What Is Covering The Spread

As a fan, you don’t care if your team wins by a point or 100. A win is a win, though that 100-point win would be a little easier on the nerves.

The Chiefs needed to win by 4 or more points to cover the spread. Likewise, the Buccaneers were 3-point underdogs. That means the Buccaneers needed to win the game outright or not lose the contest by 4 points or more. At Chiefs -3, if they won by exactly 3 points, the betting result would have been a “push” and bettors for both sides would. “Cover the spread” means that a favourite wins an event with the handicap taken into account or the underdog wins with additional points. The spread goes beyond classifying a team as the favourite or the underdog and assigns a numerical value to the perceived difference between teams.

1. Covering the Spread podcast on demand - A sports-betting podcast that uses analytics to find edges across the sporting landscape. Hosted by Jim Sannes of numberFire and Dr. Ed Feng of The Power Rank. Part of the FanDuel Podcast Network.
2. Colts at Titans (-2) Charles: Titans. It’s a coin-flip for me, honestly. I wouldn’t bet on this game if I.

In sports betting, how much a team wins by is usually all that matters.

The most popular way to bet for the two most popular sports, basketball and football, is with the point spread, also known as the “side.” Most baseball, hockey and soccer bets are on the moneyline, which is betting on a team to win straight up with adjusted odds. Football and basketball have moneyline bets available too, but most people will take the point spread.

The concept can be a bit confusing if you’ve never dabbled in sports betting before.

Why bet with the point spread?

The point spread was created to attract more action on a game. When the San Francisco 49ers are expected to blow out the Arizona Cardinals, it’s not enticing to lay $300 to win $100 on a moneyline. But when the 49ers are 11-point favorites and each side is -110 odds? That’s much easier.

In that example, the 49ers are spotting the Cardinals 11 points before the game starts, at least for bettors. The 49ers have to win by 12 or more points to cover the spread. If the Cardinals win or lose by 10 or less, that side wins the bet. If the game lands on 11, like a 21-10 49ers win, it’s a push and all bets are refunded. If you see a -11 that means that team is favored, and +11 means you’re taking the underdog.

Nothing sharpens your math skills better than trying to figure out how big your lead as a bettor is if you have a 22.5-point basketball underdog that is losing 90-72.

The problem with the point spread can be when a team — which really doesn’t care that you bet the favorite at -11 — has a 14-point lead but gives up a meaningless score at the end to win by only seven points. They’re still happy with the win. You, as a bettor, are not.

Point spreads lead to bad beats

The most infamous example of a bad beat with the point spread probably came in the 2004 Final Four at the NCAA men’s basketball tournament.

Duke was a 2.5-point underdog against UConn. The Huskies rallied late and took a 79-75 lead on a free throw with 3.2 seconds left. The game itself was over; Duke couldn’t score twice in a few seconds. But Duke guard Chris Duhon pulled up for a running 3-pointer just over the half-court line and banked it in at the buzzer. Duke lost 79-78, but bettors who had Duke and 2.5 points won. March Madness is a huge event for bettors, and reports at the time estimated that Duhon’s “meaningless” shot resulted in a $30 or $40 million swing in Nevada. UConn players celebrated at the final buzzer. UConn bettors doubled over in pain. That’s the difference between betting the moneyline and the point spread.

Baseball and hockey have point spreads too, the “run line” in baseball and “puck line” in hockey. It’s generally 1.5 with odds adjusting accordingly. Taking a big baseball favorite at -1.5 runs can make the odds more palatable. Of course, betting the New York Yankees at -1.5 to bring down the odds from -190 to -110 isn’t too fun when they win 4-3 and you don’t cash a bet.

Betting on the point spread is the most common way to wager on sports. And the first time you take a favorite that wins the game but doesn’t cover the spread, you’ll understand every bettor’s heartbreak.

• Point Spread: Commonly called the line or spread, it is the number chosen by Las Vegas and overseas oddsmakers that they feel will get an equal number of people to wager on the underdog as on the favorite. The negative value (-10.5) means the team is favored by 10.5 points. The positive value (+10.5) indicates an underdog of 10.5 points. In this instance, the favored team must win by at least 11 points to cover the spread. The underdog team can lose by 10 points and still cover the spread.

How To Cover The Spread

• Total: Known as the over/under, common wisdom says it is how many points oddsmakers feel will be scored in an NBA game by both teams combined. If you wagered under 197.5, you want the combined score of both teams to less than 197 (example 100-96).

• Money Line: Commonly used as a baseball and hockey wagering tool, basketball moneylines are popular for picking underdogs. There is no point spread linked to the moneyline. So the team you bet on only has to win the game, not win by a certain number of points. The negative value indicates the favorite, just like a point spread (-170) and the positive value means an underdog (+150). If you picture the number 100 sitting in the middle of these two values, moneylines are easier to comprehend.

Spread Betting Gambling

• Futures: Betting on a future event (such as which team will win the NBA title) is called future betting. Oddsmakers will update future odds during the year, shortening the odds for good teams on hot streaks and lengthening odds for slumping teams with injury problems. Example: the NBA top team could be +170 to win the championship. This translates to a $100 wager paying out a $170 profit if that team wins. A lousy team might be +2000, making a $100 wager pay out a whopping $2,000 as a longshot.