Spread Betting Stories
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- Sports Betting Stories
- Spread Betting Stories
- What Is A Spread In Sports Betting
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Spread betting, as it is known, has proved fabulously lucrative for players such as Simon Smith, 33, who makes rather a good living by sitting in his office in Leeds working out what is going to happen to house prices - and placing his money accordingly. Traditionally, financial spread betting was all about betting on a stock market index, such as the FTSE-100. Now, spread betters can take a punt on the price of any share, commodity, fund.
Understanding the different types of betting options is crucial when you’re getting a start as a first-time sports bettor.
The Point Spread: Betting the spread
For those new to sports betting, the point spread is the simplest, most straightforward approach to placing wagers.
Sports Betting Stories
Sports books set a predetermined margin of points on a game and a team must win – or not lose – by that set number. That’s why you’ll often hear people say the team won, but they “didn’t cover the spread” so their bet still came up short.
It’s not a matter of a team winning or losing like in a moneyline bet.
For a favorite: The favorite must win by more than the point spread.For an underdog: The underdog must outright win OR lose by fewer than the point spread.Sports books aren’t in the business of predicting who will win or lose games. Their goal is setting a pre-game point spread with the intention to generate an equal amount of betting action/volume on both sides of the ledger – as much total money being bet on the favorite as on the underdog.
The vast majority of point spread wagers are made on football and basketball because of the proliferation of points that are scored in comparison to sports like baseball and hockey, where 1-0 or 2-1 games aren’t that out of the question or out of the norm. There’s one every night.
For example, the New England Patriots are playing the New York Jets and New England is a 9½-point favorite. Bettors typically have to spend $110 or so to win $100 with sports books, known as “the house edge/advantage.” With a point spread bet, simply having a team win the game isn’t the key. The critical factor to betting a point spread is how much a team wins or loses by. If a wager is placed on New England – “laying” the 9½ points – the Patriots need to win the game by 10 or more points for that bet to pay off. If New England wins 28-20, those betting on the Jets plus 9½ points (points added to their final total) win the bet.
Spread Betting Stories
The same general rules apply for basketball and are quite easy to follow because of the inherent simplicity of the bet. When it comes to betting sports like baseball and hockey, the standard bets are made on the “money line” – an established number for both teams to win the game outright.
What makes point spread bets attractive are the fluid nature of each game – it’s a reality show that, when done right, is inexplicable. Games change on one play and momentum is a thing. But, when it comes to point spread betting, you know where you stand at every moment.
For those just starting out, the simplest form of gambling is betting the spread because it’s the easiest to explain and understand, which explains why it is the most popular form of sports wagering.
What Is A Spread In Sports Betting
With both teams coming off big Week 13 wins, the Los Angeles Rams and New England Patriots will square off on a short week this Thursday night. It’s a rematch of Super Bowl LIII, a game most Rams fans would probably rather forget, but both teams look very different than they did in that one.
This time, the Rams come in as overwhelming favorites, boasting an 8-4 record compared to New England’s 6-6 mark. According to BetMGM, the Rams open the week as six-point favorites over New England, with a money line of -275. That means a $275 bet on the Rams to win outright will return a profit of $100.
The Patriots have struggled in their post-Tom Brady transition, but it’s not solely because of his replacement, Cam Newton. And even though their record is unimpressive, the Rams shouldn’t take Bill Belichick’s squad lightly.
New England just crushed the Chargers at SoFi Stadium on Sunday, winning 45-0 thanks to a dominant effort on defense and special teams. And considering Bill Belichick shut down the Rams once before in the Super Bowl, he shouldn’t be doubted in this Week 14 matchup.
Spread Betting Stories Reddit
This season, the Rams are 7-5 against the spread, meaning they’ve covered in seven of their 12 games. The Patriots are 6-6 ATS, but have covered in each of their last two games. The over/under in this game is set lower, only coming in at 44.5 points, the lowest of Week 14 so far.
Spread Betting Horror Stories
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