What if you want to bet on that boxer at those same +600 odds and hope to win $100? The underdog in a game, tournament or event is any side that is not the favorite and is viewed by the betting market as likely to lose. Because of their simplicity, moneyline bets tend to be popular among beginners, though more experienced bettors regularly wager on the moneyline as well. If you have read this article by the end, you will definitely feel more confident about point spread bets. This is not a complicated betting type, but it requires your attention, engagement, and some practice. Some advantages include tax efficiency, margin trading and access to multiple markets.
One important thing to remember about reading spread bets is that the larger a spread gets between two teams, the more bookmakers consider the game to be a potential mismatch. So a -1.5/+1.5 spread indicates that a game or match is projected to be a close affair, with it potentially coming down to the final score or drive. If you wanted to bet on the 76ers to win the game (a moneyline bet), you would need to wager $130 to win $100.
Focus on Those Sports and Markets that You Are Already Familiar With
This makes sense, as MLB and NHL scores are far more synonymous than the NFL or the NBA. While picking a moneyline team may be easier, the conversation around bet value is necessary. You don’t win or lose when this occurs—you What is Spread Betting receive your original wager back. For example, you look in the spread column of the upcoming Baltimore Ravens and Miami Dolphins game. Say Apple is trading with a sell price of ($115.50) and a buy price of ($115.60).
Statistical power ratings (such as KenPom for college basketball) are taken into account, as are injuries, travel, matchup history, and of course home field advantage. For example, the home team generally sees a two to three-point edge in the NFL. So if the Titans and Jaguars had been playing on a neutral field, the spread would have been about six. If it was at Jacksonville, it would have been about three points instead of the 8.5 at Tennessee. Tennessee ended up winning the game by 20 points (20-0), so point spread wagers on the Titans cashed, while bettors who took the Jaguars point spread lost.
Here, we’ll not only explain what sports betting is, but we’ll look at the purpose of the spread, compare moneyline betting and spread betting, how it varies by sport and more. Spreads are frequently, https://www.bigshotrading.info/ though not always, specified in half-point fractions to eliminate the possibility of a tie, known as a push. In the event of a push, the game is considered no action, and no money is won or lost.