What Does Spread Mean in Betting? Everything You Need to Know
Professional sports were thriving in the 1940s.
Not only was this good news for the various leagues, but it was also a blessing for bookmakers.
With more and more games going on, more people were betting, which meant that the bookies were making more cash.
However, they had a bit of a problem. Back then, if you wanted to bet on sides, you had to wager on the moneyline.
As such, bookmakers weren’t generating a lot of betting action on one-sided games.
If a game offered moneyline odds of, say, 1.10 and 8.00, it offered very little value for favorite backers.
On the flip side, many underdog bettors would shy away from such long odds.
A teacher turned bookmaker named Charles McNeil came up with a solution.
This solution would make betting on favorites and underdogs more attractive no matter how much disparity existed between the two teams.
This solution is known as the spread, and it revolutionized sports betting. So, what does spread mean in betting?
Well, that is the topic of discussion for this tutorial. We will explain the spread in detail so that you have a full understanding of it.
You will find the answers to a plethora of spread-related questions, including the answer to what is the spread in NBA betting, NHL betting, and more.
Reading this guide to SugarPlay will open up a whole new world of sports betting possibilities.
What Does Spread Mean in Betting?
Think of the spread as the great equalizer in sports betting.
Introducing the spread, also called a handicap, levels the playing field.
With a spread, a favorite doesn’t just have to win a game against an underdog.
Instead, the superior team must win by a certain margin.
Conversely, the underdog can still lose, but it can only lose by a certain margin.
When you hear something like “The Buffalo Bills are 5.5-point favorites against the New England Patriots”, it means that the Bills have to win the game by more than 5.5 points.
Meanwhile, Patriots backers would need New England to either win outright or lose by fewer than 5.5 points.
As such, betting on the underdog Patriots either straight up or in a parlay is a more appealing prospect.
At the same time, it gives pause to Bills backers.
This results in a more even split in the betting action, which helps the bookmaker’s bottom line.
How to Read a Point Spread Bet
When you see spreads listed at an online sports betting site, you will notice that one number is expressed as a positive number and the other is displayed as a negative number.
For example, you’ll see something like this:
- Toronto Raptors +4.5
- Detroit Pistons -4.5
What do these positive and negative numbers mean?
Well, the “-” sign denotes the favorite.
Because Detroit is assigned the negative number in this example, it means that they are the favorites.
The 4.5 represents the number of points they need to win by.
Of course, there are no half-points in basketball, which means that Detroit must win by at least 5 points.
An outright loss or a victory of less than 5 points won’t cut it.
The “+” symbol assigned to the Raptors’ spread means that Toronto is the underdog.
The 4.5 spread means that they can either win outright, or lose by no fewer than 4.5 points.
Again, this essentially means that they can’t lose by any more than 4 points.
So, when you see a “-” sign, it always signifies the favorite, while the “+” identifies the underdog.
The number tells you how many points the favorite must win by or how many points the underdog can lose by.
What Sports Have Point Spreads?
Almost all sports facilitate point spreads in some way.
You will always find them in major team sports like football, soccer, hockey, basketball, and baseball.
You can bet spreads in Aussie rules football, cricket, lacrosse, and many other markets.
Even individual sports that feature a field of competitors, like golf and Formula 1 have spreads.
For example, the most respected PH sportsbooksoffer head-to-head betting matchups in golf.
The favorite must defeat the opponent by a certain number of strokes.
In tennis, the spread can apply to how many sets a player must win or lose by.
Sports Betting Strategies for Betting Against the Spread
Picking moneyline winners is usually a little easier than picking winners against the spread.
For instance, an MLB match between the Atlanta Braves and Miami Marlins might have the Braves priced at 1.39 on the moneyline and the Marlins priced at 3.05.
It is clear that the probability of the Braves winning is much higher than the probability of the Marlins winning.
However, if the Braves are assigned a standard runline spread of -1.5, then we have a much tougher decision.
The Braves still have a significantly higher probability of winning, but the probability of winning by 2 or more runs isn’t nearly as high.
It doesn’t matter whether you bet on spreads, moneylines, or any other type of bet.
To be successful and cash in on winnings, you have to diligently research every match.
You need to analyze various basic statistics such as goals for, goals against, penalties, and previous head-to-head results.
The most profitable bettors dig much deeper and analyze things like injuries and the recent form of the teams and individual players.
Many even consider X-factors like the weather and the referees. Of course, it’s a good idea to find out how each team has fared against the spread.
Some good teams are notorious for playing down to their opponents’ level, while some bad teams have a reputation for keeping games close.
They say that information is power. The more information you can access and analyze, the better your chances of making winning picks.
It also helps when spread bettors participate in bookmaker deposit bonuses and regular promotions.
These offers can earn them such things as bonus betting cash, free bets, boosted odds, cashback, and other gambling perks.
These offers can go a long way toward boosting your account balance.
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What is Covering the Spread in Sports Betting?
Well, let’s say that you bet on the Boston Bruins as a -1.5 favorite.
If Boston won the game by two or more goals, then they covered the spread and you win your bet.
On the flip side, if you bet on the underdog Chicago Blackhawks’ spread at +1.5, and they either win outright or lose by just one goal, then they have covered the spread and you win your bet.
With spread wagers, one team will cover the spread and one team will not.
Well, there is one exception to this rule which we will discuss further down in this “What Does Point Spread Mean in Betting” tutorial.
Why Do Spreads Change?
Point spreads sometimes change. There are a couple of reasons for this.
The most common reason for a change in the spread is one-sided betting action.
For example, let’s say that the spread for an NFL game between the favored Baltimore Ravens and the underdog Indianapolis Colts opens at 6.5.
In other words, we have the Ravens at -6.5 and the Colts at +6.5. Now let’s say that the betting action is pouring in on the Ravens and that very few bets are coming in on the Colts.
One of the reasons why sports betting sites offer spreads is that they are supposed to result in even action.
This ensures that the bookmaker makes a profit.
In the above example, the vast majority of money is coming in on the Ravens, and this leaves the bookmaker exposed.
The bookie stands to lose a lot of money if Baltimore wins. To try to balance things out, the bookie will adjust the spread to induce more bets on the Colts.
In this case, the bookie might adjust the spread to, say, 7.5.
Spreads can also move as a result of some unforeseen circumstance such as a key injury.
Let’s go back to our Ravens opening line of -6.5.
Now imagine quarterback Lamar Jackson gets hurt in practice and won’t be playing.
Instead, some unproven backup QB will get the start. This changes things significantly.
In this case, the bookmaker would likely lower the spread by a point or two. Maybe even more.
Why Do Sportsbooks Offer Spreads?
In the opening of this “What Does Spread Mean in Betting” guide, we touched on how moneylines were once the only way to bet on a team to win.
Games that featured juggernaut teams against cellar dwellers didn’t generate as much betting action as bookies liked.
The low odds of the heavy favorite didn’t provide enough value for favorite backers and few people wanted to risk betting on such a big underdog to win outright.
With the introduction of the spread, underdogs became far more appealing, while favorites suddenly offered value.
Not many punters want to wager a favorite at 1.15 because there is next to no value.
However, assigning a spread brings the potential payout much closer to even money.
The other reason for bookies offering spreads is that the spread brings in more balanced betting action.
With the action being more or less even, the bookie is guaranteed to make a much bigger profit.
With moneyline bets, ties equate to pushed wagers, which means the bookie does not make any money.
It’s a waste of time. When the bookie offers a spread like 1.5, 3.5, or any other number with a .5 attached, the possibility of a push is eliminated, and the bookie is virtually guaranteed to make money.
Point Spread Definition
If you’ve come this far in this “What Does Spread Mean in Betting?”
guide, then you should already know the answer. If you are still uncertain, then it’s a number that’s assigned to a matchup.
A negative number denotes the favorite and the minimum number of points it must win by.
A positive number denotes the underdog and the maximum number of points it can lose by.
If a team is listed at -4.5, then it must win by at least 5 points.
If a team is listed at +4.5, then it can either win straight-up or lose by no more than 4 points.
How Does a Point Spread Work?
When you see a number like -6.5, then you can think of it as if that team is starting the game with a 6.5-point deficit.
That means that they must win the game by 7 points or more.
Having a +6.5 spread is like being spotted 6.5 points to start the game.
As long as that team either wins outright or finishes the game within 6 points of the winner, then it beats the spread.
What Does -110 Mean Next to a Point Spread?
When you see a -110 next to a point spread, this tells you how much you stand to win if your bet is successful.
It’s like a price tag.
In simple terms, -110 means that you need to bet $110 to win $100.
Odds are displayed in three main forms, which are American odds, decimal odds, and fractional odds. They look like this:
- American Odds: -110
- Decimal Odds: 1.91
- Fractional Odds: 0.91/1
Even though the above examples look quite different, they all have the same value.
-110 in American odds is the same as 1.91 in decimal odds, which is the same as 0.91/1 in fractional odds.
Almost all online bookmakers allow you to choose how you wish the odds to be displayed.
What Does it Mean to Cover the Spread?
When you bet the spread on a favorite, you need the favorite to win by a certain number of points.
For example, if you bet on the favorite at -1.5, then that team must win by 2 or more points.
If it does, then it has beaten the spread.
If you bet on an underdog at +1.5, then winning straight up or losing by no more than 1 point beats the spread.
When a team beats the spread, it just means that it came through for its backers.
What Does a Negative Spread Mean?
When you see the spread expressed as a negative number, it means that the team is favored to win.
The number that the minus sign is attached to represents the number of points the team needs to win by in order for your bet to win.
If you see a -7.5 beside the Los Angeles Lakers, it means the Lakers must win by 7.5 points.
Of course, this really means 8 points because there are no half points in basketball.
An outright loss or a win by 7 or fewer points is a loss against the spread.
What Does a Positive Spread Mean?
If you look at our expert football betting predictions and see a “+” beside a spread, it means that the team is the underdog.
For instance, let’s say that you bet on the Philadelphia Eagles at +3.5.
This means that you win your bet if the Eagles either win straight up or if they lose by 3 or fewer points.
If they lose and lose by 4 or more points, then your spread bet would lose too.
Can Point Spread Bets Push?
The short answer to this question is yes.
Point spread bets can result in pushes. However, this can only happen in a scenario in which the spread is listed is a whole number like 2, 5, 10, or any other number that does not have a decimal attached to it.
You will find that the vast majority of spreads offered by the best NBA online betting website come with a hook.
That is to say that the spread usually has a .5 attached to it such as 1.5, 3.5, 6.5, and so on.
Bookies do their best to add the hook to their lines because it means that all bets will either win or lose.
When bets push, bookies don’t make money.
Does a Team Have to Win to Cover the Spread?
When you bet on a favorite, that team must obviously win in order to cover the spread.
However, it is also possible for a favorite to win straight up and fail to cover the spread.
If you bet on the New York Yankees -1.5 to beat the Blue Jays, and the Yankees win by a score of 4-3, then they have won the game but lost against the spread.
On the other hand, an underdog can lose a game straight up and still beat the spread.
An example would be betting on the Vancouver Canucks +1.5 and having them lose the game 3-2.
They lose the game outright, but they cover the spread.
A -7 spread means that the team is favored to win by 7 points. Because there is no hook, a win by exactly 7 points would result in a push. To win that bet, you would need the team to win by 8 or more points. An outright loss or a victory by 6 or fewer points would result in a loss against the spread.
If you see -3 next to a team on the betting menu at any of the best sportsbooks in the Philippines, it means that team has a 3-point advantage. No hook means a total defeat or a win by 2 points or less is a loss against the handicap. A win of exactly 3 points will result in a draw, while a win of 4 points or more will result in a winning outcome.
Seeing a -4 spread means that the favorite can only beat the spread if it wins by 5 or more points. A straight-up loss or a win by 3 or fewer points loses against the spread. A 4-point win would result in a push.
When a football team is assigned a spread of -2, it means they are a slight favorite. If you bet on that team against the spread, they have to win by three or more points. A 2-point victory would result in a push, while an outright loss, a tie, or a 1-point win would result in a losing spread bet.
When you see a spread of +3.5, the “+” tells us that the team is an underdog. The 3.5 tells us that we would need that team to win the match or lose by no more than 3 points. A tie does the trick too. A loss of 4 or more points would result in a losing wager.
A +7 spread means that the team is a significant underdog. If you stake a wager on a spread of +7, an outright win, a tie, or a loss by 6 or fewer points would result in a win. Losing by eight or more points would be a loss, while losing by exactly 7 points would be a push.
Being listed at +1.5 means that the team is the underdog. If you wager a team at +1.5, you need that team to win, tie, or lose by no more than a single point. A loss by two or more points results a losing wager.
If a team is listed at +2.5, and you bet on it, you need your team to win, draw, or lose by 2 or fewer points. If they lose by more than 2 points, then your bet goes up in flames.
When the sportsbook has one team listed at +5, it means that the oddsmakers consider them an underdog. If you take +5, then your team can either win, tie, or lose by 4 or fewer points. A loss by exactly 5 points would result in a push, while losing by 6 or more would result in a losing bet.
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