Point Spread Betting
Another way to think about point spreads is as a hypothetical number you can add or take away to each team’s score at the end of the game. Once the point spread is accounted for, does that side still win the game? The higher the total payout (i.e., the higher the decimal odd), the less probable it is for the listed candidate to win. To win a three-way bet, you should pick an outcome of an event. If a wager covers regulation time only, you land a wager if your backed team wins.
The difference here is in the price or payout depending on which team you take. 3-way moneyline betting applies mostly to sports and events that can end in a draw. This type of bet is usually known as a 1×2 wager, meaning that you can bet on the home team to win, away team to win, or a draw.
Many factors can influence a change of the spread such as injuries, the number of bets coming in for either team or the weather, to name a few. Depending on the timing of placing the bet, the bettor can also have an advantage or a disadvantage depending on which way the spread has shifted. It’s especially the case in soccer since matches can end in draws, whereas a winner is declared in almost every other sport because of overtime rules.
Oddsmakers or handicappers determine the NFL point spreads assigned to each team in a matchup. In the NHL, favorites are given (-)1.5 odds and underdogs are given (+)1.5 odds. The puckline can be tailored accordingly, depending on how well the favorite is performing and how poorly the underdog is performing. The 1.5 goals standard in NHL bets is used because hockey is typically not a high-scoring game.
This value is used to calculate the potential return on a wager. Even Money is a bet that returns as much profit as the initial wager was. For example, a bet of $100 with a $200 return ($100 profit). A bet placed on the exact score of a match or event at full or part time. In-person at a sportsbook, be sure to articulate your bet clearly to the cashier. Your cashier will always show you your bet with its odds before you have to hand money over.
Only take the underdog if they aren’t priced too high — often, you’ll see them at (-200) or higher, which is far too risky. It’s also tough to take the favorite, especially if they end up winning by only one goal. However, it could be profitable since you get some solid value on the favorites. I prefer betting on the spread in MLB than NHL or soccer because baseball teams usually win by more than one run.