Point Spread Wagers - Sports Betting
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Point Spread Wagers - Sports Betting
This section of the Sports Gambling Tutorial on
Sports Betting provides
an explanation of point spread wagers in sports betting. With point spread bets,
the team wagered on must win by the point spread given at the time of the sports wager.
The team perceived to have less chance of winning is given a handicap of a
certain number of points for wagering purposes. This handicap is known as the
point spread, and is sometimes called the line or price. If a team has
a greater number of points after the point spread has been factored into its
final score, the sports bet is said to have covered the spread.
The favorite is always listed with a negative number. Why a negative number? For
wagering purposes, points are subtracted from the favorite's final score to
determine if the favorite is a winner.
Conversely, the underdog is given a positive number because points are added to
the underdog's final score to determine a sports wager's winners and losers.
Unless otherwise indicated, the odds are generally £1.10 to win £1.00. Events
that tie are considered "no action" - no one wins or loses. Due to changing
events, point spreads may fluctuate at any time.
Example Point Spread Bet
These types of bets are common in
American football betting,
basketball and other sports wagers. Let's say you make an American NFL football bet
of £110.00 on the Chicago Bears -6 to beat the New England Patriots +6.
If the Chicago Bears win by more than 6 points, you win £100.00, so the total
payout including the initial sports wager would be £210.00. If the Chicago
Bears only win by 6 points, then the game is considered "no action" and all money is returned to the
bettor. If the Chicago Bears win by less than 6 points the sports wager is lost.
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