You may have heard the term “covering the spread” or the phrase “betting against the spread.” This means that if the favorite team wins an event with the point spread taken into account or that the underdog team wins with additional points, they have covered the spread.
What does +7 mean in point spread?
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.
How does betting the spread payout?
Unlike moneyline bets, point spread bets are almost always paid out at the exact same rate on both sides. … Typically, these bets are all paid out at -110. This means that for a $100 wager, you will get $90.91 in profit. If you bet the other side of the game, you will receive the exact same payout.
What happens if you bet the spread?
The point spread: When betting on football, the team you bet on must “cover the spread.” This means the team must win or not lose by a predetermined margin of points. … The point spread is always placed to the immediate right of the team that is favored.
What does against the spread mean?
Betting “against the spread” (ATS) just means you’re betting on the point spread in a particular matchup as opposed to the moneyline, or some other type of wager. Bettors often use a team’s ATS record to gauge its performance against the spread.
What does a positive spread mean?
The negative (-) sign indicates that the Cowboys are the favorites, while the positive (+) sign indicates that the New York Giants are the underdogs. With the spread set at 2.5 points, a bet on the Cowboys would mean that they would have to win by more than 2.5 points (3 or more) in order for you to win that bet.
What do points mean in gambling?
Taking points refers to the favorite in sports betting, which is the opposite of giving (laying) points. For example, if you bet the Lions as a +6.5 point underdog against the Bears, it means you’re “taking six points” from the other team, as in the Lions are starting the game up 6-0.
How much money would you win if you bet $100?
This means for every $100 you bet, you win $200. Undeniably, American odds are the most straightforward.
Is betting the spread even money?
The spread, also referred to as the line, is used to even the odds between two unevenly matched teams. … In a spread bet, the odds are usually set at -110 on both sides, depending on the sportsbook and state. That means whether you bet the Colts -3 or Texans +3, you’ll win the same amount of money if you win the bet.