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There are a few instances when it's a good idea to bet on a point spread. The first is when both teams are relatively equal because there's a higher chance that you can win your bet. Another instance is if you're trying to get a larger return. These bets can give a great payout, but they can also cause you to lose a nice chunk of change.
The final instance is when you know what you're doing and completely understand spread betting because placing a bet when you aren't sure what you're doing can lead to losing quite a bit of money. Benefits of Point Spread Bets Some of the benefits of these types of bets are listed next.
Don't have to choose a team to win Chance for a high return Point Spread Betting Strategies How to bet on Super Bowl Predict and Exploit Sometimes, an extra half-point or full point could mean the difference between winning and losing your bet. The easiest way to do this is to watch the lines leading up to the game and decide if you want to bet now, later, or not at all.
Remember, though, once you place your line bet, you're locked in and can't change it. All you do is take the games you think you'll be interested in betting on and put down what you think the spread will be. Once you have everything down, you'll be able to look at the actual lines and see how far off you were.
Simply put, if you see that the lines are equal or more in your favor, place your bet! The Public and the Sharps If you're planning on betting on the underdog, you should wait until a few days before the game. As it gets closer, more people in the general public are going to be placing bets and the amounts will go up. Try to wait as long as possible before placing your bet.
If you see a lot of movement earlier in the week, that's probably because of bettors that have a lot of money on the line. This is a good way to see where you should put your money. How to understand betting odds? Double Down Let's say you place a bet on Team A to win. If you see that everything is moving more in your favor, don't be afraid to double down and place another bet. This could lead to winning double the money!
How Point Spread Are Used in Different Sports Even though point spreads are used across multiple sports, they're all read pretty much the same way. The only difference is how they score. For example, football would be goals, basketball would be points, and hockey would be goals. It'll all depend on the game and if you aren't sure, you can reach out to the pros handling your money. How To Read a Point Spread It's actually really easy to read spread bets once you know what you're doing.
Let's say Team A is The minus means that Team A is the projected favorite and the plus means that Team B is the underdog. With Team A, they'll have to win by 7 or more points for you to win your bet and Team B will need to win or lose by less than 7 for you to win your bet. If Team A doesn't win by 7 and Team B either doesn't win or loses by more than 7, then you won't make anything. Managing Risk in Spread Betting The great thing is that there are multiple tools that you can employ to manage your risk.
For starters, you'll want to make sure you know the market you're betting on because it's never a good idea to go in blind. You'll also want to make sure you have earnings reports to ensure you know where your wins and losses are. Finally, make sure you're using stop losses to ensure you're in a favorable position if the market turns on you and you'll be able to lock in winnings without accidentally losing them all back. Betting Spreads FAQ We understand that betting spreads can be confusing, so we put the answers to some of the most frequently asked questions below.
Take a look below to see them. What is a spread betting example? What do spread bets mean? With spread bets, the plus means the underdog will be getting the points, and the negative means that the favorite is giving up that amount of points. What does handicap 1. What does spread betting mean? Spread betting is when you bet on a team to either win by a certain number of points or a team that has to lose by less than a certain number of points.
It's one of the only bet types that you need to be accurate on. What does 1. What does a minus 6. A minus 6. As you can see, spread betting is easy to understand once you learn about it. You have the chance of winning decent amounts on this type of bet and most bookkeepers offer it. Weather: Obviously, this pertains to outdoor sports only, but inclement weather—wind, rain, snow, etc. That said, poor weather more often leads to line moves with totals i. This fee is displayed in the same manner as moneyline odds.
The standard odds for spread wagers is for both the favorite and the underdog. Who Keeps the Vig? The answer to this question: It depends on which side wins the wager, the bettor or the book. Here are two examples that illustrate where the vig ends up: Matchup: Baltimore Ravens vs. With other sports, spread betting is a bit different yet still not all that difficult to comprehend. The main reason: Football and basketball are higher-scoring sports that often feature final scores with wide margins , , etc.
Point spreads help tighten those margins in the betting market. Conversely, baseball, hockey and soccer are traditionally lower-scoring sports with tighter victory margins , , , etc. The key difference? Whereas the vig in football and basketball spread betting is most often on both sides, in the other sports, it can vary greatly.
You can instead choose to bet the Astros on the run line at odds. The puck line odds would be much more extreme, roughly Golden Knights Because oddsmakers believe this contest is a virtual toss-up hence the tight moneyline odds. Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities.
Performance information may have changed since the time of publication.
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However, sports betting odds reflect just one part of the betting process. What Are the Lines? If you bet the Celtics -5, they would need to win by more than five points for the bet to win. Sports betting odds and lines come from sportsbooks and are offered to the consumer. The odds can come from a third-party firm, such as Kambi Group, or through in-house development.
Sportsbooks that use the same third party for their odds typically have identical lines for many markets, but various promotions often alter lines. Who Sets the Odds for Sports Betting? Sportsbooks typically have a head oddsmaker who sets the odds and lines for games and events. This oddsmaker relies on sources such as computer algorithms, power rankings and outside consultants to set precise lines. There are three ways to present odds. The first way is American odds.
If the bet is favored to win, you will see negative odds - sign in front. These odds can be scaled up and down. The spread at -3 suggests the teams are fairly equal and maybe in this case, the Colts are only -3 because they are playing at home. Bookmakers see these teams as equal and expect to receive fairly even money from bettors. In a spread bet, the odds are usually set at on both sides , depending on the sportsbook and state. If you like the Colts to win but think three points is a tricky number, a moneyline bet could be made on the winning team with no points in the equation.
In the above example, a Colts moneyline bet doesn't have any other requirements other than they win the game. The difference is that their odds may be set at to win. While betting the Colts moneyline leads to a smaller payout, an underdog moneyline bet on the Texans would yield more money because you'd get money on them winning the game straight up.
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