Learn about Spread betting

Spread betting was created to even the playing field between 2 teams. In most sports events, rarely are the teams evenly matched.
Usually, one team is perceived to have more skill (the Favorite) and one team is perceived to have less skill (the Underdog).
In order to win a spread bet, the team you choose must cover the spread (explained below).
If the teams are evenly matched and the spread is set to 0 then the team that you pick simply has to win the game in order for you to win your bet.

Favorite:
The team expected to win (indicated with a minus – sign). In order to cover the spread and win your bet, the favorite must win by more than the number that was set as the spread.

Underdog:
The team expected to lose (indicated with a plus + sign)
In order to cover the spread and win your bet, the Underdog must be within the number that has was set as the spread.
The Underdog can lose the game and still cover the spread if they lose by less than the number that was set as the spread.
If the Underdog happens to win the game then obviously they have covered the spread and you will win your bet.

Push (Tie):
At the end of a game, if the margin of victory is equal to the number that was set as the spread then you have neither won nor lost and your bet amount will be returned to you.
To avoid a push and make sure that someone wins the bet, you can set the spread to end in .5.
Since there is no such thing as half of a point then there is no way that the margin of victory can equal the number set as the spread.

You can also make a first half Spread bet. The concept is still the same, the only difference is that you are betting on the score at the end of the first half.

You chose the Steelers and set the spread to -3

You have made the Steelers the favorit by 3 points.

You are betting that the Steelers will win by more than 3 points.

  • If the Steelers wins by more than 3  you will win your bet.
  • If the Steelers win by exactly 3  the bet is considered a Push and your bet will be returned to you.
  • If the Steelers do not win by more than 3  you will lose your bet.

You chose the Patriots and set the spread to -19.5

You have made the Patriots the Favorite by 19.5 points.

You are betting that the Patriots will win by more than 19.5 points.

  • If the Patriots win by more than 19.5  you will win your bet.
  • If the Patriots win by exactly 19.5  the bet would be a Push. This bet cannot end in a Push because it is impossible to score half a point.
  • If the Patriots do not win by more than 19.5  you will lose your bet.

You chose the Saints and set the spread to 0

In this scenario there is neither a Favorite or an Underdog. You have made the teams evenly matched.

You are betting that the Saints will win the game.

  • If the Saints win the game, you will win your bet.
  • If the game ends in a tie, the bet is a Push and your original bet will be returned to you.
  • If the Saints lose, you will lose your bet.

You picked First Half and chose the Chiefs and set the spread to -4.5

You have made the Chiefs the Favorite by 4 points.

You are betting that the Chiefs will be winning by more than 4.5 points at the end of the First Half.

  • If the Chiefs are winning by more than 4.5 points at the end of the First Half, you will win your bet.
  • If the Chiefs are winning by exactly 4.5 then the bet would be a Push. This bet cannot end in a Push because it is impossible to score half of a point.
  • If the Chiefs are not winning by more than 4.5 points at the end of the First Half, you will lose your bet.