Point spread betting is arguably more sophisticated, but it is one of the most popular betting systems out there. It can be fun and it will spice up your betting slip.
But what does the point spread mean? How does the point spread work? And what sports can you use a point spread for? All of this and much more will be answered in our comprehensive guide. By reading this, we will give you the tools to help you wager on this line effectively.
What does the Point Spread mean?
If you want to know what a spread bet is, then you have come to the right place. Put more simply, the point spread is a type of handicap betting line, where a team must win by a specific number of points/goal and not lose by a specific number of points/goals.
Essentially, this is the operator’s way of trying to distinguish between the quality of two sides and even things up a little. While it may seem a little confusing, once you get to grips with it, it will help fulfil your online sports betting adventure. Most reputable operators, such as BetMGM and SugarHouse will have point spreads to engage with bettors.
Understanding an NBA Point Spread
Typically, spread bets can be used on most sports, so for example, you will find markets where you can use an NFL point spread. However, for this guide, we will use an NBA point spread as an example to illustrate how this line functions.
Let’s say the Brooklyn Nets were facing the Miami Heat, you may well put money on the Heat to win the game. But what if the Nets were given seven additional points to begin the game. This is the first step if you want to learn how to bet the spread. The point spread would look like this:
- Brooklyn Nets (+6) -110
- Miami Heat (-6) -110
With a point spread, teams can be wagered on with -110 odds, so a $110 ticket would provide $100 in profit. Lines are posted with odds of -110 as that is the juice which equates to the commission taken by sportsbooks. Ultimately, any operator will have a slight house edge.
Moving a Point Spread
As with all types of online sports betting wagers, odds will fluctuate and they can shorten and drift in the run-up to a game. There are of course several factors that could influence how the point spread is set, such as a sudden injury to a star player or a fringe player is included on the starting roster.
Therefore, you are advised to keep your eyes peeled on the markets to see if there are any changes as this could ultimately affect your bet.
Advantages of Point Spread betting
As we have discovered, point spread betting tries to create a more level playing field. One of the biggest benefits of the point spread, is that it allows you to assess both elements of a game, so in theory, you have a 50% chance of picking the correct team and in turn, a win will double your profits.
Also, it can be more valuable to side with the underdog, because if they can beat the point spread, then this will keep your bankroll ticking over. Oh, and above all else, it is an eminently more exciting bet than other betting types especially when games are in full tilt, so you may get flash markets for the point spread during in-play which will spice up your betting slip.
Point Spread Betting – Key Tips
Point spread betting has risks and rewards, but if you follow these 5 tips, then you won’t go too far wrong:
- Build things up slowly – If you are new to point spread betting, keep things simple and try out markets you understand before testing out other markets.
- Use a spread betting calculator – Most, if not all, betting operators that we work with will have a betting calculator implemented, so fill this area in and see what your potential returns will be which will make things easier.
- Keep a record of your bets – You should be organized and keep an ongoing record of how well bets performed, so tweak your strategy accordingly.
- Don’t over exceed your budget – Above all, gamble responsibly. Set yourself a budget and don’t chase losses as it could lead to further disappointment down the line.
- Shop for good odds – If you are looking for good point spread bets, compare odds across a wide range of sites, so you can find value for money.
Point Spread Betting – Final Thoughts
Point spread betting is a great way to liven things up for online sports betting. While from the outset, it may seem difficult, if you can use the advice we have provided in this guide, then you can create a niche for yourself. So, go ahead and try out spread betting.
FAQ – Point Spread Betting
What is Spread Betting?
Spread betting in a nutshell, is a type of handicap betting market where operators try to even the gap between two sides.
What is a +7 spread?
A +7 spread means the underdog will get a seven-point headstart as indicated by the +7 on the odds.
What sports can use for spread betting?
Spread betting is available for most sports, but the NFL and NBA are the most popular for spread betting.
What is an alternative point spread?
The alternative point spread will usually offer fewer points to a team in exchange for altered odds. So, instead of a -7 point spread for an NFL franchise, they may be given an alternate spread of -6.