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Point spread
Definition: Used to even the odds of a particular sporting event. Each team has points either added to its score, or subtracted from
its score, to determine if the bet is a winner.
Examples: The sportsbook set the point spread at 7 for the Patriots vs. Eagles in the Super Bowl. The Patriots are favored so they
will be listed with a -7. The Eagles will be listed with a +7. If Leo bets on the Patriots, then he does not win his bet since after
deducting 7 points from the Patriots final score, it would appear that the Eagles won. If the Patriots won by more than 7 points,
then Leo would win his bet.
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SPORTSBOOK AT I-SPORTSBOOK.COM
Reading and Understanding Point Spreads
Vital for Football and Basketball Betting
Emily loves sports – college football, NFL, and NBA. She knows a lot of people have a blast betting sports and wants to join the fun.
But Emily is unsure of how to get started with sports gambling. In the newspapers and on the Internet she always sees “point spreads”
(sometimes called “lines”) on the games but isn’t exactly sure what the numbers mean.
Understanding point spreads is a key first step to learning about sports betting. Emily’s not alone in needing the basics of point
spreads explained, so let’s all learn how to read point spreads together. Then we'll be on our way to enjoying the fun of sports
betting.
What Is the Point Spread?
In any football or basketball game (the main sports that use point spreads) there are two teams playing against each other.
Those teams, though, are rarely exactly evenly matched – meaning that typically one team has a better chance than the other to win
the game. If bettors were allowed to bet on who was simply going to win the game, smart ones would obviously bet on the better team
(likely winning more than 50% of the time in the process). If winning were that easy the Las Vegas and offshore sportsbooks would
stop taking any bets! This is where the point spread comes in: the basic function of the point spread is to balance the likelihood
of each team “winning” by adjusting the final score by the point spread. After this adjustment is made you get the Against The
Spread result (ATS result for short).
Let’s look at Super Bowl XXXIX, New England Patriots vs. Philadelphia Eagles. Most people believed the defending champ Patriots to be
the better team – so if betting were simply based upon which team would win the game, an uneven majority of people would have wagered
on New England. But, by using the point spread, the bookmakers adjusted the terms of the bet, evening the proposition so about half
the people believed the Pats to be the smart bet, while the other half considered Philly to be the smart bet.
How to Read the Point Spread
New England Patriots -7 vs. Philadelphia Eagles
The better team, called the Favorite, is expected to win the game and must “give” or “lay” points to the weaker team. The favorite is
listed with a minus sign and the number of points they are favored by (e.g., New England -7) In the case of our example, New England
must not only win the game, but they must win by more than 7 points for Pats bettors to have a winning ATS result. An Eagles bettor
wins his bet either if:
Philly wins the actual game by any amount of points
OR
Philly loses the game by less than 7 points.
There was also the possibility that the final score could land exactly on the spread number (for example, the Pats winning 28-21
when -7), which is called a “push” or “no action” and a refund is then issued to bettors of both teams. The same game with the same
point spread can be considered from the weaker team’s perspective: The Underdog (Philly in the case of our example) is not expected
to win the game and thus receives or “gets” points given by the stronger team. When a game is stated from the underdog’s perspective
the team is listed with a plus sign and the number of points they are underdogs by:
Philadelphia Eagles +7 vs. New England Patriots
Keep in mind that Philadelphia +7 and New England -7 is the same point spread on the same game, simply stated differently. The first
is from the underdog’s perspective; the later is from the favorite’s.
For Those Who Like to Consider Things Mathematically
Not a must, but for some a mathematical approach is insightful. You can determine the ATS winner by either:
Subtracting the point spread from the favorite’s score (thus the minus sign before the number) and then compare to the underdog’s score
OR
Adding the point spread to the underdog’s score (thus the plus sign before the number) and then compare to the favorite’s score
Who Really “Won” the Super Bowl?
Let’s look at the actual result of Super Bowl XXXIX: New England 24 Philadelphia 21
The favorite, New England, won the game but not by more than the point spread they were favored by (7), so the ATS result was a LOSS for Pats bettors.
Looking at it from the underdog’s perspective, Philly did not win the game, but they lost by less than the point spread (7), so the ATS result was a WIN for Eagle bettors.
Mathematically considered, 24 for the favorite Pats minus 7 equals 17, which is less than the 20 the Eagles scored, so the underdog Eagles win the ATS result (or you could figure 20 plus 7 equals 27 for the Eagles, which is more than 24 for the Pats).
Emily’s boyfriend understood the point spread and wagered $100 on the Eagles at +7. The Eagles may not have gotten a Super Bowl ring, but since they won the ATS result Emily’s boyfriend cashed his bet – giving him money to take her out to a nice dinner.
And now hopefully you understand how to read point spreads, putting you one step closer to joining the fun of sports betting.
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