Point spread betting is a fantastic way to gamble on many types of sports, like football, basketball, baseball, and more. So we’ll go over how the spread betting systems work as well as what point spread bets are.
If you wish in betting at a Sportsbook in Singapore, then you should know how to place them. In addition, we’ll go over how they operate in all of the major sports. Moreover, we will guide you on how to determine the teams that are most likely to cover the spread.
Betting On Sports Using Point Spreads
Most fans of any sporting event are well-versed in the game as well as the strengths and shortcomings of each team. They can profit from this knowledge by wagering on specific game results. Both online and land-based bookies provide a wide range of betting options.
A bookmaker or online gambling site provides two possibilities for the better. You have the option of betting on either the favorite or the underdog. These options are often in the form of fixed-odds or money line bets.
When a strong club faces a somewhat less strong team, however, the bookmaker may discover that the majority of bettors support the strong team. Therefore, it makes it harder for the Sportsbook to benefit from the wager if the favorite wins.
Sports Betting Systems: What is point spread betting?
Point spreads, also known as lines or handicaps, come with odds. The majority of point spreads will have odds of -110 or less. In addition, bookmakers use them to even out the odds between two teams that are not evenly matched. To generate equal action on both sides of a game, bookmakers set a spread.
Bookies prefer not to take such risks and want to make betting a 50/50 proposition. That is why they provide odds on not only which side will win, but also by how many points.
A point spread is a name for this type of wager. The bookmaker or gambling site assures you that each side has a fifty percent probability of winning. In addition, they ensure that the number of bets they receive is almost equal. Instead of benefiting from any specific outcome, the Sportsbook operates as a broker and collects a fee on the bets.
Understanding Sports Betting Using Point Spread
When two teams compete, one usually has a higher chance of winning than the other. That is the favorite, and it is the team on which the majority of people want to wager. Sportsbooks, on the other hand, face large losses if everyone bets on the same team to win.
That’s why bookies attempt to obtain the same level of action on both sides of each wager. That way, regardless of which side wins, they’ll earn a profit from the vig they charge. The spread betting system is one way in which bookmakers make both sides equally interesting to bettors.
The superior team must win by a particular amount of points or goals. Still, the underdogs might lose by the same number of points or goals and still win if you bet on them. In the spread betting system, it’ll be more like a 50/50 coin flip when deciding between the two teams this way. Point spread betting is a popular kind of wagering employed in sports. Since the 1940s, it is prevalent in leagues such as the NHL, NFL, NBA, MLB, and English football.
Betting On The Point Spread: How Does It Work?
The point spread’s objective is to level the playing field between opposing teams in a game. Sportsbooks can give bigger rewards when both sides draw an equal amount of betting action. This usually happens in games with lopsided opponents.
To do so, handicappers determine a win (or loss) margin that both teams must cover to win the wager. The point spread bet, which is represented as a number, works in three ways:
- An actual point spread is presented.
- It increases the underdog’s final score by a certain number of points or goals.
- The point spread bet allocates points/goals from the point favorite’s final score.
Your spread bet wins if the team you chose wins after the point modification.
How to win in spread betting?
What are spread betting systems in a 4-point spread?
Let’s say you are betting in a 4-point spread. In this game, the favored team must win by more than 4 points for the punters to win. The underdogs, on the other hand, can lose by one, two, or three points. Alternatively, the underdogs can also win the game outright and still win the wager. However, your bet loses if the underdogs lose by more than 4 points.
Let’s take a look at how sportsbooks promote point spreads and how they function using an example:
A sportsbook Singapore gives a -7 on Chelsea and a +7 on the Man United. In this case, Chelsea must win by more than seven points to cover the spread. On the other hand, Man United may cover the spread by losing over six points or winning the game outright.
For a newbie sports bettor, sports betting odds may appear strange at first. But don’t worry, you’re never far away from comprehensive knowledge. The truth is, it is not that difficult to understand spread betting odds.
What spread betting odds is and how they work may differ slightly from one sport to the next. Nonetheless, certain general concepts apply to all elements of sports betting.
The amount you are paid on a point spread bet is set by the odds available at the time of the wager. In addition, the odds that determine the payment are listed in parentheses next to each point spread. Usually, they come in American odds and appear just like the odds on a moneyline bet. For example, the spread betting odds look like this: +125 or -120. To determine your payoff, first determine if the odds are positive or negative.
- Negative odds represent how much you must wager to win $100. Let us say the odds are -125. It means that you need to wager $125 to win $100.
- Positive odds represent how much you will win from your $100 stake. Let us say the odds are +195. It means that you will win a $195 profit from your $100 stake.
Using multiples of 100 makes calculating the value and cost of a bet quick and simple. It doesn’t mean you have to place $100 bets. Instead, you can wager as much as you wish depending on the maximum and minimum bet limit of the Sportsbook. In addition, the payment is scaled up or down depending on how much money you wager.
What Are The Point Spread Rules?
If you want to learn how to win spread betting, you must first understand the rules of spread betting systems.
The point spread betting rules include:
- Locking in odds
- Scenarios that results in a push
- Inclusion/exclusion of overtime
All of these regulations will be covered so you know precisely what to expect from your spread bet.
1. To determine your payout, it needs the odds you took while placing a spread bet. Spreads are known to alter as the game approaches. However, these adjustments will not affect the bet you’ve locked in.
2. In spread betting systems, point spreads can be entire numbers or half-numbers, such as 4.5. Let us say the spread is a whole number, such as 4. It means that the favorite has a probability of winning by the exact number shown in the spread. When this happens, the bet is neither a win nor a loss. It will become a push, which means that bettors get their whole stake back.
3. All major sports incorporate overtime and penalty shots (in the case of the NHL). However, tournament soccer, such as the World Cup is exempted from this rule. Soccer spread bet does not include overtime unless it is a friendly match.
What Is Push in Betting?
After discussing how point spreads work, let’s go thru the spread betting differences between games with lots of scoring and games with very little scoring. There are two types of point spreads that illustrate this distinction:
Flexible Point Spreads
These are point spreads wherein any number that the bookmaker thinks proper for the game. Spreads like these are employed in high-scoring sports like football and basketball.
Systematic Point Spreads (Puckline and Runline)
Sports with smaller points or goal totals, such as baseball and hockey use systematic point spreads. The spread is the same for every game in these cases.
How Does Spread Betting Systems Work?
Starting with a flexible NFL spread, we’ll walk through an illustration of these two types of point spreads.
Consider a matchup between the New England Patriots and the Kansas City Chiefs. These teams are both having solid seasons. The Patriots are the favorites since they have the stronger record. Furthermore, you can tell that this game will happen at Arrowhead Stadium in Kansas City. Usually, the home team is listed at the bottom of the two lines.
- Patriots -3 (-110)
- Chiefs +3 (-110)
So, how do spread betting systems work in a three-point spread?
In this game, we are looking at a three-point spread. The favorite always has a negative spread, whereas the underdog always has a positive spread. Because of the 3-point spread, the Patriots must-win Kansas City by more than 3 points for their bets to pay off. The Chiefs, on the other hand, can cover the spread whether they win or lose by 1 or 2 points. When calculating the final result, bookies consider the overtime.
Meanwhile, there is also the possibility of a third outcome in this match. If the Patriots defeat the Chiefs by precisely 3 points, say 10-7, the game is a tie. As a result, the gamblers receive their money back.
However, bookmakers need to use a spread that includes a half-point spread to games where there are no half-points, like:
They do this to avoid pushes in sports betting.
What Are Sports Betting Spread Tie?
- These are spreads where whole numbers might result in a push.
- Half-point spreads that will not result in a push.
In sports betting, what does it mean to be “against the spread”?
You may encounter this sports betting term in various circumstances. In betting terms, betting against the spread means placing a point spread bet. Simply put, you’re betting that the underdog will lose by a smaller margin than the point spread implies (or win the game outright). You can also wager on the favorite winning by a larger margin than the spread.
However, a team’s overall record “against the spread” measures how well it has performed against the point spread’s expectations. As a result, it differs from a pure win-loss record.
For example, a win “against the spread” occurs when a favorite “covers” the spread. On the other hand, a win “against the spread” occurs when an underdog loses by a margin smaller than the spread.
Spread Betting Systems FAQs:
Can you make money through sports spread betting?
Spread betting may lead to huge winnings when you correctly place these bets. Only after building a systematic trading technique based on years of experience do the majority of spread betting traders succeed. Moreover, only a small number of those trying to succeed, while the majority of those trying to fail.
How do bookmakers calculate point spreads?
When determining point spreads, bookies consider a variety of criteria. They will look at things like the team’s overall power rankings, game location, and public perception. Moreover, they also consider the teams’ injuries, matchups, and the game’s influence on the league standings. A Sportsbook will come up with spreads that balance out the two sides based on these factors. However, such predictions are rarely precise. In addition, a bookmaker may make a mistake with the point spread. As a result, this mistake allows you a chance to profit.
Is it possible to mix spread betting and a prop bet?
No. In sports betting, concepts like over/under betting, moneyline bets, and spread betting will come to your mind. Moreover, these betting methods are all based on the game’s outcome. Prop bets, on the other hand, are more difficult to understand since they frequently involve a question. For example, who will make the first goal?