Having the option to be able to predict that a team might not win, but they might score enough points to stay neck in neck with their opponent can be greatly effective in an NFL betting strategy. NFL point spreads are very popular betting options because the competition is so fierce in the National Football League, therefore we see closer games, and sometimes less predictability.
MONEYLINE VS SPREAD HOW TO
Below we will outline how to bet the point spread in several different professional sports. Since not all sports have points per se, you might need to track other things like runs or goals. Since point spread betting is a little trickier, it actually is called different things depending on the sport you’re betting on.
MONEYLINE VS SPREAD PLUS
This gives us the same amount as decimal, as the odds are the exact same – you’d win $19.20 plus have your initial $20 returned to you for a total of $39.20.Ī helpful tip if you are planning to bet the same amount as the bottom number in your fractional odds, you will win that amount! Point Spread Betting By Sport If we use the same odds as above, the fractional odds would be 24/25, and if we decide to bet $20, we would multiply 20×24, which is 480, then divide that into 25. To determine how much you’d win using fractional odds, you would multiply your wager amount by the top of the fraction, then divide the result into the bottom of the fraction. Many times, it can be easier to think of odds in the fractional sense, by comparing them to one chance – like ten to one odds. So, if you decided to place a wager of $20, you would return $19.20, plus your initial $20.įractional odds are less popular in the United States, but some do use this option, so it’s worth mentioning. If your odds are 1.96, you will win 96 cents for every dollar you bet. You simply need to multiply your bet amount by the odds. The decimal odds will show you how much you would win for every dollar wagered. Your point spread odds can also be viewed in the decimal format, which is commonly used in Europe and the UK. If you bet the favorite, you would need to bet this amount to win $100. If you bet the underdog, the odds represent how much money you would need to wager to win your bet. These are common point spread odds.Ī good trick to remember when dealing with American odds is that you can determine how much you would win on a $100 bet very easily. If you’re familiar with moneyline odds, you won’t see large numbers here, you will likely see a range of numbers from -115 to +105. This odds format is the newest addition, and is displayed as a number in the 100’s. It really doesn’t matter which format you use, they all represent the same likelihood, it’s a personal preference.Īmerican odds are by far the most popular format in the United States, for obvious reasons. The odds for point spreads are displayed in your preferred format, and the options include American odds, Decimal odds, and Fractional odds. Oddsmakers are very skilled in predicting these margins, so the odds are usually fairly modest compared to moneyline wagers. These odds represent the likelihood of that team covering the spread. Now that you have an idea of how point spreads work, you need to look at the betting odds that are next to the actual point spread numbers.
If they lose by five, your bet won’t cash. If you bet on the underdog, they simply need to win the game or lose the game by less than four points. In basketball, you might see a point spread of -4.5/+4.5, which means the favored team will need to win the game by five points or more for your bet to cover the spread. Usually, you will see point spreads in a half-point format because if you use whole numbers, you could induce a push by hitting that number exactly. This essentially gives the underdog a head start before the game even begins, and puts pressure on the favored team to cover the spread. When betting the point spread, oddsmakers will determine an amount of points that they believe the score will be separated by and they will assign a positive number to the underdog, and a negative number to the favored team. Point spread betting is an easy betting type that allows for a small margin of error on whichever side of the bet you decide to place some money on.
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