Spread betting is any of various types of wagering on the outcome of an event where the pay-off is based on the accuracy of the wager, rather than a simple “win or lose” outcome, such as fixed-odds (or money-line) betting or parimutuel betting.
What is a +0.5 spread?
Point Spread betting is basically betting by how much a certain team will win or lose.
What happens if you bet the spread?
The point spread: When betting on football, the team you bet on must “cover the spread.” This means the team must win or not lose by a predetermined margin of points. … The point spread is always placed to the immediate right of the team that is favored.
How does the spread payout?
Unlike moneyline bets, point spread bets are almost always paid out at the exact same rate on both sides. … Typically, these bets are all paid out at -110. This means that for a $100 wager, you will get $90.91 in profit. If you bet the other side of the game, you will receive the exact same payout.
What does a 3.5 spread mean?
Since the point spread is 3.5 points, a bet on the Buccaneers would be placed if you believe they can win by at least 4 points or more. … For example, if the final score is 20-17 they win by 3 points but lose the point spread of at least 3.5 points. The New Orleans Saints have remained within the 3.5-point spread.
What does a negative point spread mean?
A point spread is a bet on the margin of victory in a game. The stronger team or player will be favored by a certain number of points, depending on the perceived gap in ability between the two teams. A minus sign (-) means that team is the favorite. A plus sign (+) means that team is the underdog.
What does a positive spread mean?
The negative (-) sign indicates that the Cowboys are the favorites, while the positive (+) sign indicates that the New York Giants are the underdogs. With the spread set at 2.5 points, a bet on the Cowboys would mean that they would have to win by more than 2.5 points (3 or more) in order for you to win that bet.
What do odds of +200 mean?
When a money line is a positive number then the odds are the amount you would win if you were to bet $100 and were correct. For example, a money line of +200 would mean that you would make a profit of $200 if you bet $100 and were correct. … It is also equivalent to fractional odds of 1/2 and decimal odds of 1.5.
How much money would you win if you bet $100?
This means for every $100 you bet, you win $200. Undeniably, American odds are the most straightforward.
What does a half point spread mean?
That extra half point ensures that there will in fact be a winner and loser in regard to the point spread. This means that the sportsbook will in fact rake in the losing bets and pay out the winning bets with that money, which in turn allows them to turn a profit.