What is a Point Spread?
Point spreads are more common in the USA, but you can see them throughout the world. A point spread, in concept, is that the sportsbooks attempt to make a”level playing field” Let us look at an exaggerated example that will make this clearer. Let’s say the New England Patriots are playing a game against a junior varsity high school soccer team. They’re also utilizing deflated footballs, along with the Patriots get to see the high school team’s playbook before the match. If a sportsbook were to permit you to wager on which team would win, everyone would bet on the Patriots because they would likely annihilate this other group.
Exactly what the sportsbook will to resolve this is they”place” that the underdog team some points to make it fair. Obviously, these points aren’t contained in the true score to ascertain who wins or loses the game, but they are calculated in to determine who”wins” the game in the sportsbook’s eyes. Should you ever played basketball for a child against an older sibling or your dad, they’d sometimes”place” you some things to make it more palatable. Let us say you were enjoying to 20 points, they might”place” you 10 things to make it fairer. They would then have to score 20 points to win, but you would only have to score 10. This gives you a chance.
The concept of a point spread is extremely much like the exercise from the childhood. Let us look at some actual point spreads from a sportsbook and everything will make sense.
Point Spread Bets
These are the point spread bets available for three preseason NFL football games. Let’s begin by identifying all of the components of those bets so that you understand what you are looking at. The first column is that the 2 teams that are competing. This is supposed to be quite straightforward. The next thing you will see is that a plus or minus sign on every team’s line. Teams with a minus sign in front of the number are the favorites and teams together with all the plus signs are the underdogs. In the above examples, Chargers, and the Chiefs, Seahawks are all the favorites. The Bengals, Broncos, and Cowboys are underdogs.
The number that comes after the plus or minus sign is how significant of a favorite or underdog the groups are, regarding points. In the first match, the Bengals are a 1.5 point underdog. This usually means that the sportsbook believes the Bengals are going to eliminate the match by 1.5 points. This means, by default, that the Chiefs are a 1.5 point preferred. This means the sportsbook believes the Chiefs will win the game by 1.5 points.
As you’ll see, the point spread for every team is the exact opposite. This is logical since in the event that you believe Team A is going to win by 10 points which means you believe Team B will drop by 10 points.
What exactly does this imply for the way you win a point spread wager? Glad you asked. To acquire a point spread wager, you pick the group that you believe will”win” after the point spread differences are calculated in. Let us look. From the above graph, we see that you can wager the San Diego Chargers at -3. This implies, as we already stated, the sportsbook believes the Chargers are the favorites and they are likely to win by three factors.
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