If the team wins by seven, the bet results in a push. A team favored by -7 needs to win the game by eight or more points to secure the wager. 7 And +7 In NFL Betting?Ī spread of -7 means the favored team has the bookmakers projecting a win by a touchdown (and extra point). The outright winner of the game will determine your bet. In this case, you’re basically picking a moneyline. Point Spread FAQs ‘Pick Em’ Or ‘Pick’ In NFL Betting?Ī pick ’em is when the teams have a point spread equalling zero. The odds with these lines have a wider range than a football or basketball game as well. Since the scores are not high in either baseball or hockey, the lines are often set at 1.5. These are lines that allow spread bettors to wager familiarly in other sports. However, to make baseball and hockey more appealing to point spread bettors, the sportsbooks offer run lines and puck lines. Baseball and hockey rely more on moneylines because of their low-scoring nature. Run & Puck LinesĮven though football and basketball are the sports where point spreads are most famous, they’re not the only ones. If a lot of money goes wagered to the Detroit Lions -3, the juice may vary from -110 to -115 to -120 before the oddsmakers change the line to -3.5. This is because most games end with a final score margin of these numbers.Ī quick example.
In football, point spreads like 3 and 7 are ones the oddsmakers try to keep. The odds for a point spread might shift before the point spread number does. They will move the spread to attract bettors to the less-wagered side. To make both sides of the spread get equal money, the bookmakers have a tactic. If all bets come equal, the sportsbook’s profit maximizes. In an ideal world, when the money is evenly split, the sportsbooks will gain the exact juice as their profit. The oddsmakers’ goal is to make bettors wager equal money on both sides of the spread. It’s also called “juice.” Point Spread & Odds Movement These odds, known as vigorish or “vig,” is the profit margin the book reserves. With the -110 odds, a bettor must place $110 in a wager to win $100 (or $11 to win $10). This is the bookmakers’ house edge.Īt -110, the sportsbook guarantees itself a little profit over time. The betting odds set for point spreads are usually a standard -110, but the pricing can fluctuate at online sportsbooks. They won 31-9, so the Bucs’ bettors at +3 got the payout. If the Chiefs won exactly by three points, the bet would’ve ended in a push, and bettors for both sides get their wagers reimbursed. As for the Buccaneers, the 3-point underdogs could win or lose by less than three points to win the bet. This means the Chiefs must win by four or more points to cover the spread and win the bet. The Kansas City Chiefs were 3-point favorites over the Tampa Bay Buccaneers. Let’s use the last Super Bowl betting as an example.
#Spread vs moneyline plus#
The underdog spread comes with a plus sign (+) next to their point spread. The bettor wins if the underdog triumphs or loses by a smaller amount than the point spread. The team with the lesser opportunity to win is labeled the underdog. The favored team will have a minus sign (-) attached to the point spread. They will have to win by the point spread set by the sportsbook. The better team is the favorite, according to the bookmakers. In other words, it gives bettors a reason to risk their money on both teams. Therefore, the point spread was created to even the chance for each team to win the bet. Some are stronger than others, and that is a problem for bettors and sportsbooks. The point spread is the ultimate equalizer for oddsmakers.
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