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SPORTS BETTING HOME | GUIDE TO SPORTS BETTING | HISTORY | HOW TO PLACE A BET | STRATEGIES | SPREAD BETTING
 
 

Sports Spread Betting Explained

Sports spread betting may seem like a complicated concept to the newbie gambler. However, once you familiarise yourself with the concepts of this type of gambling, you’ll be able to make informed bets on sporting competitions. Sports spread betting is available through online gaming websites and can increase your potential winnings over fixed odds wagering.


History

The idea behind sports spread betting was developed by an American mathematician from Connecticut named Charles K. McNeil. He suggested assigning points to the favorite to win in order to equalize each sporting match-up. The math teacher would later become a bookmaker during the 1940s in Chicago. Origins are also traced to the founder of the IG Group, a British man by the name of Stuart Wheeler. In 1974, he used the idea of spread betting to create an index market open to more individuals who wished to trade gold. Those who thought the price of gold would go up placed a buy bet while those who thought the price of gold would drop placed a sell bet. Spreads would begin to gain popularity when sports wagering took place on football and soccer games. It allowed gamblers to earn more money based on the final scoring outcome of the game.


Predictions

The cornerstone of sports spread betting lies in the predictions made by the linemaker. The linemaker guesses the outcome of a sporting match before game play. The predictions are typically based on the past performance of the team, injuries and fielding advantages. As an example, a linemaker may decide football Team A is a favorite over Team B. Based on both team’s past match-ups, they give the favorite a spread of five points. This means the linemaker is guessing that Team A will win the game by at least five points. If you wager on Team B to win or guess that Team A will win by more than five points, you’ll win the bet.


Point Spreads

During sports spread betting where two teams are involved, the favorite and underdog are both giving a spread. The spread is shown by a negative sign for the favorite and a plus sign for the underdog. The favorite must win by more points than the spread if you choose this team as the winner. On the other side, the underdog must lose by less than the point spread for you to win the wager. For instance, if one team is the favorite and the spread is -7, the team is expected to win by seven points. If the team wins by more than seven points and you wager on them, you win. If the underdog has a spread of +5, the team is expected to lose by at least five points. If you bet the underdog, the team must lose by less than five points for the bet to be successful.


Considerations

Spread betting on sports does not only need to involve points scored. Linemakers can set spreads for any aspect of the game. Bettors can wager on the time the goals of the game are scored, the number of wickets made by a particular player during a cricket match or the sum of the jersey numbers who end up earning points during the course of the game. For instance, the linemaker may set the spread of a game at 15 to 18 minutes. This means that they believe the first goal of the game will be made during the 15th and 18th minutes of game play. Your bet could be $2 at 18. During the game, the first goal is made at the 25th minute. You beat the spread by seven minutes and earn $14 on your bet.


Ties

In the case that a favorite team wins the match by the exact predicted point spread, it results in a push or a tie. The linemaker can use half points to deal with matches that have resulted in a push or tie. Full points are always required to win a game. In the case of half point spreads, there will always be a clear winner and no potential for a tie.


Options

In some incidences spread betting even allows for gambling during actual game play. During this type of wager, you’ll have the ability to opt to bet in real-time based on how the competitors are playing during the game. The spreads are updated regularly based on the performance of the players. For instance, if one team looks good at the immediate start of the game, the spread may change in their favor regardless if they were the favorite or not. At this time, betting that the other team will turn things around could end up giving you a huge payout if this happens. Parlay bets are another type of wager placed during spread betting. With a parlay bet, you use point spreads to choose multiple winners for two or more games. You must pick all the winners using the point spread for each game correctly to win the bet.

 

The winnings from one game to the next are reinvested with the potential for a large payout. A teaser has similar features as a parlay bet. However, teasers allow you to subtract or add points for one or more of the spread bets. The odds are changed based on how many points are moved from the spread. The same rules apply for a teaser as a parlay; all teams must win in order for the bet to prove profitable.

 

Once you have mastered sports spread betting, you’ll have the ability to make wagers on common events that use this type of betting. Sporting events that typically feature spread wagering are cricket, soccer, football, golf and tennis. Individual sports are more often to have fixed odds betting where you choose a winner and your payout is based on the odds posted for that competitor. Since most online casinos and gambling sites use spread betting, you’ll be able to take part in virtual gambling on sports once you learn the basic concepts.

 
 
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