Handicap Betting Explained 2021
In the above example, you will see the Tampa Bay Buccaneers and the New Orleans Saints both have -120 next to them. The -120 is known as the vigorish, or the juice – that’s the fee charged by the bookmaker for allowing you to place bets on these teams. The Steelers, on the other hand, appear to be a team in decline. After years of success, they lost many pieces from a once-elite offensive line and QB Ben Roethlisberger may be on his last legs.
It’s impossible to separate sports betting in America and the point spread. Learn all about point spreads, the great equalizer in sports betting, below. In this case, it’s favored that the final score of the match will be less than (“under”) 45 points. That’s everything you need to know about the point spread in NBA, NHL, NFL and MLB sports betting. ‘Puck Line Bets’ or ‘Puckline Bets’ are the hockey equivalent of NFL point spread bets or NBA point spread bets.
If you’re someone with deep pockets who likes to bet big, spread betting is for you since the limits will usually be large relative to other markets. Points spreads can cause some goofy situations in sports fandom and betting. Many are the bad beat stories from otherwise meaningless plays in long-decided games swinging the betting outcome. But at the end of the day, bettors enjoy spread betting, so it’s a staple of the industry. Another thing that many casual bettors don’t take into consideration when betting the MLB Run Line is the disadvantage that the home team has. When the home team is favored they will need to win by two or more runs in order for a wager on them on the run line to win.
It’s more impressive to win $150 when betting $10 per game than to win $200 betting $100 per game over the same number of games. Low-scoring sports like hockey and baseball do have point spreads, but they’re almost always -1.5 and +1.5. If Penn State lost by 6 points or fewer, or won the game, they covered the spread. A point spread is a bet on the margin of victory in a game.
But most casual sports bettors don’t have preset bankrolls. They don’t set aside $1,000 for a season and assume they’ll lose it. Point spreads are most commonly associated with higher-scoring sports like basketball and football, but can be used in any sport. Typically, sports bettors pay 10% to the bookmaker, the equivalent of a brokerage fee. In our example, the figure is -120, and it indicates that you must risk $120 to win $100.
That’s why lines are prone to changing right before start time. These pro bettors hold off on wagering until all information is out (e.g. injuries) and we advise doing the same. A dream scenario for over bettors as overtime means more time to score points!
Imagine you see the Lions +7.5 against the 49ers and, for some reason, you’re very excited to back the Lions. However, you normally bet $200 a game and you won’t have that sort of disposable income until you get paid on Friday. After a busy work week, you’re sipping a beer at home, shuffling your fantasy lineup around. You remember that line you wanted to bet, so you open your account and scroll down to find the Lions.
Since it is a bet on the total points scored it is irrelevant how many each team scores. Over/Under bets are not just limited to total points scored as below are some of the most common you’ll see. If you think not only you know who will win, but how the game will be played out then an over/under bet would appeal to you. Sportsbooks will set the total number of points scored thus allowing you to determine if more or less will occur.
Conversely, if one team is the underdog the odds need to be attractive enough to generate bets to counter all the bets on the favorite. Usually, spread betting involves laying -110, and a parlay essentially rolls over the winnings of each bet into the next bet. If you’re wondering how your parlay will pay out, just know most two-teamers pay a little less than 3-to-1, and the odds roughly double for each leg added after that. In this space, we’ll cover what the point spread is, how it works and other minutiae surrounding the most popular form of sports betting.