How do I know if I won a spread bet?

Bettors who choose the favorite win their wager when that team wins by an amount greater than the point spread. For example, if the Colts are favored over the Titans by 5.5 points and the Colts win by 7 points, the Colts have “covered the spread.” Bettors who wagered on the Colts will have won the bet.

What does a +7 spread mean?

The underdog odds will be +7, meaning the team can win outright or lose by less than seven points to win the bet. A loss by exactly seven points would cause a push bet.

How do you read a bet spread?

What happens if you win by the exact spread?

A push in sports betting occurs when the point spread or point total hits the exact number in which you bet. For example, you can bet the Dallas Cowboys as a -7 point favorite to beat the Green Bay Packers or the Packers as a +7 point underdog.

Do you have to beat the spread to win?

When you bet “against the spread,” it's not enough for the favorite to win the game; now, they have to win by more than a specified amount (the point spread) in order for them to “cover the spread.” Let's go over some of the basics of betting the spread. BET $5 ON NFL & GET $150 IN BONUS BETS!

Point Spread Betting Explained: Sports Betting 101

Do you win if the spread is 3 and they win by 3?

A spread of -3 means that that team must win by over 3 points to cover while a spread of +3 means that the team must win or lose by less than 3 points to cover.

What happens if a team wins by the exact spread in a parlay?

If a game in a parlay pushes -- meaning the score lands exactly on the spread or total -- that leg of the parlay is removed, and the rest of it will stand. So a three-team parlay (+600) with two wins and one push will just become a two-team parlay (+260).

Is the spread always even money?

While a point spread requires the team you bet on to win by a specified margin, moneyline does not. However, point spread bets typically have odds somewhat close to even money, meaning you would win about as much as you bet if you won.

What does +10.5 point spread mean?

Looking at the underdogs, the Redskins are +10.5 on the spread (10.5-point underdogs), meaning they would have to lose by 10 or less in order for your bet to cash. The Titans are 4.5-point underdogs, meaning they would have to lose by four points or less in order to win.

What does +12.5 spread mean?

Oddsmakers have assigned a “point spread” to the matchup, which basically gives the underdog team an artificial “head start”. The Point Spread is +12.5 for Charlotte, which means that when they start the matchup and the real score is 0-0, Charlotte will actually be leading 12.5-0 for the purposes of picking a winner.

What do spread numbers mean?

In simple terms, a point spread is a bet on how much the favorite team will win by. If the team has a minus sign, that means they're the favorite and they'll have to win by the specified number or more for you to win your bet.

What does +1.0 spread mean?

This means that the underdog must win outright or lose by exactly one point to cover the spread. Alternatively, a +1.5 spread means that the favorite must win by two points, runs, etc. or more.

What does a negative spread mean?

In the simplest terms, a negative spread indicates the favorite, which is the side that's expected to win the matchup. A negative point spread really means that team has some work to do. For a negative spread bet to hit, the team has to beat its opponent by a margin greater than the point spread.

How much do you win in spreads?

Points spread betting: outcomes

If bettors choose correctly and win, a sportsbook will pay the bettor in full amount based on the “price” of the wager, which is most commonly -110. That means a bet for $110 would win $100, or $11 would win $10, and so on.

What does +13.5 spread mean in football?

Bettors on the Patriots point spread of -13.5 win if the Pats dominant and win by 14 points or more. If they win the game by less than 14, Patriots spread bettors would lose in this example.

What does +7.5 spread mean on Fanduel?

When you bet the spread, you're betting on a team's margin of victory or defeat. So, if you bet on the favorite (indicated by the “-”), they have to win by more than the number shown. If you bet on the underdog (“+”), they have to win outright or lose by less than the number shown.

What does +7.5 point spread mean?

To beat the spread, they must close the point gap to within 7.5 points or win outright. Once the game is over, you can take the Patriots final score and add 7.5 points. If they now have more than the opponent, your bet is a winner.

How do spreads work?

Bookmakers set a spread with the hopes of getting equal action on both sides of a game. For example, the Colts are a -3 point favorite against the Texans. The -3 points is the spread. If you want to bet the Colts on the spread, it would mean the Colts need to win by at least three points for you to win the bet.

How does spread pay out?

Spread bets typically pay on an almost 1:1 basis against the bettor's stake. Generally speaking, a winning bet will come with a 95.45% return. However, the exact amount of the payout is specified by a second number that you will see displayed next to both team names in a spread bet.

Can you cash out on a spread?

Some sportsbooks offer Cash Out for moneyline wagers, point spread wagers, parlays and futures bets. The option to Cash Out is particularly useful if a bettor has a futures wager on a long shot that doesn't seem fit to finish as strong as they start.

Can you lose money on a spread?

If you lack sufficient funds in your spread betting account to enable you to hold your bet position when the market makes a large move, your spread betting firm will automatically close out your trade at a loss even if you wished to hold onto it.

Can you lose a game in a parlay and still win?

A parlay in sports betting is when a bettor makes multiple wagers (at least two) and ties them together into the same bet. If any of the bets in the parlay loses, then the entire parlay loses. However, if all wagers win, then the bettor gets a bigger payout.

Do you have to hit every parlay to win?

A parlay bet of two or more outcomes will always offer a higher payout than betting on each outcome individually. The caveat is that you must get all of the wagers correct to win the bet.

Do you have to hit all parlay to win?

To win your parlay, you need to get all of your picks correct. While some sportsbooks allowed small combination bets on a single contest, such as a moneyline or spread plus the over/under, parlays on individual games weren't widely available. That has changed dramatically in recent years.

Can a team lose and still cover the spread?

To place a bet on the favored Giants means they must win by at least 10 points to cover the spread. The underdog Jets can lose by eight points and still cover the spread.