Point Spread Betting
The underdog is the team that is projected to lose the game. They are assigned a point spread with a plus sign (+) in front of the number, such as Carolina Panthers (+5.5). In this case, the Panthers would need to lose by five points or fewer or win outright for you to win your bet. The favorite is assigned a spread for the projected winning margin.
If you bet on Manchester United to win, you would win, as they effectively won the game 2-1 in the eyes of the bookmaker. In points-based sports, an even money contest is typically created by simply adding points onto the side deemed to be the underdog. Most experienced customers have factored the vigorish into their wagers, and plan their bankrolls accordingly in the interest of simple math and convenience.
The implied probability of +265 odds is 27.39% (100/(265 +100). Therefore, the fair price of a two-team parlay (both teams at -110 odds) is +300 (100/(300 + 100). This is why sportsbooks will encourage you to make parlay bets.
Learning what a point spread is, how to read a point spread is and how to formulate a gameplan on point spread picks increases your chances of success and profit. Betting on point spreads evens the risk and the reward, compared to moneyline wagering, where a bettor simply picks the winner or loser regardless of the odds. Developing your own criteria can go a long way to being successful betting against the spread.
The large majority of wagers involve bettors are picking a side in a game between two teams or individuals. A point spread is used by oddsmakers to even out a matchup from a betting perspective, assigning more or fewer points to a team’s final score. The plus (+) and minus (-) in sports betting can refer to either the point spread or betting odds.
Most legal sportsbooks around the country won’t allow you to make bets with Venmo. Most often, the information enters the market in the form of bets. These bets move the market because the sportsbooks respect the opinions of these accounts.