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What Is A Point Spread Bet?

This is a very common occurrence in sports betting and sportsbooks have the full right to shift the spread or odds for any given match prior to its start. Many factors can influence a change of the spread such as injuries, the number of bets coming in for either team or the weather, to name a few. Depending on the timing of placing the bet, the bettor can also have an advantage or a disadvantage depending on which way the spread has shifted. Betting an alternate spread should only be used for two scenarios. The first is when a bettor thinks the favorite is undervalued and stands a chance to cover a higher spread.

Or, instead of laying just 2.5 points with the favorite Pelicans, a confident bettor could choose to lay upwards of 10 points or more. These examples of drastic changes from the original spread are where the biggest payouts would be. A sports bet in which the bettor guesses that the total points scored by two teams will be under a certain figure.

If a matchup is between two competitive and even teams sometimes there won’t be a point spread which is referred to as a pick’em. In this scenario the point spread isn’t in play and a bettor would place a moneyline wager on the desired winning team. Sportsbooks use point spreads to make the game even and they’ve become very popular amongst bettors. Moneyline odds of -600 is very hard to establish long-term success because the winning payouts are small and one loss could eliminate any positive gains.

In each sport year we calculated the mean and standard deviation of the line and totals. We then categorized each line and total as being relatively high if it was more than 1.5 standard deviations above the mean. We then estimated probit models that relate an indicator variable for the line being a half line against the line being relatively high. The punter usually receives all dividends and other corporate adjustments in the financing charge each night.

However, in hockey, moving a line by half a goal is a big difference. It’s most common in point spread betting to have odds of -110 on both sides. If sportsbooks were able to attract perfectly even betting action on both sides, they’d be keeping $10 of every $110 wager placed. The general consensus is that the majority of the time the betting public supports the favorite.

The large majority of point spread bets come with a juice applied to the payout odds. The juice is another term for the “vig” or “rake,” and it is the money a sportsbook or sports betting operator takes on a wager. The most popular sports bets are based on the point spread. The point spread represents the margin of points in which the favored team must win the game by to “cover the spread.” Bets on the point spread are usually offered at 11 to 10 odds.

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