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Point spread betting

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Point spread betting

It is very easy for beginning bettors to get lost when looking at a sports book for the first time. While most bettors and sports fans are accustomed to seeing the point spread, they don’t necessarily comprehend what it implies. Nor do they know how it is relevant to the chances for each team to win a match / game. Point spread betting is one of the most popular bet types in the world. These bets can be very enjoyable because you can root for your team regardless of if they win or lose. This being said, the team you are betting on can win the game, but you can still lose your bet. I am sure by now we have thoroughly confused the sh** out of you. We will break it down further so you can understand the concept, and bet on these models more confidently.

point-spread

Basics

In order to easily understand what a point spread is, we will create a very exaggerated example. In other words, point spreads exist to develop a “level playing field” for sports books to profit more.

For example:

Real Madrid is playing a elementary soccer team, and a bookmaker is offering odds for it. Madrid isn’t taking any chances, so they announce they will start their typical starting lineup. They will also use a regulation size ball, which the school team isn’t use to using.

What this means:

If this was a real scenario almost everyone in the world would bet on Real Madrid. They would most definitely annihilate the elementary team. Bookmakers fix this issue by spotting the underdog team some points  based off their pre match evaluations. Obviously, these points aren’t included in the actual score to determine who wins or loses the game. They are calculated when determining bets placed on the spread. I am sure we can all relate to other scenarios growing up playing some form of game where our father or relatives would “spot” you a few points in order to level the playing field. This concept is exactly why bookmakers offer point spread betting.

Breaking it down

The simplest way to describe a point spread is to characterize it as a number bookmakers use as a median between two teams or sides. It has an end goal to produce wagering enthusiasm on both of them. The initial point spread is decided by the bookmaker and hopes to accommodate both the “chalk” bettor and “dog” bettor. These points usually promote betting on either end of the spread. They can also be influenced over time if more bettors are betting on one side of the spread. If you come across a game without a point spread, it means that the outcome might be too close to call. This is called a pick’em, so you would pick the outright winner of the game. For the games predicted to be lopsided, the point spread will be even greater.


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Point spread betting in soccer

Soccer point spread betting is very popular amongst soccer bettors because it’s very simple to understand. Games that appear to be blowouts can be very profitable opportunities. This is only as long as the team you bet on wins, or loses by the predefined number of goals. With soccer being such a low scoring sport, it can be highly profitable to take advantage of this offering of odds. Note that soccer betting pay outs are based on game scores in regulation play, which is 90 minutes plus injury time. If a team fails to cover a spread in regulation time, but then scored in an extra period, the official wager grade will still count as the team failing to cover the spread.

What does -110 mean

The -110 on either side is like paying a tax or commission to the sportsbook. Usually, bettors pay 10 percent (aka juice or vig) to the sportsbook, which is essentially a fee for brokering the wager. So the -110 indicates that a bettor must risk $110 to win $100. Smart sports bettors will always try hard to find the best number and prices possible when it comes to point spreads and moneyline betting. You may have heard the term “price shopping” before. It means to search for the best value possible. If you could go to the store and buy a Football  jersey for $110, and the exact same jersey is on sale across the street for $102, it would make sense to pay $102. Experienced bettors call this “price shopping”. Finding the best prices and odds takes time, and requires experience in order to know which bookmakers offer them.

Strategies

Sports betting isn’t always about who is the most accurate at picking who is going to win each game. Due to the various types of bets offered in 2018, there are tons of strategies that can make you successful. Point spread betting is a perfect example of this. Understanding a teams strengths and weaknesses can play a large part in deciding whether you successfully win point spread bets. Some of the best strategies to profiting off point spread betting is to take advantage of bonus offers, use multiple betting sites, be aware of home vs away records, and understand key numbers related to this type of betting.

Example:

The bookmaker will evaluate a game and set a number called the point spread on each game.

Juventus -½ (+115)

Benevento +½ (-150)

The spread in this game indicates that if you were to wager on Benevento, they would have to win by at least a half a goal in order to win the bet. Obviously in this case if they win the game, it will be by at least this much. One way to think of it is to assume the underdog teams gets a head start. If the spread is 1.5 points, figuratively speaking the underdog will being the game with a one goal lead.

The payout would be distributed based off the odds attached to the point spread the same as any other bet. In this example, a successful $100 bet on Juventus would pay-out $115, while a $150 bet on Benevento would pay $100 if won.

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