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As a fan, you don’t care if your team wins by a point or 100. A win is a win, though that 100-point win would be a little easier on the nerves.
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Teddy bears picnic game. In sports betting, how much a team wins by is usually all that matters.
The most popular way to bet for the two most popular sports, basketball and football, is with the point spread, also known as the “side.” Most baseball, hockey and soccer bets are on the moneyline, which is betting on a team to win straight up with adjusted odds. Football and basketball have moneyline bets available too, but most people will take the point spread.
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The concept can be a bit confusing if you’ve never dabbled in sports betting before.
Why bet with the point spread?
The point spread was created to attract more action on a game. When the San Francisco 49ers are expected to blow out the Arizona Cardinals, it’s not enticing to lay $300 to win $100 on a moneyline. But when the 49ers are 11-point favorites and each side is -110 odds? That’s much easier.
In that example, the 49ers are spotting the Cardinals 11 points before the game starts, at least for bettors. The 49ers have to win by 12 or more points to cover the spread. If the Cardinals win or lose by 10 or less, that side wins the bet. If the game lands on 11, like a 21-10 49ers win, it’s a push and all bets are refunded. If you see a -11 that means that team is favored, and +11 means you’re taking the underdog.
Nothing sharpens your math skills better than trying to figure out how big your lead as a bettor is if you have a 22.5-point basketball underdog that is losing 90-72.
The problem with the point spread can be when a team — which really doesn’t care that you bet the favorite at -11 — has a 14-point lead but gives up a meaningless score at the end to win by only seven points. Download paradise review. They’re still happy with the win. You, as a bettor, are not.
© Provided by Yahoo! Sports Sportsbooks have large boards that display point spreads for all games that day. (AP Photo/John Locher, File)Point spreads lead to bad beats
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The most infamous example of a bad beat with the point spread probably came in the 2004 Final Four at the NCAA men’s basketball tournament.
Duke was a 2.5-point underdog against UConn. The Huskies rallied late and took a 79-75 lead on a free throw with 3.2 seconds left. The game itself was over; Duke couldn’t score twice in a few seconds. But Duke guard Chris Duhon pulled up for a running 3-pointer just over the half-court line and banked it in at the buzzer. Duke lost 79-78, but bettors who had Duke and 2.5 points won. March Madness is a huge event for bettors, and reports at the time estimated that Duhon’s “meaningless” shot resulted in a $30 or $40 million swing in Nevada. UConn players celebrated at the final buzzer. UConn bettors doubled over in pain. That’s the difference between betting the moneyline and the point spread.
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Baseball and hockey have point spreads too, the “run line” in baseball and “puck line” in hockey. It’s generally 1.5 with odds adjusting accordingly. Taking a big baseball favorite at -1.5 runs can make the odds more palatable. Of course, betting the New York Yankees at -1.5 to bring down the odds from -190 to -110 isn’t too fun when they win 4-3 and you don’t cash a bet.
Betting on the point spread is the most common way to wager on sports. And the first time you take a favorite that wins the game but doesn’t cover the spread, you’ll understand every bettor’s heartbreak.
'BJ21 is a meeting place for people willing to study to beat casino games. Many members are blackjack card counters, but BJ21 is also home to players who win at poker, video poker, sports betting, and craps. Watch smurfs online. Members use message boards to swap stories about strategies and current playing conditions in casinos in Las Vegas and elsewhere.' --Stanford Wong - Stanford Wong's Biography
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Stanford Wong has made a name for himself throughbooks, newsletters, software, and the Internet. Of course he has done his share of winning at gambling games. When he was in graduate school, playing blackjack was his major source of income, and he stayed in school long enough to earn a Ph.D. from Stanford. He published his first book, Professional Blackjack, in 1975 while a student at Stanford. Now he has it made -- a wonderful wife and a comfortable home in La Jolla, one of the garden spots of the world. Their two children are both adults and college graduates. Wong has moved Pi Yee Press to Las Vegas, but is in constant contact electronically from his home. So commuting to work in the morning means strolling down a hallway. Every day he walks along the beach. He is his own boss. Anything that has to be done that he does not feel like doing himself, he hires someone else to do. He could not have a more pleasant life had he chosen to do something other than figuring out how to win money from sportsbooks and casinos. Wong has created a website with message boards: BJ21.com. BJ21.com is devoted to discussion of getting an edge at casino games.
Interview with Stanford Wong
Wong on Dice by Stanford Wong
Interview with Stanford Wong
Wong on Dice by Stanford Wong