Point Spread Bet Explained in 2020
You must have heard of points spread betting, but do you know what it means? Would you like to explore new opportunities and enhance your wagering experience? Our team of experienced bettors brings you tips and tricks to make your spread betting more profitable. Find out everything about this betting type in our comprehensive guide. Let's take a ride together and take advantage of this popular form of sports betting.
What is a Point spread bet?
Point spread betting is one of the most popular wagering types. No matter how skilled bettor you are, it is very likely that this kind of bet will be an integral part of your strategy. Football and basketball made point spread betting so famous since this wagering type brings higher value to bettors in comparison to traditional markets such as moneylines. Although this betting type is represented so much in sports gambling, it takes a bit of time to understand it fully.
So, what is the logic behind point spread bets? Thanks to this betting type, sportsbooks can equalize chances for each team to win the game. How do they do that? Bookmakers can create a point spread for a game, meaning that one of the sides is given a virtual starting advantage. An underdog is given that advantage since it wouldn't have any sense assigning it to the team that is supposed to win the match. With this approach, the bookies can make the field even for both teams and level the odds. It means that bettors can count on more attractive odds than the ones offered for a straight winner of the game.
When you dip into the point spread market, you will find a margin marked with a minus or plus signs. A negative spread is listed for the favorite, and on the other hand, an underdog gets a positive spread value. The spread value is also known as a handicap. If you bet on the favorite team, the one with a negative spread, it needs to win the game by more points than the spread. If you are still puzzled by this betting type, just keep reading, and we are going to explain it fully in the following chapters.
Placing a Point spread bet: Step-by-Step
Although this betting type might seem complicated for inexperienced bettors, placing a point spread bet takes just a few clicks. You don't need any advanced skills to complete this process. If you want to make a point spread wager, just follow these simple steps.
- Choose an online sportsbook: Sports betting market is very extensive, and there are quite a few reputable bookmakers. Before selecting your favorite one, check what top betting sites are and make the decision according to your preferences.
- Make a deposit: After you have chosen a sportsbook, it's time to create an online account, if you haven't done it yet. Just populate all the required information, and you will have everything set up. Fund your account with some money so you can proceed to the next step.
- Find your picks: The real deal starts now. Easily navigate to the selected game and just click on the odds to populate your bet slip.
- Place a bet: The last thing you need to do is enter the stake and hit the Place Bet button to complete the process.
Usual sports for placing a Point spread bet
We have already mentioned that the most popular sports for placing point spread bets are football and basketball. In general, every high-scoring game can be suitable for this kind of wager. The NFL and NBA fanbases are enormous, so it isn't surprising why this betting type is so popular. In most cases, point spread bets are set as default when you land to the NBA of NFL offer in any sportsbook.
Spreads do not apply only to basketball and football, but it can be found in other major sports such as hockey and soccer. Although in the NHL game, you cannot see so many points as in the NFL or NBA events, points spread betting offers a good range of odds. You can enjoy betting against the spread in MLB matches as well, as the margins are set on the number of runs. Some individual sports like tennis feature betting the spread as well, and you can find markets related to sets and games spread.
Examples for Point spread bet
We have spoken a lot about the theory, so let's move to some practical examples. When you see how spread betting works, you will want to try it out immediately. We are about to dive into winning and losing cases. Let's go!
Winning example of Point spread bet
Kansas City Chiefs are about to kick-off a new NFL campaign at home against Houston Texans. You are convinced that the hosts are going to book a convincing victory. The spread is set at the 9.5 margin, which seems to be a fair offer for you. Let's check the odds.
|Kansas City Chiefs (-9.5)||-115|
|Houston Texans (+9.5)||-105|
The chiefs met the expectations with a dominant 51:31 win. Besides winning the game, they managed to beat the spread by winning by 20 points so that you can count on returns from your bet.
Losing example of Point spread bet
In the following example, Los Angeles Lakers are hosting Washington Wizards, and you believe the home side is going to win the match. However, moneyline odds are not too attractive for you, so you decide to bet the spread. The margin of 7.5 is reasonable, and the bookmaker offers you the following odds.
|LA Lakers (-7.5)||-140|
|Washington Wizards (+7.5)||+105|
The Lakers celebrate a 123:116 victory, but since they haven't managed to beat the spread, your bet is a losing one.
Point spread bet for beginners: How to bet
If you are about to try out this betting type, but still haven't done so, it might be interesting for you to check several useful tips. They may help you have a more successful start of the journey, and minimize risks of losing wagers.
- Shop for the best odds: The spreads may differ from one bookmaker to another, so don't hesitate to check out all offers. It means that you can get a lower margin at the same odds, which can reduce the risk, but still bring you reasonable returns.
- Good streaks count: When analyzing your picks, take into consideration if one of the teams is in a good or bad run. It can be a piece of valuable information for you, which can make a difference when finding good value odds.
- Explore scoring records: Put your focus on highly-efficient teams. Their ability to score can make a difference in your favor.
- Consult expert picks: Daily offers can be so rich, and you won't have enough time to analyze all potential picks. Luckily, our professional bettors bring you valuable information. You should sign up to Billy's List for free, and you'll have everything at your fingertips.
- Motivation can play a critical role: be careful when betting against the spread in cup matches. Underdogs can stun favorites very often, as they are highly motivated for those games. On the other hand, you can turn this into your advantage!
Point spread bet for professionals: How to bet
The point spread bet is so popular that expert bettors have developed numerous strategies based on this betting type. If you already have particular wagering experience but want to enhance it further, check out these tips and tricks which might help you be successful in the long-term.
When betting the spread, you should always predict and exploit line movements. The margins can change due to team news, potential injuries, or public opinion. Half a point can usually make a crucial difference, so do not underestimate any change in your favor. Remember, when you place a point spread bet, you are locked into that line.
However, what happens when you place a spread bet before the lines move into your favor? If you are confident in your selection, you may double down your bet. It means that you should go with another spread bet with more favorable values. If your pick turns out to be a success, you can enjoy double benefits from it. You should be careful with this approach, and not apply it for every bet you are about to make.
Live betting provides you extra opportunities to spread betting as well. If things are not going as expected, and your team has a slow start, you can back them at lower lines if you are still confident they can beat the spread.
Point spread bet: Try it now at one of the top 5 betting sites
At this point, you should be ready to include point spread betting into your wagering experience. Navigate to your online sportsbook and load some money to the account. Apply some tips and advice from our guide and make your selections. Place point spread bets and enjoy matches.
The purpose of spread betting is to even up the contesters of a particular game. The principle behind this betting type is giving an underdog team the virtual advantage before the start of the match. A favorite team needs to win by more points than it is set with the margin to beat the spread.
Bookmakers are the ones who are setting the lines. They are set according to different analyses, such as team performances, squad strength, current form, or the expected lineup. Positive lines are assigned to an underdog in the match, while the same negative value is set to a favorite.
Once the lines are set, they can move over time until the match starts. It is possible due to different circumstances that can occur before the game begins. If things move in favor of one of the contestants, the spread will not give the same level of the advantage as in the first place.
Although it is not a common practice, it is possible to set the spread as a whole number. In case one team celebrates a win by the same amount of points as stated in the lines, the bet is void, and you will get your money back.
Point spread betting is available for lower-scoring sports as well. Hockey is one of them, and therefore this kind of wager is possible for any NHL game. The spread will be mostly around +/-1.5, and it can make NHL betting even more exciting.