What Is A Point Spread In Sports Betting?
If the final score is something like 44-40, then the combined score would be 84, meaning the game is an over. If the final score is something like 33-32, making the combined score 65, then it is an under. The point spread is another form of betting odds that’s very similar to a moneyline bet. The difference is that in addition to predicting who will win the game, the point spread includes a margin of victory.
So, to calculate our profit from American Minus Odds we divide our stake by the odds and multiply that figure by 100. To calculate our profit from Plus American odds, we multiply our stake by the plus odds then divide by 100. To illustrate, we will explain the three most popular ways of displaying odds and how to calculate odds to find your expected profit.
This is why casinos and sportsbooks employ professional oddsmakers to set the lines that are most likely to draw equal interest on both sides of the bet. That way the casino makes a profit on the commission regardless of which team wins. As we said before, a bettor laying action on a -110 point spread line must lay $110 to win $100. The oddsmakers want equal action on both sides because if they can do that, they reduce the risk of taking any big losses and guarantee their profit on the juice from each bet.
If the Eagles win the game, an Eagles money line bettor who wagered $100 would make $200 profit and therefore collect $300 at the counter. So in order to win their bet Seahawks point spread bettors need their team to win the game by more than 5 points. In order for Eagles point spread bettors to win their bets, the Eagles just need to lose by less than 5, or win the game. If the Seahawks win the game by exactly 5 points the result of the point spread addition or subtraction is a tie.
Read sporting odds as the likelihood that one team, athlete, or horse, will win. The most common use of odds is found when placing a bet on a sporting event. You should now have the knowledge to read betting odds, understand how likely it is to happen, and how much you stand to win. Parlay – A single bet that links together two or more wagers; to win the bet, the player must win all the wagers in the parlay. If the player loses one wager, the player loses the entire bet. However, if he wins all the wagers in the parlay, the player wins a higher payoff than if the player had placed the bets separately.
This is how the playing fields are levelled by oddsmakers. ‘Puck Line Bets’ or ‘Puckline Bets’ are the hockey equivalent of NFL point spread bets or NBA point spread bets. They are also similar to ‘Runline’ bets in baseball which we are going to address shortly. Assuming the Philadelphia Eagles vs. Miami Dolphins example above, with a bet on the Philadelphia Eagles, you will win if the Eagles beat the Dolphins by at least 10 points. That (-) 10 is the minimum number of points that the Philadelphia Eagles must be ahead of the Miami Dolphins at the final whistle.