How long do spread bets last?

All spread bets have a fixed timescale that can range from a day to several months away. You're free to close them at any point before the designated expiry time, assuming the spread bet is open for trading.

Can you lose a spread bet?

The only way you lose a point spread bet on an underdog is if the favorite beats that underdog by a margin greater than the spread. In this case, if the Volunteers win by more than 3 points, your bet would lose. While novice bettors might think that betting on the underdog is smarter, that isn't true at all.

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 does the spread bet pay out?

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.

How does spread bets 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.

Point Spread Betting Explained: Sports Betting 101

Is it better to bet the spread or win?

Betting on favourites against the spread results in better payouts than when taking the moneyline. With underdogs, covering the spread requires winning the contest or losing by a less than the point spread.

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.

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.

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.

Does spread bet go into overtime?

Overtime in other bets

Overtime is also included in other sports bets such as point spread, moneyline, and player props. Take a moneyline bet, for example. Sportsbooks are always trying to prevent a push from happening.

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 does +7.5 mean in a spread?

If you bet on them to win, they must beat the opposing team by at least 7.5 points. On the opposite side of the wager, the New England Patriots are the underdog to win. To beat the spread, they must close the point gap to within 7.5 points or win outright.

What does +8.5 mean in spread bet?

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.

What happens if the spread hits exactly?

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.

How do I win a bet without losing?

What happens if the spread is and they win by 7?

If the spread is set at +7, this means that to cover, the underdog must either win the game outright or lose by fewer than seven points. For the favorite to cover, they must win by more than seven points.

Who makes money off the spread?

Banks earn money in three ways: They make money from what they call the spread, or the difference between the interest rate they pay for deposits and the interest rate they receive on the loans they make. They earn interest on the securities they hold.

How much do you have to win by with a spread?

For example, with a 4-point spread, the favorite team must win by more than 4 points for bettors to get paid. Conversely, the underdogs can lose by 1, 2, or 3 points (or win the game outright) and still win the bet. However, if the underdogs lose by more than 4 points, the bet is a loss.

When should you cash out a parlay?

Cashing out can take place at any point throughout an event. From the time you place a single-game bet, parlay, futures bet or live wager, you could receive an option to cash out at any time. The offer is usually on the table right away before the event starts.

Is it smart to bet moneyline and spread?

Spread betting gives better payout

This bet is harder to win than a moneyline bet. However, there is also potential for a much better payout. Nearly all of the spread betting options that you will find will have odds at -110 for each side.

How do you beat the spread?

Sports Betting against the Spread FAQs

How Do You Beat the Spread? If you want to bet on the favorite to win and the spread is 6.5 points, the team needs to win by seven more points. If the team you wager on is favored by 6.5 points and ends up winning by three points, you lose the wager due to the team not covering.

What happens if you bet $100 on a money line?

This means that the bettor would have risked $400 and ultimately gained $100. The positive number shows how much would be gained on a successful $100 bet. A +300 money line, for instance, would mean that if you place a successful bet of $100, you would win $300.

What happens if you tie the spread on a parlay?

If one of the results is a tie, then most sportsbooks will remove that wager from the equation and settle the bet based on the results of the other legs. Most two-leg parlays will push if either leg pushes and another wins.

Is it better to bet right before the game?

Betting early allows you to take advantage if Vegas sets the line favorably for the side you intend to bet on. There are of course cases when you can find a more favorable line closer to game time. This is why some sharps wait until just before a game starts to lay their action.

How accurate are NFL spreads?

The average variance against the spread was 8, but there were many games with less than 5 points and games with more than 30 points. In other words, spreads are pretty accurate but not as perfect as most people think.