Football Spreads Explained
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- Football Spreads Explained Spread
The Point Spread is one of the most popular wagers in NFL Football betting. You need to cover the Point Spread to win your wager. For example the Favorite in this game is the Detroit Lions as they have a point spread of -3 (-110). For you to win your wager, the Detroit Lions would have a final score beating the New York Giants by 4 or more points.
A team favored by -7 must win the game by eight or more points to win the bet. If the team wins by seven, the result is a “push” and the bet is refunded. A spread of +7 means the team must win the game or lose by fewer than seven points to win the bet. A loss by seven would result in a push. The formula you should stick to this time looks like this: stake / (odds/100). Another important thing football bettors should take into account is that according to this format, the even-money equivalent is represented by +100. Thus, the negative sign will indicate odds on, whereas the positive sign will reflect odds against. Fractional Odds. The most common NFL spreads are usually set between about 2.5-10.5 points, but you will also almost always have games each week with spreads lower than 2.5 and higher than 10.5. In the event that the oddsmakers feel the game doesn’t need a spread, it would be set at 0 or what some call a pick’em (both teams are given even odds to win for this type of bet).
Spread Betting Explained
by Jason Shimberg - 01/15/2008
Doc's Sports offers spread betting explained in a way that is easy for even novice bettors to understand. The definition of point spread is the predicted scoring differential between two opponents as quoted by a sports book. The point spread is also called the line. If you have have bet a sporting event in the past, but have never bet on the point spread this will ease the process and explain how it works.
How the point spread works - When two teams meet on the playing field or on the basketball court, one team is typically better than the other or in a more favorable position because of factors like playing at home. If all you had to do were pick the winning team in a game, everybody would simply wager on the best team or the home team in a even matchup and bypass all the lines and collect their winnings at a high rate.
A point spread - Lets take, for a hypothetical situation on one of the types of football bets (using the point spread), that the Kansas City Chiefs were visiting the Detroit Lions and Detroit was established as a six-point favorite at game time, which is commonly written as Detroit -6. Kansas City would be the underdog and displayed as Kansas City +6. If you bet the favorite, Detroit has to win by more than six points to win your bet. Remember, the Lions are favored by six points, so we subtract six points from their final score on a spread bet. If Detroit were to win 27-20, Lions bettors would win their wager. If the Chiefs were to win the game by any score and you picked the Chiefs you would win not including the extra six points. If the Lions were to win, 20-14, it would be exactly six and a push, so you would get your money back.
Betting against the spread - In the sports betting industry the acronym ATS is used to label a team's record when betting against the spread. ATS records are a valuable tool in sports handicapping. A team may be playing great straight-up, winning a lot of games but at the same time they could have a dreadful ATS record because they are overvalued by the general public and the oddsmakers. And, conversely, a team could be losing a lot of games but playing in a lot of close games as underdogs and have a good ATS record going.
Bookmaker's interest - In order to guarantee a profit for the house, a bookie needs to create even action on both sides of a particular game. In a perfect world the bookie would have 50 percent of the handle come in on the underdog and 50 percent on the favorite. This ensures that the sports books are guaranteed a profit because of the 10 percent commission or 'vigorish' charged on most sports wagers. This is why there is 'movement' on the point spread. If one side on a game is being bet more heavily, the bookie must move the number in order to attract interest on the other side in order to balance action.
Spread betting is not convoluted - Many people decide that it's too arduous without ever giving it a try. In fact, once the simple concept has been grasped it becomes exceedingly painless to comprehend. Settle on if you think the oddsmakers' prediction is too low or too high. It's that straightforward. Learn the basics, so you and your wallet are not spread too thin.
The novice football bettor may be a bit overwhelmed when they first create an account at an online Sportsbook and then look at the posted NFL betting lines. Most bets with your buddy will be on what NFL team will win straight up or who will cover the spread. This guide give you the basic types of Football wager types associated with a betting line.