Since draws are more common in soccer, most soccer markets offer 3-way spreads. When making a Soccer Spread wager, the team you wager on must cover/beat the goal spread. This means that the favored team must win by more than the outlined number of goals or the underdog will receive that number of goals as a head start. If you wager on the spread draw, you are wagering that the game will end in a draw when the spread value is applied to home team. (The team displayed first)
Used in high-scoring sports like NFL and NBA, the point spread is a handicap that is placed on the favorite team in terms of points for betting purposes. If 10 points favor the Broncos over the Seahawks the point spread is 10. The Broncos must win the game by 11 or more points for you to win your wager. If you’ve made your bet on the Seahawks, you’ll win your bet if your team wins the game or losses by nine points or less. If the Broncos manage to win by exactly 10 points then the bet will be a tie.
With NFL odds the over/under can vary but usually it’s somewhere between 35 and 47 points. Let’s say in the Colts and Bengals game that the total is posted at 37.5. If Indy scores 27 and Cincy gets 13 points, the total would be at 40 and the over would win. But if the Colts rack up 35, and they shut out the Bengals, the total of 35 would be under.
You can never rule out the weather in sports. If there is a team or contestant who does better in certain conditions but worse in others, you’re going to see a line movement if the conditions change. For example, a football team that has a strong passing attack might become less of a favorite if rain pops up in the forecast. Often, the line does not shift as quickly as it should in response to changing weather conditions, which can create some good opportunities to find value.
If you’re new to sports betting or are a seasoned bettor looking to make some tweaks to your strategy, including moneyline bets could be a great move. They’re simple to learn and provide a fantastic way to add serious profit to your betting strategy. Don’t let their simplicity fool you. It still takes quite a bit of skill to beat them. But if you take the information we gave you here and really search for value opportunities, you’re hopefully going to be able to come out on top. Remember, sports betting is a marathon and not a sprint, so make sure to think long-term.
Linemakers who work for the sportsbooks must put out lines that will entice the "favorite" bettors to lay the points and take the favorite or entice the underdog bettors to take the points with the underdog. Because each sportsbook is operated under their own rules, guidelines and stipulations, they are free to put out whatever line they feel is competitive and charge whatever vig they want to based on how much action that specific line is taking.
According to an article in The Times dated 10 April 2009, approximately 30,000 spread bet accounts were opened in the previous year, and that the largest study of gambling in the UK on behalf of the Gambling Commission found that serious problems developed in almost 15% of spread betters compared to 1% of other gambling. A report from Cass Business School found that only 1 in 5 gamblers ends up a winner. As noted in the report, this corresponds to the same ratio of successful gamblers in regular trading. Evidence from spread betting firms themselves actually put this closer to being 1 in 10 traders as being profitable, with a high number of clients suffering from the volatility that is supposed to be one of the benefits of spread betting.
Something that all of our pro bettors on staff preach is that there is no reason to make anything more complicated than it needs to be. Specifically, they are referring to the awful trend of aspiring sports bettors thinking that you must make more complex bets in order to make a living betting sports. The reason we say it’s an awful trend is because this couldn’t be further from the truth.
You can bet the money line option in every single sport that is offered up. It is the simplest form of betting and it is also the primary way to bet sports in which a point spread isn’t available (think hockey or baseball). Money line wagers are also available in football and basketball, but the point spread wager is much more popular. It is also used in tennis, golf, boxing, MMA, cricket, table tennis, and any other sport you can think of that has a winner at the end of the game.
As we mentioned in the close of the last section, sportsbooks try their best to get the same amount of total money bet on both sides of a game. If they can accomplish this, then they are guaranteed to make a profit no matter who wins or loses the game. The way a sportsbook goes about doing this is by manipulating the point spread to make the less bet side more enticing.
That was all before Charles McNeil, a math teacher from Chicago, invented the concept of the point spread. An avid gambler, McNeil created what he called “wholesaling odds” and started his own bookmaking operation in the 1940s. He started out offering this new style of betting on football, but his business model grew to include basketball. McNeil changed the way sports betting was done, and his legacy lives on today in what we now call the point spread.