How do spread odds work?

For point spread betting purposes, the value of the point spread is added to the team's total as part of the wager. Bettors who choose the underdog win their wager when that team either wins the event outright OR loses by an amount less than the point spread.

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.

What does +200 odds mean?

They are American money line odds; for example, +200 signifies the amount a bettor could win if wagering $100. If the bet works out, the player would receive a total payout of $300 ($200 net profit + $100 initial stake).

How do you read spread odds?

What does +1.5 spread mean?

A spread of +1.5 or -1.5 basically indicates both teams are pretty much evenly matched—essentially, a +1.5 underdog has just about as good of a chance to win as a -1.5 favorite (at least in the eyes of oddsmakers).

Point Spread Betting Explained: Sports Betting 101

What does a minus 3 spread mean?

A minus 3 spread means that the team that is favored is expected to win by 3 points. This means that if you bet on a team's spread at -3, then the team must win by at least 3 points for you to win your bet.

How do plus minus odds work?

How Does Plus/Minus Work in Sports Betting? With betting, odds are defined in terms of money and $100 is usually the standard amount. If the odds have a minus, that means you have to wager that amount to win $100. If the odds have a plus, that means you'll win that amount of money if you win the wager.

What does minus 1.5 spread mean?

The team with -1.5 is the favorite, while the team that is +1.5 is the underdog. In this particular spread, the two teams are pretty close. Point spreads can vary, but this is one of the most common point spreads. It essentially means that the underdog pays out as the winner, but also if they only lose by one.

What do +6.5 odds mean?

Giants +6.5

In this case, if you bet on the Dolphins to win, and they win by 7, you win. If they win by 6, you lose. If the Giants lose by 7 points, you lose your bet. If they lose by 6 points, you'll win.

What happens 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. If a spread is +3 and the team loses by 3, the bet would be a push.

What do negative odds mean?

If the odd is negative (-), it means that the outcome is more likely to happen, and placing a bet on that outcome would payout less than the amount you wagered, while a positive (+) odd shows that the outcome is less likely to happen and it would pay out more than the amount you wagered.

What does negative 300 odds mean?

In sports betting, a negative money line (represented as -200, -300, -400, etc.) represents the amount of money that you need to bet in order to win $100 if your bet is correct.

What do odds of +100 mean?

A +100 odds line, on the other hand, means that you have the opportunity to win the same amount that you are wagering. Making a $100 wager at +100 odds means that you could win $100 on that bet.

What does a minus 5 spread 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 minus 9 spread mean?

The negative value -9 indicates the Giants are favored by 9 points. The positive value (+9) indicates the Jets are underdogs of 9 points. 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.

What does +13.5 spread mean in football?

So, if you bet on the Chiefs and they win the game, but by less than 13.5 points, you would lose that bet. If you bet on the Broncos you would win the bet if they win, OR if they lose by 13.5 points or less. A Chiefs 28-17 sounds great for Kansas City, but that's a winning bet for Denver.

What is +8.5 spread?

Let's say that a team is favored as 8.5 point favorites or written as -8.5. For the favored team to “cover the spread,” they must win by at least nine points. If they win by eight points or less, it doesn't matter that they won because they didn't cover the spread.

Are higher or lower odds better?

Odds is the payout of a winning bet

Odds show how much money you will win, if you bet on an event to happen. The higher the odds are, the more you will win, relative to your stake.

What does a minus 7 spread mean?

A favorite will always be surrendering points, i.e. a -7 spread for the Buffalo Bills against the Miami Dolphins means that oddsmakers have labeled the Bills as the favorite by seven points.

What does negative 7.5 spread mean?

For example, if a spread is (-7.5) points, your team needs to win by eight or more. If you bet on an underdog, they can lose by fewer than the assigned spread or win outright for you to win. For example, if a spread is (+5.5) points, your team can lose by 5 or fewer or win outright.

What does minus 4 mean spread?

The minus sign denotes that that team has to win by more than that margin while the plus sign indicates that the other team can lose by that margin, or win the game, and they cover the spread in either case. Following this example, the Chiefs are at -4.5.

What is minus vs positive for odds?

When odds are presented with a plus (+) sign in front of them, that signifies the underdog. Whereas negative (-) odds tell you what you have to bet on the favorite to win $100, positive (+) odds tell you how much you'll win for every $100 you wager on the underdog.

Do you lose money on negative odds?

Moneyline Bets: Negative Odds

One of the most frequently asked questions about negative odds is, “Do you lose money on negative odds?” The answer is no. Your profit on those odds is just less than it would be compared to positive odds. Negative odds denote favored teams.

Do you want to bet on plus or minus?

The “+” and “-” are put in front of odds or lines, indicating the favorites and underdogs. The favorites will be marked with a minus sign, whereas underdogs get the plus sign. This is the case for all types of bets, including moneylines and point spreads.

What does minus 250 odds mean?

Now, if there is a minus sign in front of the odds, that is the number that you would have to bet in order to win $100. For example, if a football team was -250, that means you'd have to bet $250 to win $100.