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May 14, 2020 Against the spread (ATS) wagering is part of the standard big three betting options, which also includes moneylines and totals. Points spreads are a popular gambling choice in pro and college.
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Tired of the lousy returns that come with betting favorites on the moneyline each week? Then it’s time to move up in the world of NFL betting online. For many, betting against the spread is the best way to start making some real money, fast.
If you’re entirely new to NFL point spread betting, or even the concept of odds, visit our series of articles for new bettors for a comprehensive introduction.
When betting on the spread, you’re betting on a team to either win by a certain point margin, or a team to lose by a certain margin (or win outright). The spread is the great equalizer in sports betting.
How Does Football Spread Betting Work?
In spread betting, the favorite has to win by a certain number of points for the bettors who pick them to cash in.
On the other hand, the underdog ‘gets’ points, meaning that bettors who back them will see a profit even if they lose, so long as it’s by less than the spread.
Often, you will see a spread with a half-point attached to it. This is called a hook (you’ve probably heard someone say they lost by the hook.) The hook ensures there will not be a push (a betting term for a tie). In the case of a push, most bookmakers will return the money wagered. However, it’s important to understand the terms and conditions at your sportsbook, as some will count a push as a loss.
Now that you’ve got the basics, let’s dive deeper into the world of NFL spread betting. In this article, we’ll be covering:
- How point spreads are set
- Why the spread changes during the week
- Strategies to win NFL point spread bets
How is the NFL Point Spread Set?
Point spreads are designed to attract equal betting on both teams in a football game. The majority of NFL games have a perceived favorite, and without the addition of a spread, the bets would be one-sided. This is unprofitable for bookmakers unless the underdog wins.
The opening football spread for each week is set shortly after the Sunday night wrap up. Week 1 is the exception, with the lines coming out well in advance. When creating spreads, bookmakers are trying to read how the public perceive both the team and game in question. Obviously, some math, team stats, and storylines are involved, but this all secondary to public perception.
Bookmakers are not gamblers. Instead of letting their money ride on one team, they are happy enough to collect the juice (or vig) on each game. When betting the spread, the odds for both teams are often -110. This means a bettor has to wager $110 to win $100. Therefore, if the money is evenly split, the bookmakers simply pay winners from the money collected from losers and pocket the remaining 10%.
Let’s use the matchup of Kansas City at New England (-7.5) as an example. We’ll assume the money is split evenly.
Let’s say a bookmaker takes 1,000 bets of $110 for New England to cover, and 1,000 bets of $110 for Kansas City to cover. Therefore, each bettor would win $100 if their team covers the spread, since the odds are -110 for each team.
- Money bet on New England = 1,000 x $110
Money bet on New England = $110,000 - Money bet on Kansas City = 1,000 x $110
Money bet on Kansas City = $110,000
Now let’s assume the Patriots win in blowout fashion, 42-7, covering the spread. All 1,000 individuals who bet $110 on the Pats win $100, while the Chiefs supporters surrender their wager to the bookmaker.
- Money paid out to New England bettors: 1,000 x $100
Money paid out to New England bettors: $100,000 - Money collected from Kansas City bettors: 1,000 x $110
Money collected from Kansas City bettors: $110,000
After both exchanges, the bookmaker has turned a nice profit ($110,000 – $100,000 = $10,000). And remember, this is just one game. The best NFL betting sites are likely taking more than 1,000 bets on each game. That can result in hundreds of thousands in profits. And this is why bookmakers like to include a hook in the spread; a push results in no juice collected.
So, the next time you’re wondering how a bookmaker came up with the spread for a specific game, just take a good look in the mirror.
Why Do NFL Betting Spreads Change During the Week?
Now that you know how spreads are created, it should be fairly obvious why they change. Quite simply, a spread changes throughout the week if more money has been placed on one team. The bookmaker will alter the spread to encourage betting on the other team. This way, the money evens out, and they aren’t risking losses. Here’s another example to help out:
Let’s say Carolina’s starters look good during the first preseason game, and bettors flock to the Panthers (-4.5). The bookmakers’ first response may just be to adjust the odds to -120 for Carolina with even money for San Francisco (meaning bettors have to wager $120 to win $100 when betting Carolina, but only have to wager $100 to win $100 when betting San Francisco). However, if the money is too lopsided, the spread may increase to -5.5 or -6 for Carolina, to encourage new bettors to start putting their money on San Francisco.
Injuries also play a significant role in spread adjustments. Occasionally a spread may be withheld until the injury reports are released. If a star player’s status is unknown, bookmakers will wait until news regarding that player is released. If a star player is ruled out at the last minute, bookmakers will change the spread immediately (knowing that savvy, attentive bettors will try to get their money down as quickly as possible, hoping to beat the line movement).
NFL Point Spread Betting — How to Win
The heading is a little misleading. No formula that results ensures money. (But when one does exist, you’ll find it here first.) There are, however, strategies to maximize your chances of success.
First off, it’s important to understand that a game with two evenly matched teams will often result in an opening 2.5-point spread in favor of the home team. The conventional wisdom is that home-field advantage is worth three points.
As discussed, public perception can and will change the opening spread between two evenly matched teams. Therefore, if you believe two teams are evenly matched and don’t see a 2.5-point spread, it’s something to investigate.
Other details that should be considered before making a bet against the spread:
- Where is the game being played?
As mentioned, home-field advantage is a real thing. The bookmakers are considering it, and so should you. - Is it a divisional matchup?
Many teams perform better when playing within their own division, and these games tend to be closer in score. Familiarity is an equalizer in football. - Where and when did each team play the previous week?
After playing on Monday Night Football in a different time zone, even the best teams can look a little sluggish. Cross-country travel means less time to rest and practice. - Monitor the betting spreads
Waiting until Sunday morning to place your bets can result in missing out on a favorable opportunity. - Know the injury reports
Football is the ultimate team sport. Monitoring the health of the quarterback isn’t enough. - Be aware of individual matchups
In spite of what I just said, some players and coaches just have each other’s numbers. For example, Tom Coughlin is 5-2 when coaching against Bill Belichick. - Know the teams
Yes, knowledge of each team’s strengths and weaknesses seems rather obvious. But also, be aware of team popularity. For example, the Packers and Cowboys have legions of fans who like to bet on them. That can push spreads higher, even when it isn’t justified. - Don’t go overboard on parlays/teasers
A parlay is just a fancy term for a bet that involves more than one team. A teaser is a parlay that allows bettors to adjust the spread in their favor in exchange for a smaller potential payout. Both of these are common when betting against the spread. Be cautious as to how many teams you include in one bet. The potential payout of an eight-team parlay may look tempting, but the odds of winning are extremely slim. Upsets and unforeseen events will occur—count on it.
Following the eight rules we’ve discussed doesn’t guarantee a payout. As Kevin Garnett so eloquently put it, “anything is possible.” But those considerations will increase the chances of beating the house. So, take that newfound knowledge of spread betting and give it the old college try (responsibly, of course).
Looking for More Football Betting Knowledge?
The point spread is the most popular way to bet on football, but it’s only one of many options. Be sure to review the rest of the NFL content in our sport-specific betting advice section,
Check out the quick tips and tricks outlined in our beginner’s guide to betting on college football if you’re looking to expand your football betting portfolio beyond the professional gridiron, and enjoy the action this season!
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Most sporting events have a perceived favorite, so applying a spread to the game is the bookmakers’ way of creating an even playing field. This is most often seen when betting on the NFL. 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 spread) in order for them to “cover the spread.”
As we explained with moneyline betting, a negative number (-) indicates the favorite and a positive number (+) indicates the underdog.
Bets Against The Spread Week 17
ATS (Against the Spread) Betting: Case Study
As you can see, New England is the favorite in this game by 7.5 points, since they have the negative number. You will often see half-points attached to the spread to avoid “pushes,” or ties for the newbies. As we covered in our how to read odds guide, games with half-point spreads are said to contain a “hook.”
In this circumstance, favored New England is said to be “laying” 7.5 points. This means you subtract 7.5 points from their total score when the game concludes. If they still have more points than the Chiefs, then they “covered.” Therefore, the Patriots will have to win the game by at least 8 points for you to win your bet.
While New England is “laying” 7.5 points, Kansas City is “getting” 7.5 points. This means you add 7.5 points to their total score when the game concludes. If, after doing so, they have more points than the Patriots, then they “covered.” So, in order to win your bet, the Chiefs just cannot lose the game by 8 points or more. For example, if the Chiefs only lose by 3 points, you would win if you bet on Kansas City.
Here are a couple of mock outcomes, with the team who covered the spread in bold.
- Kansas City 21 – New England 24
- Kansas City 17 – New England 25
- Kansas City 3 – New England 41
- Kansas City 30 – New England 27
What Can Change the Spread?
The spreads in football games are subject to change based on where the money is going and weekly injury reports. If Tom Brady is hit by the Madden Curse before the season even starts and is unable to suit up, you’ll see the spread decrease, likely landing around New England -3.5.
Calculating Payouts Against the Spread
Now you may have noticed in the chart above that there is a three-digit number next to each spread, which looks an awful lot like a moneyline. It is, in essence. Those negative numbers (-110 in this case) indicate how much you have to bet in order to win $100. (Sportsbooks still take their cut when you’re betting against the spread.)
Generally, you will see “even bets,” meaning the payout is the same no matter who you bet on. But that’s not always the case, as you’ll see in the chart for our next example.
If the result of this game is Seattle 21 – Green Bay 28, would you win if you bet on Seattle to cover?
Bet Against The Spread Nba
(NO! They lost by more than three points.)
Do Other Sports Have Spread Betting Options?
Betting against the spread on the NFL is undoubtedly the most popular form of spread betting, but there are other options.
You will also see point spreads in hockey, baseball, and soccer. They are referred to in different terms, but they refer to the same principle of operation as the spread.
In hockey, the spread is called apuck line; in baseball, it is a run line; and in soccer, it is a goal line.
Best Bet Against The Spread
Puck lines and run lines are almost always fixed at 1.5.
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