Betting on sports is a popular form of gambling which has been going on since a long time. The concept of sport betting has evolved over the years and now bookies keep inventing newer ways to secure their profits. Punters are becoming smart and using sports betting strategies, so the bookmakers keep reinventing the way the odds are placed so that more customers are attracted and the profits pour in.
Traditionally the money line method is used to do betting where only the result (win, lose or draw) matters. In case of a one- sided match, people tend to bet on favorites only. So make things more interesting, the spread betting was introduced in sports betting.
How to interpret a sports betting spread:
In any sports betting, a spread means giving both teams an equal chance of winning a bet. This is done by assigning a handicap to the favorite team. For a bet to be a winning one, the result alone doesn’t matter. The handicap is taken into consideration.
For example in a soccer match between Team A and B, if A is the favorite, bookies will give a handicap of say -2 goals. Any bet placed on Team A, will be a winning one only if Team A wins by more than 2 goals. If it wins by 1 goal, you lose the bet even if Team A wins. In case Team A wins by 2 goals, it is considered a draw and no money is won or lost.
Any bet placed on Team B will be a winning one if Team B loses by less than 2 goals or the match is a goalless draw or Team B wins.
A bookmaker doesn’t stand to gain anything in case of a draw as he has to return back the funds but effort has gone into collecting bets. So many bookmakers give a handicap in decimal points to eliminate the possibility of a draw as practically a decimal point is not possible in a sport.
Spread betting is a much more risky form than money line betting as money line depends on the match outcome only. In spread betting, since the margin matters, even if a favorites team wins, people might end up losing bets. This is a good proposition for bookmakers as majority of folks will always prefer to bet on the favorites.
When to use money line and when spread betting?
There is no clear cut answer to this question. The beauty of some sports betting like football and basketball is that the bets are taken in both formats. So punters can look at the handicaps and then decide if it would be practical to take the risk. If the stakes are very high, it is always better to stick to the money line where at least if the gain is less, you will have a win if the favorites win. Betting on an underdog is advised only after thorough research of the playing conditions and players as you stand to win more if you bet on the underdog.
Be sure to understand the sports betting spread before you embark on the journey of spread betting. Be it money line or point spread, risks are always there in sports betting. So manage your money well.