Gambling on sporting events can be one of the great pastimes for sports fans and can be quite lucrative if done well. While winning in sports betting is certainly possible, those who book bets are also trying to beat the various gamblers and try to stake the odds in their favor. One of the ways that they do so is by setting the odds of bets to manage their risk and rewards. This article will explain why and what this involves in the world of sports betting.
What are betting spreads in sports?
When a variety of people are following a sporting event there are many factors that go into which team will win. Of course the players and coaches of each team will impact the winner of the game, as will the team with home court advantage and injuries will impact the winner. Heading into many sporting events the two sides are not always balanced and many observers can predict who is more likely to win a contest. Bookies and gambling houses will take the likelihood of winning into consideration by setting a spread on the game that will require the winning team to win by a margin that exceeds the spread for those who choose that team to win. It is with this spread that gambling between a more balanced and takes on a sporting life of their own.
Why do spreads and odds change?
Spreads are not a static thing and change as time goes on and a sporting event goes live. There are many reasons that these gambling spreads change and fluctuate. Sometimes factors involving the teams will change and the odds of the contest will change as well. Injuries, trades, and other factors all will impact the spread and each teams chances right up until the game starts.
Another cause of changing odds is the overall public position and thoughts on the sporting contest. Bookies and those who take bets from the public would like to maximize their return and limit the risk that they are taking when they take bets, which is only natural. Instead, they want to make money on volume and regardless of who wins. If every gambler is making bets on one side of the contest for a team that is likely to beat the spread, the odds and spread are often adjusted to encourage the other side of the bet as a way of evening out the stakes of the contest so that the bookie or bet taker is able to limit their risk. As such, it is the overall placing of bets unevenly on one side or the other that is the major cause for sports odds and spreads to fluctuate as a sporting contest approaches.
Beyond that, other lessor factors can go into changing spread lines;
– weather conditions
– personnel changes
– level of gambling interest and activity
– major upsets in other sporting contests
– size and scope of bets
While some of these factors may seem to be unusual factors, they can all impact the spread that teams have and the odds that are assigned to a bet in a sporting event.
Point spreads are something that you can actually understand pretty easily because you are either betting on one side of the line or the other. When you go to your favorite Las Vegas sports book, like mine at the Wynn, you just need to decide what you are going to do with that point spread when you see it. There are a lot of choices that you need to make, and you need to see if you can make the right bets based on what you know about the teams that are in the spread. The spread is worthless if you cannot bet the right way on it.
The point spread is either going to go in favor of one of the teams or be a push. The push is going to be even money on both teams. That means that you are making a one to one bet on the team, and you will win one dollar for every dollar you bet. These are easy bets to make, but they are also going to be hard sometimes because a game that is a true push is going to be hard to guess on because of the way the two teams are going to be so evenly matched.
A point spread that favors one team or another is going to be set up as a plus or minus. The team that is minus seven points is giving seven points to their opponent. That means that they have to win by more than seven points to cover the spread. The team on the other side of that spread is plus seven points because they are getting seven points as the underdog. They can ruin this bet just by winning. That is all it takes because they are simply the underdog. You can make your bet more powerful if they actually cover the spread on their side by winning by more than seven points.
The bets that you place on all these games are all based on the information that you have on these teams. You need to decide if you think that a team will actually be able to cover the spread, or you need to decide if the spread is too tight for you to bet on it. Some spreads are huge because the teams are so unevenly matched, but that does not mean you bet on a team to win a game by 40 something points. They are probably capable of doing this, but that does not mean that they are going to do that because they might take their foot off the gas and put in their third stringers. You have to think hard about this because some teams will try to win by 80, but other teams will not.
The point spreads that you are betting on are volatile, and you need to be thoughtful about this because they are going to change right up until a game starts. Someone could get hurt, and your bet goes right out the window because you needed that guy to play well for you to win the bet. The team could have a suspension. They could have everyone get the flu, or you have their game held up by rain which completely ruins their game plan. Make sure you are betting closer to the game so that you know what is going on before you place your bet.
It is very important that you are placing bets that make sense to you. You need to be sure that you have spent the time to get the bets done the right way, and you need to know about the teams. Point spreads are great, but only if you bet with good information.