Last updated on August 3rd, 2022
If you know anything about sports betting, it is that it comes in various forms. You have so many sports wagers to choose from.
One type of sports betting that’s becoming popular is point spread betting. This could be because of how it’s commonly used in basketball or is usually known as handicap betting in football. Read more below to help you on how to win a point spread bet.
Courtesy of Street Bettings
What is the meaning of Point Spread Betting?
A point spread equalizes a matchup between two unbalanced teams. We all know that sometimes, the teams playing against each other are not equal in skills and strengths.
To keep the betting interesting, sportsbooks make a point spread for each game. This will give each playing team an almost even chance of winning.
When it comes to point spread betting, the better team will be known as the favourite. They are listed as the minus (-) in the point spread. On the other hand, the opponent teams are known as the underdog and are listed as the plus (+).
If you choose the favourite, you need to win by the point spread given by your online bookmaker. For those who chose the underdog, they either need to win the game or lose by an amount that is less than the point spread given.
Courtesy of Online Betting
Take the Boston Celtics vs Miami Heat betting odds above as an example. The point spread is (-/+) 5.
In this case, if you bet on Miami Heat winning, they must win by six points and above for you to also win the bet. While if you bet on the Celtics, you will win the bet if they win the game outright or lose by only four points or less.
A key upside associated with using point spread betting is that it can substantially boost odds to make bets viable and so they represent value, which is especially useful when the Moneyline doesn’t look appealing.
Because one team will usually be considered better than the other, if you do your research on some key numbers, this can allow you to identify value and recognize when you can gain an edge on the bookmakers. Here are a few tips for point spread betting you can apply.
Tips for a Successful Point Spread Betting
#1 Make Use of Welcome Bonuses
If you are serious about sports betting, you should open an account with an online betting service. Most of them offer sign-up bonuses and other promotional offers.
You can use these as extra money that you can wager with. You can also try to register with many betting sites so that you can have several potential returns. But, remember to choose those that are reputable.
#2 Compare Odds and Lines with Different Betting Sites
Aside from making use of the bonuses that you’ll get by registering in multiple betting sites, you can also use these sites to your advantage by comparing their point spreads and betting lines.
So, by checking them out, you’ll know which sites offer the most favourable ones. If this is too time-consuming for you, you can always use a sportsbook aggregator platform.
#3 Don’t Jump to Conclusions
Most beginners make the mistake of getting excited and betting on lots of favourite or superior teams.
This does not always work for the most part since the very purpose of point spreads is to make it an even playing field. That’s why it’s always going to have 50/50 propositions.
So either you choose matchups of teams with big gaps in skills and bet on the favourite, or select those with small gaps and bet on the underdog. The last one is especially tricky but can be a good source of value bets for point spread betting.
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