in your bet on the spread for Super Bowl 53, whether you choose the Patriots or Rams, before the 6:30 EST kickoff on Sunday, February 3rd.
As you may already be assuming, adjustments are made if you want to bet on the Razorbacks. The point spread for the Razorbacks would be set at +7. It will always be the exact opposite of the other team. As the negative sign represents the favorite, the plus sign here represents the underdog. If you were to bet on the Razorbacks, they can actually still lose, and you win your bet.
As the numbers grow larger each way – the small numbers get smaller or the positive numbers get larger – that indicates that those options are bigger and bigger favorites, or bigger underdogs. That’s particularly relevant when you’re looking at something like the odds to win the Super Bowl. The teams with smaller numbers are deemed as having a better chance of winning and then as the numbers grow larger, those teams are deemed bigger and bigger longshots.
If you are betting on a sport where there are multiple entrants, like in a race or tournament, you may find that every entrant is paying out at favorite odds. This is because it’s much more challenging to pick a winner from a large field, and the sportsbook will be rewarding you for that. Just know that when you see the plus sign, you will be getting paid better than even money for a correct pick.
Just like the minus and plus values on the point spread, those values designate underdogs and favorites in moneyline betting. In this case, Toronto is favored at -185 (bet $185 to win $100), and Baltimore is listed as the underdog at +165 (bet $100 to win $165). In explaining the concept of moneyline betting further, it might help to view the number 100 sitting between the favorite and underdog values: +165 +100 -185
That’s easy to understand because of the payouts. If a team is heavily favored, that means they’re perceived as having a better chance of winning. If that’s the case, then you would win less money betting on them. The opposite is true for the underdog: they’re deemed as having a smaller chance of winning, which means you would get a bigger payout if you bet on them (and they won).
Remember with bets like this you can still be profitable by betting several options. Let's say you think Chelsea is going to win, but you also think Manchester United, Liverpool, and Everton also have a shot. If you were to place a $100 wager on all four of these teams, you would still turn a profit! Let's pretend you did this and say that your last pick Everton pulls it off and wins the regular season according to the sportsbook. Remember, they don't have actually to win, they just need to be on top after the sportsbook makes the point spread/handicap adjustments to the final rankings.
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