If you’ve never set foot in an actual sportsbook before or logged into an
online sportsbook, the chances of you getting overwhelmed when you actually
do is very high. In an actual Las Vegas sportsbook, there is typically a
lot of commotion and the odds and lines are displayed on a massive digital
board for everyone to see. When a novice sports bettor looks at the massive
digital signage, they will see a bunch of numbers, both positive and
negative, some two digits, some three digits. They also won’t have a clue
what any of it means. The same can be said for the online sportsbooks. It
looks like a massive spreadsheet with negative and positive numbers beside
each teams’ name.
The easiest way for me to describe what all these numbers mean to you is to
define it as point spread betting. Point spread betting is the most popular
way to bet on the NFL and NBA, and it is a way for a sportsbook to generate
betting interest on both sides.
Linemakers who work for the sportsbooks must put out lines that will entice
the “favorite” bettors to
lay the points
and take the favorite or entice the underdog bettors to
take the points
with the underdog.
As an example, let’s say you are looking to place your very first wager on
the Super Bowl. You look at the matchup either online or at a Las Vegas
sportsbook and this is what you see:
Kansas City +4.5 (-110)
Carolina -4.5 (-110)
How Do Point Spread Bets Work?
Using the example above, the linemakers have determined that the Carolina
Panthers are 4.5-point favorites over the Kansas City Chiefs. The favorite
team can also be referred to as the
. The favorite will always be represented by a negative (-) number, while
the underdog will always be represented by a positive (+) number.
Based on the line above and which team you decide to bet on, the Panthers
must win by five or more points in order for those with a Panthers (-4.5)
ticket to be declared a winner. As long as the Panthers win by five or more
points, the final score itself does not matter. A 10-0 win is just as much
a winner as a 56-50 win.
However, if the Panthers were to win the game by four or less points, then
all Panthers backers can toss their tickets in the trash. A 17-14 or 21-17
Panthers win would cash the tickets with Chiefs +4.5 on them. A Falcons
outright win as 4.5-point underdogs would do the same.
What is the -110 Line?
The standard price to pay when betting on point spreads is (-110). This is
the sportsbooks way of ensuring a profit no matter which side covers the
spread. The extra 10 cents is also known as the
“juice” or “vig”
. Paying the extra 10 cents is like paying a tax or commission to the
sportsbook for brokering the bet.
The -110 line means that in order for you to profit $100 you must wager
$110. Some sportsbook offer something called
, which means that you can still profit $100 but the risk is a few dollars
For example, if you see reduced lines such as -7.5 (-105) that means that
you must risk $105 dollars in order to profit $100. If you see -7.5 (-102)
then you must bet $102 in order to profit $100. It may not seem like a big
deal at the time, but saving a few bucks each time over the course of the
season can really help your bankroll.
Which brings me to my next point. If you are serious about getting into
sports betting, it is vital to have more than one sportsbook to make a
wager at. Shopping around for the best lines will help your bankroll and
you will be able to turn a bigger profit. If you see a pair of sneakers for
$110 at one store, and the exact same pair is $102.99 at another store –
which store are you buying them from?
What is a Push?
When betting the point spread, there is almost always a winner and a loser.
However, in some instances sportsbook decide to put out a whole number such
as -3 for bettors to bet on. If the final score ends with a differential of
three points – no matter who wins – the bet is considered a “push” and all
money is refunded to both sides since neither team covered the spread.
What does Pick’em or PK Mean?
When two teams are evenly matched, and the sportsbook can’t decide which
team should be the favorite, they will release PK lines which means neither
team is favorite. The team you wager on must simply win the game by any
score in order for your ticket to be graded as a winner.
What Happens When the Point Spread Changes?
This is a very common occurrence throughout the sports betting industry.
Sportsbooks have the right to shift the spread or odds for any given match
prior to it starting. Many factors play a huge role in this decision, and
they include injuries, weather, the volume of bets on one side, and
anything in between. Depending on the time you place your wager, the bettor
may also have an advantage or disadvantage based on which way the spread
Opening Line: Carolina -4.5 vs Atlanta +4.5
Thursday’s Line: Carolina -2.5 vs Atlanta +2.5
If bettors were quick to jump on the Atlanta line at +4.5 when it first
came out, they would have a distinct advantage over those who waited closer
to kick off and were stuck with +2.5. The opposite holds true for Carolina.
Bettors that were quick to pull the trigger are now laying two more points
than they would if they were patient and saw the line movement before
making their move.
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