It is a very good idea to shop around to find the best line when you are betting on sports. Books may offer slightly different lines, and you might be able to gain a point or half a point in your favor on certain markets. Consider an NBA game between the Heat and the Lakers – one firm has the Heat 9.5 point favorites and another have the Heat as 8.5 point favorites. You back the Heat with the second firm and they win by exactly nine points. Here you’ve gone from a loss to a win simply by shopping around, and in the long run this will make a big difference to your bottom line.
These are the point spread bets available for three preseason NFL football games. Let's start by identifying all of the elements of these bets so that you know what you're looking at. The first column is the two teams that are competing. This should be pretty straightforward. The next thing you will see is a plus or minus sign on each team's line. Teams with a minus sign in front of the number are the favorites and teams with the plus signs are the underdogs. In the above examples, the Chiefs, Seahawks, and Chargers are all the favorites. The Bengals, Broncos, and Cowboys are all underdogs.
In cases when there is a point spread and moneyline offered on an event, such as an NFL football game, many bettors will place a wager on the moneyline and point spread of an underdog they feel has a chance to pull the upset. They will safely bet the point spread because they feel the game will be close, but will also put themselves in line for a nice payday if the underdog wins straight-up.
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A good rule of thumb with sports betting is that the sportsbook is going to put more time, effort, and resources into setting their lines on the sports and leagues that have the most action. This is a completely smart move on their part as it's where they stand to lose the most money if they make a mistake. What this means is that the smaller sports and leagues are much more likely to have bad lines or lines that don't respond as quickly to trends as they should. Regarding basketball, this means you may have more luck looking into college basketball or even the smaller European leagues. If you do choose to go this route, make sure that you do all of your homework and are not just jumping into a new league blind. College basketball and Euro league betting are NOT the same as NBA betting even though they are the same sport. This does not mean you can't bet the NBA and that you won't find great lines; it just means that the bad lines are more likely to be corrected quicker as the sharp bettors will jump all over them, and the sportsbook will adjust.
Point spreads are more common in the United States, but you can see them throughout the world. A point spread, in theory, is the sportsbooks attempt to create a "level playing field." Let's look at an exaggerated example that will make this clearer. Let's say the New England Patriots are playing a game against a junior varsity high school football team. They're also using deflated footballs, and the Patriots get to see the high school team's playbook before the game. If a sportsbook were to allow you to bet on which team would win, everyone would bet on the Patriots as they would probably annihilate this other team.
All relative events must be completed within the same day/session as listed in conjunction with the offer. Should this not be the case, bets placed on the offer will be fully refunded except for those offers whose outcomes were decided prior to the abandonment and could not possibly be changed regardless of future events, which will be settled according to the decided outcome.
This arrangement tells us a lot: which team is home (listed on bottom, in this case the Seattle Seahawks), which team is the underdog (listed with a plus sign next to their name, in this case the New England Patriots), we know which team is the favorite (listed with a minus sign next to their name, in this case the Seattle Seahawks), and we know the point spread (2.5 points).
One important assumption is that to be credited with a win, either team only needs to win by the minimum of the rules of the game, without regard to the margin of victory. This implies that teams in a winning position will not necessarily try to extend their margin—and more importantly, each team is only playing to win rather than to beat the point spread. This assumption does not necessarily hold in all situations. For example, at the end of a season, the total points scored by a team can affect future events such as playoff seeding and positioning for the amateur draft, and teams may "run up" the score in such situations. In virtually all sports, players and other on-field contributors are forbidden from being involved in sports betting and thus have no incentive to consider the point spread during play; any attempt to manipulate the outcome of a game for gambling purposes would be considered match fixing, and the penalty is typically a lifetime banishment from the sport, such is the lack of tolerance for gambling in sport.
It is a pretty simple concept once you get the hang of it, and you will also start to see profitable opportunities in football and hoops where wagering on the moneyline makes more sense than betting the point spread. If you really like an 8-point underdog in the NFL and think they will win, you can take the 8 points and hope they cover the spread. Or you can check out the moneyline option where they might be +280 and make more money betting them to win ($280) than on the point spread ($100).
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.
These are the handicap bets that we have already talked about. These are your straightforward bets that pay out according to the spread and odds posted. Draws are treated as a loss with this format. If you just scrolled to this section first, scroll up and read the general section about handicap bets because this type is addressed extensively with some great examples there.
Score three is usually the one that confuses people. Remember, when betting on point spreads, the favorite has to win by more than the number of points they are projected to win by. The underdog can lose the game, and you can still win your bet as long as they don't lose by more points than they are spotted. In the above example, if you were to bet on the Chargers at +3, you can imagine that like you have three bonus points to play with. You can lose by one point or by two points and still win the bet. If you bet the Chargers at +3 and lose by three points, it is a tie.
Apply the money line. It's easiest to think of money lines in relation to $100. A minus sign means you have to bet that much money in order to win $100; a plus sign means that a $100 bet will return that much money. If you bet on Chicago at -110, you'll have to wager $110 in order to get back $100 (plus your original $110). If you bet on Detroit at +145, then a $100 bet will give you $145 (plus your original $100).
Winning at sports betting is challenging. If it were easy, everyone would quit their jobs and do it, and sportsbooks would all be out of business. What makes it so challenging is that the lines are usually set pretty spot on which means it's a bit more challenging to pick the correct side of the bet. That being said, it's definitely not impossible to make money betting basketball point spreads. You'll have to develop a winning strategy and continually tweak it until it's perfect. Here are a few tips and strategies that will help point you in the right direction.
One of the biggest factors you will see change the moneyline odds is the news media. The news does a great job of sensationalizing stories as well as reporting changes that may or may not have an effect on an upcoming game. Recreational bettors have a tendency to overreact to news stories, especially ones that pull on the heartstrings. This can create some really awesome betting opportunities for you to jump on. Expert bettors and sportsbook executives always say that if you can be on the opposite side of the general public on a bet, you’re probably in a good spot.
The second way is “eyeballing it.” If two teams play 10 times, how many times do you think a certain team is going to win? If you say they are going to win 6 times, then you think they are going to win 60% (6/10) times. Looking at it as a series of multiple games makes it a lot simpler for you to grasp and predict. Then, you just convert that number to a percentage and compare it with the implied probabilities offered at the sportsbooks. If there is value, go for it.
Anybody who wagers on the 49ers would need them to win by 7 points or more for a winning bet. Those betting on the Rams (+6.5) would need them to lose by 6 points or less (or win) for a winning wager. It's also worth mentioning that a half point is used in many point spreads (such as the -6.5/+6.5) to prevent pushes because no team can score half a point.
The point spread - also called "the line" or "the spread" - is used as a margin to handicap the favorite team. For betting purposes, the oddsmaker predicts that the favored team will win by a certain number of points. This number of points is the point spread. The favorite is always indicated by a minus sign (e.g. -5.5) and the underdog by a plus sign (e.g.+5.5). If you bet on the favorite, you win your bet if the favorite wins AND their margin of victory is greater than the point spread. If you bet on the underdog, you win if the underdog wins, ties, or if the favored team wins but fails to exceed the point spread. It is standard for point spread bets in most sports that you wager $110 to win $100.
There is no such thing as a half point in sports, but there is in sports betting! The half point ensures that a side will win and that the match will not end in a push, where the spread equals the actual difference in points between the two teams. In a push all bettors get their money back, which is no good for the oddsmaker! Half points also give oddsmakers more control over lines, allowing them to set more specific values.
--Fractional odds are most commonly found in racing. A 10/1 payout should be read "$10 paid for every $1 wagered." When the bigger number is on the left, you will find that bet is normally an underdog in the race. Also note, however, that in case such as "Who will win the Super Bowl in the NFL?" you will see all the teams listed as "underdogs"… i.e. paying at least 2/1 (some up to 300/1 or more).
Oftentimes you’ll see a point spread that has a half-point added to the number. Of course, there’s no such thing as half a point in a football game, so why do we so often see point spreads with a (.5) attached to the score? Sportsbooks do this to make sure there isn’t a chance of a push. Let’s take another look at our game from above with the half point added.