What is a Point Spread?
A point spread is a bet on the margin of victory in a game. It is a way for sportsbooks to level the playing field between two unevenly matched teams. The point spread is a number set by the sportsbook that represents the number of points that the favored team is expected to win by.
Basic Rules and Format
When you bet on the point spread, you are not betting on which team will win the game. Instead, you are betting on whether the favored team will win by more than the point spread, or whether the underdog will lose by less than the point spread or win the game outright.
The point spread is displayed as a number with a plus (+) or minus (-) sign in front of it. The minus sign indicates the favored team, and the plus sign indicates the underdog. For example, if the point spread is -7.5 for the Green Bay Packers, it means that the Packers are favored to win by 7.5 points. If you bet on the Packers, they must win by 8 or more points for you to win your bet. If you bet on the underdog, they can lose by 7 or fewer points, or win the game, for you to win your bet.
Types of Bets Available
The most common type of point spread bet is a straight bet. However, you can also parlay point spread bets, which means that you combine multiple point spread bets into one. If all of the bets in your parlay win, you will win a larger payout than you would if you had placed each bet individually.
Step-by-Step Guide to Betting the Point Spread
- Find a game you want to bet on: Once you have found a game, you will need to find the point spread for that game.
- Decide which team you want to bet on: Do you think the favored team will win by more than the point spread, or do you think the underdog will keep the game close?
- Place your bet: Once you have decided which team you want to bet on, you can place your bet at a sportsbook.
- Enter your wager: This is the amount of money you want to bet on the game.
- Confirm your bet: Make sure you review your bet carefully before you confirm it.
Common Mistakes to Avoid
- Not understanding the point spread: Make sure you understand how the point spread works before you place a bet.
- Betting on too many games: It is important to be selective when you are betting on the point spread. Don't bet on every game that is available.
- Chasing your losses: If you lose a bet, don't try to win your money back by placing a bigger bet. This is a surefire way to lose even more money.
Tips for Beginners
- Do your research: Before you place a bet, it is important to do your research. This will help you make more informed decisions.
- Shop around for the best odds: Different sportsbooks will offer different odds on the same game. Shop around to find the best odds before you place your bet.
- Have fun: Sports betting should be fun. If you are not having fun, then you should stop.