When betting the point spread, there is almost always a winner and a loser. However, in some instances sportsbook decide to put out a whole number such as -3 for bettors to bet on. If the final score ends with a differential of three points - no matter who wins - the bet is considered a "push" and all money is refunded to both sides since neither team covered the spread.
By far the largest part of the official market in the UK concerns financial instruments; the leading spread-betting companies make most of their revenues from financial markets, their sports operations being much less significant. Financial spread betting in the United Kingdom closely resembles the futures and options markets, the major differences being
You have three choices for the three betting options: Home, Away, or Draw (tie). The result of the game is decided after regulation play (90 minutes plus injury time). Overtime, the Golden Goal rule, and penalty kicks are not taken into consideration for soccer bets unless otherwise stipulated. You can usually bet on a winner or advancement (including OT & shootouts) but with different odds would be given.
Spread betting has moved outside the ambit of sport and financial markets (that is, those dealing solely with share, bonds and derivatives), to cover a wide range of markets, such as house prices. By paying attention to the external factors, such as weather and time of day, those who are betting using a point spread can be better prepared when it comes to obtaining a favorable outcome. Additionally, by avoiding the favourite-longshot bias, where the expected returns on bets placed at shorter odds exceed that of bets placed at the longer odds, and not betting with one’s favorite team, but rather with the team that has been shown to be better when playing in a specific weather condition and time of day, the possibility of arriving at a positive outcome is increased.
NFL games are popular moneyline games because the specific outcomes can sometimes be difficult to predict for casual players. Moneyline games are also profitable when they win, which is one reason why the NFL is a favorite among sports gamblers. An example of a money line is: New York Giants (-120) vs. New Orleans Saints (+130). In this game, a bet of $120 on the Giants is necessary to win $100, while a bet of $100 would win $130 in the case of a Saints win. The team with the minus sign is the favorite and indicates how much a player must put down in order to win $100. The team with the plus sign is the underdog and indicates how much a player would win for a bet of $100.
One of the main reasons that sports bettors like to bet is the action and excitement of winning and losing. Many sports bettors would rather take the risk of winning or losing than having the option of pushing (a tie) on their bets. For this reason, many sportsbooks offer what are called no draw handicap match bets. These are bets on an individual match that are designed so that there is never going to be a tie. In the standard handicap bet examples we used above, you saw that all of the bet options were in whole numbers. This allows for there to be draws.
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)
Let’s take a quick step back and talk about what the sportsbook’s goal is with any game they are offering action on. Ideally, the sportsbook wants to take the perfect amount of action (money bet) on each side of a game so that regardless of who wins, they make money. Their profit comes from taking a small percentage off of the top as a house fee for facilitating the action.
This also comes into play on games that you think the line is correct. For example, let's say you think the line of Florida -7 is correct, so you elect not to bet it because there is no value. This doesn't mean you should never look at this game again. If the line happens to shift in either direction, you can make a bet that has value. If the line moves to Florida -6, you place a bet on Florida because you originally thought they would win by seven. If the line moves to Florida -8, then you place a bet on Arkansas at +8 because you originally thought Florida would win by seven and Arkansas would lose by seven. The next strategy tip is a good idea to help you be ready for these situations.
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.
--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).
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One way to make money from sports betting is to open an account at an online betting site and take advantage of their sign up bonus. This gives you extra money to wager with, and since point spreads are so straightforward, it can be relatively easy to meet the associated wagering requirements and still come out ahead. Repeating this process at multiple betting sites will maximize your potential returns! We just ask that you please stick with reputable sites, like any of the ones that we recommend.
The key here is to target the point spread five and seven, because these are virtually tied as the most common margins of victory. It's important to recognize that most betting sites are only willing to sell 2 or 3 half points for 10 cents each, after which point they start charging more. Some sites sell up to four half points at this price though.
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.